by Matthew Russell Lee, Patreon Book Substack
SDNY COURTHOUSE, Aug 19 – 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"
On May 23, Inner City Press was again the only media present for the arraignment of Anton, and status conference on both, before Magistrate Judge Jennifer E. Willis (to whom Judge Clarke referred the proceeding, and a script). Thread
On June 21 Judge Clarke permitted the two defendants to trade and liquidate four accounts at Chase and Fidelity to pay counsel and for living expenses.
On August 19 Judge Clarke held a conference with both defendants present (their parents in the gallery with Inner City Press); an October 14, 2025 trial date was set. Pre-trial motions are due December 6, with the defense predicting "complex" motions.
The case is US v. Peraire-Bueno, et al., 24-cr-293 (Clarke)
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