đ„Israeli Businessman Hogeg at Center of $290 Million Crypto Scandal đ„Moshe Hogeg has been accused of defrauding investors of $290 million in a crypto scam following a two-year investigation.
đ„In a significant development following a two-year investigation, Israeli entrepreneur Moshe Hogeg and his associates have been formally accused of orchestrating a cryptocurrency scam that defrauded investors of a staggering $290 million. đ„The allegations against Hogeg, a prominent figure in the Israeli business landscape, have raised serious concerns about the integrity of the crypto industry and the financial well-being of those affected.
đ„The investigation has led the national police to recommend charges against him for an array of offenses including fraud, theft, money laundering, forgery, and tax-related crimes. đ„The police's findings have been submitted to Israeli prosecutors, who now bear the responsibility of determining whether to pursue legal actions against Hogeg and his associates.