NY-AG v. Eran Eyal

Eran Eyal, former CEO of Springleap, Inc., allegedly stole $600,000 from investors by fraudulently soliciting investors to purchase convertible notes through false representations of his company. According to the prosecutor, between 2014 and 2015, Eyal allegedly attracted investors to Springleap through a series of false representations about the company’s management team, advisory board, creative professionals, and client base. Eyal allegedly misrepresented to investors that Springleap had high profile corporations as clients. Eyal allegedly hired a freelance computer hacker to web-scrape computer data from a legitimate online portfolio. Eyal is charged with three counts of Grand Larceny in the Second Degree, one count of Grand Larceny in the Third Degree, one count of Unlawful Duplication of Computer Related Material in the First Degree, one count of Criminal Possession of Computer Related Material, one count of Scheme to Defraud in the First Degree, and four counts of Securities Fraud under the Martin Act.

Summary generated from official New York Attorney General press release