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Securities and Exchange Commission v. Eyal et al
Case Number:
1:19-cv-11325
Court:
Nature of Suit:
Judge:
Government Agencies
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June 19, 2020
SEC Ends Suit Against Crypto CEO Over Bogus $42.5M ICO
A New York federal judge said Friday that a cryptocurrency entrepreneur, who lied to investors about his blockchain-based retail platform and held a $42.5 million unregistered initial coin offering, is liable for $457,040, which he's already paid in Ether tokens, ending a U.S. Securities and Exchange Commission suit.
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December 11, 2019
SEC Targets Shopin CEO Over Fraudulent $42.5M ICO
An Israeli-South African cryptocurrency entrepreneur lied to hundreds of investors in his blockchain-based retail platform, Shopin, and conducted an unregistered initial coin offering that raised $42.5 million, according to a U.S. Securities and Exchange Commission suit filed in New York on Wednesday.