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Shopin CEO Charged With Fraud After $42 Million Initial Coin Offering
Summary: Eran Eyal, CEO of Shopin, has been charged by the U.S. Securities and Exchange Commission (SEC) with fraud. The SEC announced on Wednesday that Eyal had defrauded investors by selling $42 million worth of unregistered securities in an initial coin offering. The Shopin Token was sold to create a blockchain-based system that would track and ...
Eran Eyal, CEO of Shopin, has been charged by the U.S. Securities and Exchange Commission (SEC) with fraud.
The SEC announced on Wednesday that Eyal had defrauded investors by selling $42 million worth of unregistered securities in an initial coin offering. The Shopin Token was sold to create a blockchain-based system that would track and store consumer profiles shopping histories. However, according to the SEC Shopin never built the system.
By Ramsey Baker
Tags: Eran Eyal,Fraud,ICO,SEC,shopin
Link: Shopin CEO Charged With Fraud After $42 Million Initial Coin Offering [Copy]
