South Africa

A South African fraudster fleeced US Huge Tech out of R620 million ($42 million)

Stephen Timm on his new e book, “At Any Price: The South African Fraudster Who Took the Tech World for Extra Than $40 million”.


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Each week The Cash Present’s Bruce Whitfield interviews the creator of a new or trending enterprise e book.

This week Whitfield interviewed Stephen Timm, creator of “At Any Price: The South African Fraudster Who Took the Tech World for Extra Than $40 million”.

One white lie led to the following… Buyers piled in cash…

Stephen Timm, creator – At Any Price

Whenever you see that Bitcoin worth go up… You will be rattling certain there’ll be scams…

Stephen Timm, creator – At Any Price

I met him in 2010 and interviewed his enterprise associate. He struck me because the nicest individual you possibly can ever meet! … Superb with phrases… He appears to be like light and meek…

Stephen Timm, creator – At Any Price

He would go on about who he was going to do enterprise with, the potential gross sales…

Stephen Timm, creator – At Any Price

Individuals who went to highschool with him… stated he didn’t come throughout as a scammer… The lies appeared to start out when he moved to New York… As quickly as he received there… he begins sporting costly, designer clothes… He strikes to the tallest, latest, shiniest constructing… He underwent a shift…

Stephen Timm, creator – At Any Price

Your complete tech sector is stuffed with this ‘overhype’… You should be very cynical, like an previous journalist… He received away due to compliant media…

Stephen Timm, creator – At Any Price

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The outline on The Guide Lounge web site:

Eran Eyal had all of it: a stylish New York house, a jet-set way of life and buyers lining as much as get in on his million-dollar cryptocurrency start-up, Shopin.

However the New York police pounced in 2018, charged him with fraud and packed him off to Rikers Island.

As $42 million went up in smoke, the South African entrepreneur was uncovered as an audacious fraudster decided to succeed at any price – even when it meant spinning an internet of lies to take action.


TRENDING ON THE MONEY SHOW: Jeremy Mansfield will get actual about his cash and beliefs about it


Take heed to the interview within the audio beneath.


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