Hogeg collected hundreds of millions through four cryptocurrency projects.
However, the funds were used to finance illegal operations and his lavish lifestyle
After more
than two years since the launch of an investigation into a $290 million
cryptocurrency crime, Israeli police recommended charging the leading figure
behind defrauding thousands of investors. Moshe Hogeg has been accused of
theft, money laundering, and sexual offenses, according to the Times of Israel report.
Police Seek Charges in
$290 Million Crypto Crime
Hogeg's
activity in the cryptocurrency market flourished in 2017 and 2018 when the
market began to boom with initial coin offerings (ICOs). By offering his
cryptocurrency assets to investors in Israel, the accused collected $290
million to finance four fraudulent crypto projects.
Their
implementation never succeeded, and instead, Hogeg used the accumulated fortune
to cover his own expenses. He even became the owner of the football club Beitar
Jerusalem FC.
Since the
investigation officially began in 2021, Israeli police have questioned over 180
people and gathered 900 different pieces of evidence in various countries.
Additionally, properties and cash were secured. Seven other people are also
suspected of being involved in the case.
Although
all were arrested two years ago, they were released to house arrest a month
later. Now the police have announced that the charges against Hogeg and the co-defendants have been referred for review by the prosecution.
Hogeg himself
denies all allegations and claims that the police brutally treated him during
questioning to extract his testimony.
Sam Bankman-Fried of the
First Cryptocurrency Bubble?
The
comparison of Moshe Hogeg to Sam Bankman-Fried (SBF) of the first
cryptocurrency bubble is not far from the truth. SBF was the owner of the
now-defunct FTX exchange, and to this day, he owes billions of dollars to
investors and partners. However, at SBF's peak, he was considered a young
genius in the cryptocurrency market, covered by media worldwide.
The first among many lawsuits against Hogeg began in 2019. At that time, two American
investors sued him, but a few months later, their case was annulled without
reason. That same year, an investor from China also sued Hogeg, claiming he was
running a financial pyramid, and demanded $5 million in compensation.
It was only
at the end of 2021 that the media began to report that Hogeg was among the
suspects in an investigation conducted by Israeli police concerning a
cryptocurrency crime. After two years, the police now appear ready to press charges against him.
After more
than two years since the launch of an investigation into a $290 million
cryptocurrency crime, Israeli police recommended charging the leading figure
behind defrauding thousands of investors. Moshe Hogeg has been accused of
theft, money laundering, and sexual offenses, according to the Times of Israel report.
Police Seek Charges in
$290 Million Crypto Crime
Hogeg's
activity in the cryptocurrency market flourished in 2017 and 2018 when the
market began to boom with initial coin offerings (ICOs). By offering his
cryptocurrency assets to investors in Israel, the accused collected $290
million to finance four fraudulent crypto projects.
Their
implementation never succeeded, and instead, Hogeg used the accumulated fortune
to cover his own expenses. He even became the owner of the football club Beitar
Jerusalem FC.
Since the
investigation officially began in 2021, Israeli police have questioned over 180
people and gathered 900 different pieces of evidence in various countries.
Additionally, properties and cash were secured. Seven other people are also
suspected of being involved in the case.
Although
all were arrested two years ago, they were released to house arrest a month
later. Now the police have announced that the charges against Hogeg and the co-defendants have been referred for review by the prosecution.
Hogeg himself
denies all allegations and claims that the police brutally treated him during
questioning to extract his testimony.
Sam Bankman-Fried of the
First Cryptocurrency Bubble?
The
comparison of Moshe Hogeg to Sam Bankman-Fried (SBF) of the first
cryptocurrency bubble is not far from the truth. SBF was the owner of the
now-defunct FTX exchange, and to this day, he owes billions of dollars to
investors and partners. However, at SBF's peak, he was considered a young
genius in the cryptocurrency market, covered by media worldwide.
The first among many lawsuits against Hogeg began in 2019. At that time, two American
investors sued him, but a few months later, their case was annulled without
reason. That same year, an investor from China also sued Hogeg, claiming he was
running a financial pyramid, and demanded $5 million in compensation.
It was only
at the end of 2021 that the media began to report that Hogeg was among the
suspects in an investigation conducted by Israeli police concerning a
cryptocurrency crime. After two years, the police now appear ready to press charges against him.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion explaining the impact of news on trading.
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion explaining the impact of news on trading.
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion explaining the impact of news on trading.
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion explaining the impact of news on trading.
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion explaining the impact of news on trading.
Lebowa Capital's Jimmy Moyaha at an FMLS:24 panel discussion explaining the impact of news on trading.
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets.
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets.
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets.
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets.
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets.
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets.
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets while participating in a panel discussion on "How to Trade the News."
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets while participating in a panel discussion on "How to Trade the News."
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets while participating in a panel discussion on "How to Trade the News."
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets while participating in a panel discussion on "How to Trade the News."
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets while participating in a panel discussion on "How to Trade the News."
Doo Prime's Fraser Nelson is explaining the challenges of liquidity in different markets while participating in a panel discussion on "How to Trade the News."
FMLS:24 exhibition venue is crowded on the second day.
FMLS:24 exhibition venue is crowded on the second day.
FMLS:24 exhibition venue is crowded on the second day.
FMLS:24 exhibition venue is crowded on the second day.
FMLS:24 exhibition venue is crowded on the second day.
FMLS:24 exhibition venue is crowded on the second day.
Panel Discussion on "Regulation, Trust, and the Future of Trading in Africa"
Panel Discussion on "Regulation, Trust, and the Future of Trading in Africa"
Panel Discussion on "Regulation, Trust, and the Future of Trading in Africa"
Panel Discussion on "Regulation, Trust, and the Future of Trading in Africa"
Panel Discussion on "Regulation, Trust, and the Future of Trading in Africa"
Panel Discussion on "Regulation, Trust, and the Future of Trading in Africa"
Experts discuss the topic "Regulation, Trust, and the Future of Trading in Africa" at FMLS:24
Experts discuss the topic "Regulation, Trust, and the Future of Trading in Africa" at FMLS:24
Experts discuss the topic "Regulation, Trust, and the Future of Trading in Africa" at FMLS:24
Experts discuss the topic "Regulation, Trust, and the Future of Trading in Africa" at FMLS:24
Experts discuss the topic "Regulation, Trust, and the Future of Trading in Africa" at FMLS:24
Experts discuss the topic "Regulation, Trust, and the Future of Trading in Africa" at FMLS:24