Israel Police Accuse Ex-Soccer Team Owner of $290 Million Crypto Scam
Israel police have alleged that Moshe Hogeg, the former owner of an Israeli Premier League soccer team, and his partners defrauded investors of $290 million in a cryptocurrency scam. The police have recommended charges of fraud, theft, money laundering, forgery, and tax offenses against Hogeg. The investigation involves four crypto startups and has collected evidence from 180 witnesses and 900 pieces of evidence. Hogeg has connections to actor Leonardo DiCaprio and Mexican billionaire Carlos Slim, who he convinced to invest in a startup.
Main Breakdown
– Israel police accuse ex-soccer team owner Moshe Hogeg and his partners of a $290 million crypto scam.
– Hogeg should be charged with fraud, theft, money laundering, forgery, and tax offenses.
– Police have conducted a widespread investigation involving four crypto startups.
– Evidence includes testimonies from 180 witnesses and 900 pieces of evidence.
– Hogeg has connections to Leonardo DiCaprio and Carlos Slim, who invested in one of his startups.
Hot Take
The alleged involvement of Moshe Hogeg in a massive cryptocurrency scam highlights the risks and potential for fraud in the crypto industry. This case emphasizes the importance of due diligence and caution when investing in crypto startups. It also raises questions about the credibility of individuals who promote cryptocurrencies and their associations. Investors should be wary and conduct thorough research before committing their funds to any crypto project.
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