Tech Entrepreneur Accused of Massive $290,000,000 Crypto Fraud, Theft and Money Laundering: Report – The Daily Hodl

A serial tech entrepreneur is being accused of a slew of potential crimes amounting to a sum of nearly $300 million.

According to a new Bloomberg report, Israeli police are accusing Moshe Hogeg and his partners of defrauding investors of $290 million when they raised capital for crypto projects in 2017 and 2018.

Israeli national police say Hogeg should see charges of “fraud, theft, money laundering, forgery and tax offenses.” The police’s recommendations for prosecutors include reviewing evidence of other crimes, as well.

The 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 gains. The police canvassed 180 witnesses, gathered 900 pieces of evidence, and confiscated funds and assets as part of their investigation.

Says a spokesperson for the accused,

“We welcome the conclusion of the investigation and the transfer of the case to the State Prosecutor’s Office. We are convinced that after examining the case by the State Prosecutor’s Office, it will become clear that things are completely different from the various publications published over the years that did a great injustice to Moshe Hogeg.”

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 detained in 2021 and later discharged under house arrest.

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