The Israel Police drew the attention of the prosecutor’s office to four nominal crypto projects led by Moshe Hogeg. In particular, the police revealed a major fraud involving funds from investors in the amount of more than $ 290 million, which the businessman used for personal gain.
In two cases, the announced crypto companies were never created, and in the other two, firms with no potential future value were registered. Hogeg misled potential investors by falsifying registration and reporting documents. With the funds received from them, Hogeg bought the Beitar Jerusalem football team, expensive real estate and premium cars.
By data According to the Israeli media, in addition to being charged with economic crimes, Moshe Hogeg is suspected of another 21 offenses, including human trafficking, child prostitution, and the sale of drugs and alcohol to minors. In 2018, Hogeg was already accused of embezzling funds received as a result of an ICO.
It is noteworthy that in 2015 Forbes Israel called Hogega is one of the most successful and promising startup entrepreneurs in the country, who has achieved outstanding success “without suits and fake smiles.”
Earlier, the Israeli government reported seizing $1.7 million in cryptocurrencies from wallets linked to the Iranian military and the Iranian-backed Lebanese militant group Hezbollah.
Source: Bits
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