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.
In the long
list of crimes attributed to Hogeg, financial fraud, forgery of corporate
documents, money laundering, fraud, tax violations, and sexual offenses were all included in the list. The accused was alleged to have repeatedly violated women's privacy.
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.
With Hogeg,
it was similar. In 2017, he participated in meetings with the Israeli Finance
Minister to promote blockchain technology and cryptocurrencies. One of his
cryptocurrency projects, as part of an ICO, raised $100 million within 24
hours, and Hogeg himself posed for photos with Leo Messi, one of the most
popular football players in the world.
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.
In the long
list of crimes attributed to Hogeg, financial fraud, forgery of corporate
documents, money laundering, fraud, tax violations, and sexual offenses were all included in the list. The accused was alleged to have repeatedly violated women's privacy.
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.
With Hogeg,
it was similar. In 2017, he participated in meetings with the Israeli Finance
Minister to promote blockchain technology and cryptocurrencies. One of his
cryptocurrency projects, as part of an ICO, raised $100 million within 24
hours, and Hogeg himself posed for photos with Leo Messi, one of the most
popular football players in the world.
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.
Singapore's Liminal Secures Regulatory Approval in Abu Dhabi
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa