JOURNAL ARTICLE

MIT Grad Brothers Fraud Jury Unable to Reach a Verdict.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Herszenhorn, Miles J.; Dolmetsch, Chris 3 of 3

Abstract

The article discusses the mistrial declared in the fraud case against two brothers, James and Anton Peraire-Bueno, who were accused of stealing approximately $25 million in cryptocurrency through controversial trading practices known as "sandwich attacks" on the Ethereum blockchain. After three days of jury deliberation, the jurors reported an "emotional burden" and were unable to reach a unanimous verdict, prompting US District Judge Jessica Clarke to declare a mistrial. The brothers argued that their actions were a legitimate trading strategy in an unregulated market, while prosecutors contended it was theft. The case has sparked division within the crypto community regarding the legality and ethics of sandwich attacks. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/11, pN.PAG
  • Document Type:Article
  • Subject Area:Law
  • Publication Date:2025
  • Accession Number:189180379
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