Eran Eyal, who raised $42 million in an allegedly fraudulent initial coin offering, settled charges with the SEC and paid a $450,000 fine in Ether.
Source: https://www.coindesk.com/eran-eyal-fined-shopin-token-fraud
Alleged Shopin ICO Fraudster Pays $450K Fine in Ether
June 23, 2020
CoinDesk
