SEC sets Justin Sun straight; Mango Market exploiter Avi Eisenberg convicted [Video]

Tron’s Justin Sun is discovering he can’t fib his way out of a legal jam, while Mango Markets exploiter Avraham Eisenberg has learned that not only can they arrest you, they can convict you.

On April 18, the U.S. Securities and Exchange Commission (SEC) filed an amended complaint in the civil suit it filed last year against Sun, Tron, Sun’s BitTorrent network (since rebranded as Rainberry), and some social media influencers. Sun was accused of the unregistered offer and sale of ‘crypto asset securities’ and illegal wash trading of the TRX and BTT tokens, while the influencers were accused of helping him promote his illegal scheme.

Last month, Tron’s legal team filed a motion to dismiss the suit based on their claim that the SEC had no jurisdiction over Sun, “a foreign national residing abroad.” The motion further argued that the SEC had failed to prove that Sun exercised control over the Tron …