{"id":21473,"date":"2023-08-23T20:02:25","date_gmt":"2023-08-23T20:02:25","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/crypto-entrepreneur-faces-potential-prosecution-in-israel-related-to-290m-scam-report\/"},"modified":"2023-08-23T20:02:27","modified_gmt":"2023-08-23T20:02:27","slug":"crypto-entrepreneur-faces-potential-prosecution-in-israel-related-to-290m-scam-report","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/crypto-entrepreneur-faces-potential-prosecution-in-israel-related-to-290m-scam-report\/","title":{"rendered":"Crypto entrepreneur faces potential prosecution in Israel related to $290M scam: Report"},"content":{"rendered":"<div data-v-2649fa34=\"\">\n<p>Police in Israel have reportedly accused entrepreneur Moshe Hogeg of defrauding users out of roughly $290 million through scams involving crypto projects.<\/p>\n<p>According to an Aug. 23 report from the Times of Israel, the national police force recommended to prosecutors that Hogeg be charged with fraud, theft, money laundering, and sex crimes, accusing the Israeli citizen of raising $290 million from investors for crypto projects under false pretenses. The entrepreneur had been previously detained by Israeli authorities in November 2021 for allegedly engaging in unlawful activities including fraud involving cryptocurrency, for which he spent roughly a month under house arrest. <\/p>\n<p>The report followed a two-year investigation into Hogeg\u2019s allegedly illegal activities, some of which involved cryptocurrency projects. In June, he traveled to Morocco and announced his involvement in Tomi, a blockchain project based on an \u201calternative internet network\u201d. Hogeg told Cointelegraph at the time that as a figure in the crypto space, he may have become a target to authorities.<\/p>\n<figure><figcaption style=\"text-align: center;\"><em>Moshe Hogeg speaking at the Nakamoto Forum in Marrakech, Morocco on June 6.<\/em><\/figcaption><\/figure>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Israeli authorities seize crypto from terror organizations, credit new technology<\/em><\/strong><\/p>\n<p>The police investigation reportedly involved questioning 180 people as well as seizing money and property in several countries. A spokesperson for Hogeg reportedly said he welcomed the conclusion of the investigation, and described many publications covering the case as doing a \u201cgreat injustice\u201d against him. He has denied all the allegations.<\/p>\n<p>Among Hogeg&#8217;s purchases using the 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.<\/p>\n<p><strong><em>Magazine: <\/em><\/strong><strong><em>US enforcement agencies are turning up the heat on crypto-related crime<\/em><\/strong><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"\/>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Police in Israel have reportedly accused entrepreneur Moshe Hogeg of defrauding users out of roughly $290 million through scams involving crypto projects. According to an Aug. 23 report from the Times of Israel, the national police force recommended to prosecutors that Hogeg be charged with fraud, theft, money laundering, and sex crimes, accusing the Israeli [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21474,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-21473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crypto entrepreneur faces potential prosecution in Israel related to $290M scam: Report | NFT &amp; Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nftandcrypto-news.com\/crypto\/crypto-entrepreneur-faces-potential-prosecution-in-israel-related-to-290m-scam-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto entrepreneur faces potential prosecution in Israel related to $290M scam: Report | NFT &amp; Crypto News\" \/>\n<meta property=\"og:description\" content=\"Police in Israel have reportedly accused entrepreneur Moshe Hogeg of defrauding users out of roughly $290 million through scams involving crypto projects. According to an Aug. 23 report from the Times of Israel, the national police force recommended to prosecutors that Hogeg be charged with fraud, theft, money laundering, and sex crimes, accusing the Israeli [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nftandcrypto-news.com\/crypto\/crypto-entrepreneur-faces-potential-prosecution-in-israel-related-to-290m-scam-report\/\" \/>\n<meta property=\"og:site_name\" content=\"NFT &amp; Crypto News\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-23T20:02:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-23T20:02:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/08\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDgvM2RiMmExYzQtZGFhNS00Y2IwLThjYWMtYTEzY2EzODY3ZjgxLmpwZw.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1160\" \/>\n\t<meta property=\"og:image:height\" content=\"773\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/crypto-entrepreneur-faces-potential-prosecution-in-israel-related-to-290m-scam-report\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/crypto-entrepreneur-faces-potential-prosecution-in-israel-related-to-290m-scam-report\/\"},\"author\":{\"name\":\"Staff\",\"@id\":\"https:\/\/nftandcrypto-news.com\/#\/schema\/person\/352194e8b0cb9ae3ad5480e201b5f792\"},\"headline\":\"Crypto entrepreneur faces potential prosecution in Israel related to $290M scam: Report\",\"datePublished\":\"2023-08-23T20:02:25+00:00\",\"dateModified\":\"2023-08-23T20:02:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/crypto-entrepreneur-faces-potential-prosecution-in-israel-related-to-290m-scam-report\/\"},\"wordCount\":282,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/crypto-entrepreneur-faces-potential-prosecution-in-israel-related-to-290m-scam-report\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/08\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDgvM2RiMmExYzQtZGFhNS00Y2IwLThjYWMtYTEzY2EzODY3ZjgxLmpwZw.jpg\",\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/nftandcrypto-news.com\/crypto\/crypto-entrepreneur-faces-potential-prosecution-in-israel-related-to-290m-scam-report\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/crypto-entrepreneur-faces-potential-prosecution-in-israel-related-to-290m-scam-report\/\",\"url\":\"https:\/\/nftandcrypto-news.com\/crypto\/crypto-entrepreneur-faces-potential-prosecution-in-israel-related-to-290m-scam-report\/\",\"name\":\"Crypto entrepreneur faces potential prosecution in Israel related to $290M scam: Report | NFT &amp; 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