Israeli police accuse Moshe Hogeg of defrauding $290 million through cryptocurrency

ChainCatcher news, Israeli businessman Moshe Hogeg, who was accused of misusing ICO funds as early as 2018, has been charged by Israeli police with fraud, theft, money laundering, and tax offenses, and is said to have defrauded investors of $290 million.

Currently, the Israeli police have submitted a recommendation to the Israeli prosecutor, who will decide whether to file charges and review the evidence of the crime.