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SEC Charges Shopin CEO With Fraud Over Unregistered $42M ICO

The SEC announced Wednesday that Eyal had been charged with defrauding investors by selling unregistered securities in the form of Shopin Tokens. While Eyal was supposed to develop a platform which would store and track customer profiles across different retailers, Shopin never built out the system, the agency alleged.

Instead, Eyal "misappropriated investor funds for his personal use," which included a dating service.

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I like how SEC is charging all these criminals that misled investors thinking they would get away with it. Richard Heart and his HEX scam also falls into this and I'll be very surprised if he doesn't get charged eventually by a regulatory body. He's also from Florida, USA which makes things even worse.