Hogeg raised these funds across the world during 2017-18 under the guise of funding four crypto ventures.Israeli police have accused leading entrepreneur Moshe Hogeg and his associates of defrauding investors of $290 million in a crypto scam, the Times of IsraelAccording to the police, Hogeg raised a large sum of money from investors across the world, including Israel nationals, during 2017-18 under the guise of funding four crypto ventures.
The police authorities have sent his cases to prosecutors for review. Police have also charged other suspects with a range of offenses.Hogeg previously worked on a project with blockchain-based mobile phone venture Sirin Labs. The project even hired one of the world’s leading football players, Leo Messi, as its brand ambassador.Hogeg in 2020 for nearly $6 million over non-payment of manufacturing bills. Sirin Labs still remains operational.