A serial tech entrepreneur is being accused of a slew of potential crimes amounting to a sum of nearly $300 million.
According to a new Bloomberg report, Israeli police are accusing Moshe Hogeg and his partners of defrauding investors of $290 million when they raised capital for crypto projects in 2017 and 2018.
Israeli national police say Hogeg should see charges of “fraud, theft, money laundering, forgery and tax offenses.” The police’s recommendations for prosecutors include reviewing evidence of other crimes, as well.
The police have alleged that Hogeg and associates took millions of dollars from Israeli and foreign investors, raised between 2017 and 2018 for four cryptocurrency startups, for personal gains. The police canvassed 180 witnesses, gathered 900 pieces of evidence, and confiscated funds and