SEC: Crypto ‘entrepreneur’ illegally raised $42M, spent funds on dating and rent

Cryptocurrency ‘entrepreneurs’ beware: US regulators haven’t forgotten about your dodgy initial coin offering (ICO). The SEC has just charged the head of a crypto startup for allegedly cheating investors out millions of dollars by lying about non-existent partnerships. The SEC’s complaint claims that between August 2017 and April 2018, UnitedData founder Eran Eyal fraudulently sold unregistered securities via an ICO for “Shopin Tokens.” Capital raised by