Tuesday 8 January 2019

Eran Eyal charged with fraud and computer crimes.


Eran Eyal, a South African technology entrepreneur, has been charged in the USA by the New York Attorney General, Barbara Underwood, with fraudulently soliciting investors, making false representations, and computer crimes from his time when he was CEO and Founder of Springleap (a South African online marketplace of creative talent). Eyal served as CEO of Springleap from 2012 to 2016, during this time, the New York Attorney General's office alleges that he stole as much as $600,000 from investors by convincing them to purchase convertible notes through false representations of his company, Springleap.

Underwood has stepped in because some of the investors that Eyal supposedly stole from, are from New York. If convicted, Eyal could serve anything from 5 to 15 years in prison.

“As we allege, this massive securities fraud scheme bilked investors out of hundreds of thousands of dollars, Defrauding New Yorkers through false representations and fabrications about a business will not be tolerated by my office – and we’ll continue to do what it takes to root out and prosecute securities fraud,” said Attorney General Underwood.


By Tefo Mohapi.
Full story at iAfrikan.



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