According to the Daily Planet, Israeli police have accused crypto mogul Moshe Hogeg and his accomplices of defrauding investors of $290 million in a cryptocurrency scam. After two years of investigation, Moshe Hogeg was charged with fraud, theft, money laundering, forgery and tax crimes. Israeli police have submitted recommendations to prosecutors, who will decide whether to bring charges and review evidence of sexual crimes.
Hogeg and several accomplices are suspected of using millions of dollars raised from Israeli and foreign investors in 2017 and 2018 for personal use.