An Israeli tech entrepreneur, Moshe Hogeg, and his partners are facing accusations of multiple potential crimes amounting to almost $300 million.
Bloomberg report reveals details
As per a recent Bloomberg report, Israeli police have accused the entrepreneur and his associates of defrauding investors of $290 million while raising capital for crypto projects in 2017 and 2018.
The police have recommended charges of “fraud, theft, money laundering, forgery, and tax offenses” against Hogeg. They have also suggested investigating evidence of other crimes.
The police have alleged that Hogeg and his associates took millions of dollars from Israeli and foreign investors, raised for four cryptocurrency startups between 2017 and 2018, for personal gains.
The police have conducted a thorough investigation, including canvassing 180 witnesses, gathering 900 pieces of evidence, and confiscating funds and assets.
A representative for the defendant released a statement expressing their satisfaction with the investigation’s conclusion and the case being transferred to the State Prosecutor’s Office.
They firmly believe that once the State Prosecutor’s Office reviews the case, the truth will be revealed and the various publications that have caused harm to Moshe Hogeg’s reputation will be proven false.
Moshe Hogeg is a prominent Israeli entrepreneur and businessman who has founded multiple technology companies, including Sirin Labs, a blockchain company that specializes in developing smartphones and other devices for the cryptocurrency market.
Hogeg and seven others were detained in 2021 and later released under house arrest.
Anthony Pompliano on Bitcoin
Anthony Pompliano, believes that the cryptocurrency may experience two types of shocks in the near future that could lead to a repeat of the 2020 bull market.
Pompliano predicts that regulators will eventually approve a Bitcoin exchange-traded fund that is based on spot prices. If this happens around the time of the next halving of Bitcoin, it could trigger a full-fledged bull market.
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