The crypto entrepreneur faces potential prosecution in Israel for $290 million fraud. Moshe Hogeg, the former owner of the Israeli Premier League football team, should be prosecuted for fraud, theft, money laundering, forgery and tax charges, Israeli national police said on Wednesday.
Crypto entrepreneur accused of multimillion-dollar fraud
According to Bloomberg’s report, the national police force has advised prosecutors to charge Moshe Hogeg with fraud, theft, money laundering and sexual crimes, accusing the Israeli citizen of raising $290 million from investors for crypto projects under false pretenses. The investor was previously detained by Israeli authorities in November 2021 for allegedly engaging in illegal activities, including cryptocurrency-related fraud. Due to this accusation, he was under house arrest for about a month.
Moshe Hogeg and some of his unidentified partners on Wednesday are accused of using millions of dollars raised for 4 crypto projects in 2017 and 2018. Sources say police interviewed 180 witnesses and collected 900 pieces of evidence. Allegedly, Hogeg has ties to actor Leonardo DiCaprio. He is also associated with Mexican billionaire Carlos Slim, whom he convinced to invest in a startup.
Moshe Hogeg says he is a key figure in the crypto space!
Meanwhile, Hogeg was quite active on social media X. He shared crypto news over the past week. The charges follow a two-year investigation into Hogeg’s illegal activities, including crypto projects. Hogeg went to Morocco in June. On this trip, she announced that she was joining Tomi, a blockchain project based on an “alternative internet network.” Hogeg said that at the time, he may have become a target of authorities as a figure in the crypto space.
The police investigation reportedly included the confiscation of money and property in various countries. A spokesperson for Hogeg reportedly said he welcomed the conclusion of the investigation and described several publications that covered the case as “a great injustice” to him. Meanwhile, Hogeg denied all allegations. Purchases that Hogeg made using allegedly illegal funds included $7 million for ownership of the Beitar Jerusalem football club. He sold the team to businessman Barak Abramov in August 2022.
Scammers stole $675,000 in USDT confirmation scam
Crypto security firm PeckShield highlighted that a scammer stole over 675,000 USDT in five days. The scammer performed the USDT confirmation scam by tricking the victim into allowing them to spend unlimited USDT. PeckShield has asked users to revoke unlimited USDT spending permission to avoid further loss of funds. The blockchain security firm has yet to share further details on the activity.
Total USDT stolen by scammers. Source: PeckShieldAs you follow on Kriptokoin.com, on Monday PeckShield reported a phishing attack of another wallet. He stated that in this way, the scammer stole seven NFTs from the crypto project Blur market. Among the seven NFTs are also blue chip collections such as the MutantApeYachtClub (MAYC) and Otherdeed Expanded. Meanwhile, the NFT market continues to decline to new lows. On Monday, MAYC’s floor price dropped to 4,405 ETH from a year high of 17.5 ETH. BoredApeYachtClub (BAYC), on the other hand, dropped to 23.59 ETH from its May 2022 high of 128 ETH.
Transaction indicating NFT theft. Source: Etherscan
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