by Matthew Russell Lee, Patreon Book Substack
SDNY COURTHOUSE, May 15 – James Peraire-Bueno was indicted for "conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money laundering. The charges in the Indictment arise from an alleged novel scheme by the defendants to exploit the very integrity of the Ethereum blockchain to fraudulently obtain approximately $25 million worth of cryptocurrency within approximately 12 seconds."
On May 15 James Peraire-Bueno was brought in detention before U.S. District Court for the Southern District of New York Magistrate Judge Valerie Figueredo. Inner City Press was there, the only media in the SDNY Mag Court, thread:
OK - now in SDNY Mag court, the crypto AUSAs are here Defense lawyer has emerged from holding cell - he represented Trump Media insider trader Bruce Garelich earlier this month.
No "all rise" but judge is in. And now young-looking defendant...
JAMES PERAIRE-BUENO, on the consent of the US Attorney's Office, was ordered free on $250,000 bond secured by cash or real estate, two co-signers by May 29, no trading in securities or crypto, "no validation" by May 22.
The case is US v. Peraire-Bueno, et al., 24-cr-293 (Clarke / Figueredo)
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