In a new update to the Mango Markets exploit saga, the United States District Court for the District of Puerto Rico has issued an order of detention to the infamous Mango Markets exploiter Avraham Eisenberg.

After holding a detention hearing, United States Magistrate Judge Bruce McGiverin decided that it was necessary to detain Eisenberg for several reasons. According to court documents, there is no condition or combination of conditions of Eisenberg’s release that will reasonably assure his appearance as required.

In addition to this, the court also specified other reasons. This includes Eisenberg being subject to a lengthy period of incarceration if he gets convicted, has significant family or other ties outside of the United States and has an unverified background.

(By EZRA REGUERRA)