Saturday 6 March 2021
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maverick - 11 days ago

BOOK EXTRACT: Eran Eyal, the South African fraudster who took the tech world for more than $40-million

Eran Eyal had it all: a trendy New York apartment, a jet set lifestyle and investors lining up to get in on his million-­dollar cryptocurrency start-up, Shopin. But in 2018 the US authorities charged him with fraud and packed him off to Rikers Island. The scam by the middle-class boy from Durban spanned investors across the globe: a house of cards involving fictitious products, clients and advisers for Shopin and his previous company, Springleap. More than $40-million went up in smoke.


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African

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fraudster

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world

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million

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