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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. He had come a long way from an ordinary middle-class
childhood in Durban and the burgeoning tech start-up world of Cape
Town.
But the New York authorities pounced in 2018, charged him with fraud
and packed him off to Rikers Island. There began the gobsmacking
unravelling of a scam that spanned investors across the globe and
revealed that Eyal had built a house of cards involving fictitious
products, clients and advisors for Shopin and his previous company,
Springleap. As more than $40 million went up in smoke, the South
African entrepreneur was exposed as an audacious fraudster determined
to succeed at any cost – even if it meant spinning a web of
lies to do so.
“An age-old narrative about ego and flying too close to the sun as well
as a modern version of greed in the tech world.” Michael Jordaan
“Eyal proves definitively that a thousand white lies can get you
convicted of fraud. This book meticulously walks the reader though the
start-up lies that ended in tears.” Nic Haralambous
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