Accusations of Fraud and Money Laundering against Israeli Tech Entrepreneur Moshe Hogeg
According to a report by Bloomberg, Israeli police are accusing tech entrepreneur Moshe Hogeg and his partners of defrauding investors of nearly $290 million during their capital raising efforts for crypto projects in 2017 and 2018.
The Israeli national police have recommended that Hogeg be charged with several crimes including fraud, theft, money laundering, forgery, and tax offenses. They have also suggested that prosecutors investigate other potential crimes related to the case.
The police claim that Hogeg and his associates took millions of dollars from both Israeli and foreign investors, raised between 2017 and 2018 for four cryptocurrency startups, for their personal gains. The investigation involved interviewing 180 witnesses, collecting 900 pieces of evidence, and confiscating funds and assets.
A spokesperson for Hogeg has responded to the accusations by saying, „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 known for founding 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 but later released under house arrest.
Frequently Asked Questions:
Who is Moshe Hogeg?
Moshe Hogeg is an Israeli entrepreneur and businessman who has founded several technology companies, including Sirin Labs.
What are the accusations against Moshe Hogeg?
Israeli police have accused Hogeg and his partners of defrauding investors of nearly $290 million during their capital raising efforts for crypto projects in 2017 and 2018. The charges include fraud, theft, money laundering, forgery, and tax offenses.
What happens next in the case against Moshe Hogeg?
The police have recommended that prosecutors investigate the evidence for other potential crimes related to the case. The case has been transferred to the State Prosecutor’s Office for further examination.
How has Moshe Hogeg responded to the accusations?
A spokesperson for Hogeg has expressed confidence that the State Prosecutor’s Office will find that the accusations are unfounded. They claim that previous publications have misrepresented the situation and have done a great injustice to Hogeg.
What is Sirin Labs?
Sirin Labs is a blockchain technology company founded by Moshe Hogeg. It specializes in developing smartphones and other devices for the cryptocurrency market.
Disclaimer: The information provided in this article is for informational purposes only. It should not be considered as financial or investment advice.
