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2019-12-12 04:56:37

US SEC indicts Shopin founder for $42 million ICO fraud

According to the official press release on 11th December 2019 the US Securities and Exchange Commission unveiled a forty-two million US dollars ($42 million) ICO fraud committed by Eran Eyal, founder of Uniteddata Shopin, provider of AI and blockchain-based retail solutions. Amid dozens of new tokens and coins being launched each month along with an ever-increasing appetite for new investment opportunities, the United States federal agency is continually looking over its shoulders for suspicious activities in the financial and investment space. US SEC unveils another ICO fraud In the latest, the SEC charged the digital assets businessman and his company