A serial tech entrepreneur is being charged with a slew of potential crimes worth nearly $300 million.
Israel police are accusing Moshe Hogeg and his associates of defrauding investors of $290 million when they raised capital for crypto projects in 2017 and 2018, according to a new Bloomberg report.
The Israel National Police says Hogeg must face charges of “fraud, theft, money laundering, forgery and tax crimes.” Police recommendations for prosecutors also include reviewing evidence from other crimes.
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 gain. Police questioned 180 witnesses, collected 900 pieces of evidence and seized money and belongings as part of their investigation.
That says a spokesman for the suspect.
“We are pleased with the completion of the investigation and the transfer of the case to the Public Prosecution Service. We are convinced that after the investigation of the case by the Public Prosecution Service, it will become clear that the matters are completely different from the various publications that have appeared over the years and that have done Moshe Hogeg a great injustice.”
Moshe Hogeg is an Israeli businessman and entrepreneur. He is the founder of several technology companies, including Sirin Labs, a blockchain company that develops smartphones and other devices for the cryptocurrency market.
Hogeg and seven others were arrested in 2021 and later released under house arrest.
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