Hacker Avraham Eisenberg Indicted and Faces Trial for Alleged USD $116 Million Theft From

In July, Avraham Eisenberg, a 46-year-old Israeli citizen living in Herzliya, was charged with theft and money laundering. He is accused of stealing $116 million from investors in a crypto investment scheme he claims to have participated in.

The indictment says that between 2013 and 2018, Eisenberg allegedly stole money from investors after convincing them to invest in his company's own cryptocurrency project. The indictment also claims he used the stolen money to pay off other debts and buy luxury items.

Eisenberg has yet to be arrested or extradited from Israel to the US, but he could face up to 20 years in prison if convicted. In addition to the allegation of defrauding investors through fraudulent means, Eisenberg could also face additional charges related to tax evasion and failure to declare taxable income on tax returns. earnings for 2015 and 2016.