SEC: Final Judgement Received in Alleged Fraudulent Initial Coin Offering by Eran Eyal

The Securities and Exchange Commission (SEC) has obtained a final judgment in an enforcement action against Eran Eyal , the founder and former chief executive officer of UnitedData, Inc ., DBA Shopin , for conducting an allegedly fraudulent initial coin offering (ICO).
Towards the end of 2019, the SEC filed charges against Eyal and Shopin claiming the ICO raised $42.5 million USD selling Shopin cryptographic or “blockchain” tokens to investors from August 2017 to April 2018 but, “never created a…

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