Trader

Federal Judge Overturns Fraud Convictions of Trader in $110 Million Mango Markets Exploit

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New York – A federal judge has overturned significant fraud and manipulation convictions against Avraham Eisenberg, a trader involved in a $110 million exploit of the Mango Markets decentralized exchange. U.S. District Judge Arun Subramanian issued the ruling on Friday, stating that the evidence presented in the original trial did not substantiate the jury’s conclusions that Eisenberg provided materially false representations. The judge’s decision vacates Eisenberg’s convictions for commodities fraud and market manipulation and acquits him of a third charge, effectively weakening the government’s position in the case. In 2024, Eisenberg was found guilty of … Read more

Trader Joe’s Trademark Complaint Against Union Brutally Dismissed by Judge: A Twisted Outcome

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BELLEFONTE, PA – A federal judge in Bellefonte, Pennsylvania, has dismissed a trademark complaint filed by Trader Joe’s against a union in a ruling that was described as “brutal” by legal experts. The grocery chain had accused the United Food and Commercial Workers (UFCW) of infringing on its brand by using a similar design for its promotional materials. However, Judge John Thomas dismissed the claim, stating that Trader Joe’s had failed to provide sufficient evidence to support its allegations. The lawsuit centered around the use of the phrase “BUCK A SNIP” by the UFCW, which … Read more

Former Vitol Oil Trader Allegedly Orchestrated Bribery Scheme in Houston, Unveils Prosecutors

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HOUSTON (AP) — A former oil trader at Vitol has been accused of running a bribery scheme from Houston, according to prosecutors. The trader, who was identified as Anthony Stimler, allegedly paid bribes to officials in Brazil, Ecuador, and Mexico to secure oil trading deals. Court documents reveal that Stimler used intermediaries to funnel over $8 million in bribes to government officials. The bribes were disguised as payments for consulting services or charitable donations. The scheme reportedly lasted from 2015 to 2020. Prosecutors claim that Stimler’s actions violated the Foreign Corrupt Practices Act, which prohibits … Read more