• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Polymarket Set To Go Live In The US Following CFTC Approval, Says CEO
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Polymarket Set To Go Live In The US Following CFTC Approval, Says CEO
crypto

Crypto Heayweight Accused Of $290 Million Scam Among Other Charges

Semilore Faleti
by Semilore Faleti
2 years ago
·
Posted in Crypto scam
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Crypto Israeli investor and prominent businessman Moshe Hogeg is set to face charges for his alleged involvement in a $290 million scam, according to a report by Bloomberg on Wednesday.

Over the last two years, Hogeg has been investigated by the Israeli Police for allegedly duping thousands of investors through several proposed crypto businesses. 

Related Reading: Facebook Thailand Operations In Jeopardy Due To Claims Of Crypto Scams, Deceptive Ads

Hogeg’s Involvement In Crypto Scam

Before entering the crypto industry, Moshe Hogeg was a renowned entrepreneur with several businesses. Among them was Mobil, a media-sharing website that drew investments from notable figures such as tennis player Serena Williams and film actor Leonardo DiCaprio.

Hogeg, the former football club Beitar Jerusalem FC owner, began his digital asset journey by launching the Alignment Blockchain Hub, a blockchain consultant firm, in 2017. 

In the following years, Moshe Hogeg launched three other crypto startups Sirin Labs, Stx Technologies, and Leadcoin, generating over $250 million from investors via initial coin offerings (ICOs). 

However, according to the Israeli Police investigations, Hogeg and his business associates appear to have misappropriated these funds for personal use and gratification rather than investing in the said crypto startups.

The police are making these allegations, having interviewed 180 witnesses, obtained 900 pieces of evidence, and seized funds and properties belonging to the suspects. 

Moshe Hogeg and seven others were initially arrested on fraud and theft charges in 2021. However, the investor was released to house arrest one month later on a $22 million bail bond.

Two years later, the Israeli police have seemingly completed all investigations, charging Moshe Hogeg with theft, aggravated fraud, money laundering, forgery, non-registration of corporate documents, and tax violations. 

In addition, the businessman has also been accused of sex crimes and constant violation of women’s privacy. The police have now submitted all evidence to Israeli prosecutors, who will conduct a review and decide whether to enact these charges. 

Related Reading: FDIC Warns Of Crypto’s Legal And Fraud Risks For US Banks – Here’s Why

Investment Scams Still An Issue In The Crypto Space?

In recent years, investment scams have become one of the major issues in the crypto space. According to a report by TRM Labs, investors lost over $9 billion to scams and fraud in 2022. 

In March 2023, the United States Federal Bureau of Investigation (FBI) released its annual Internet Crime Report, claiming that an estimated $10 billion was lost to online scams in 2022. 

According to the FBI, fraudulent investment schemes resulted in losses of about $3.31 billion in 2022. Crypto investment scams accounted for 77.6% of these figures, surging by more than 183% from $907 million in  2021 to $2.57 billion in 2022.

crypto

Total crypto market cap valued at $1.043 trillion on the weekly chart | Source: TOTAL chart on Tradingview.com
Featured image from Business Wire, chart from Tradingview
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Semilore Faleti

Semilore Faleti

Follow

Semilore Faleti works as a crypto-journalist at Bitconist, providing the latest updates on blockchain developments, crypto regulations, and the DeFi ecosystem. He is a strong crypto enthusiast passionate about covering the growing footprint of blockchain technology in the financial world.

Full Profile

Related Posts

crypto

Crypto Ponzi Scheme Ruling: EminiFX Founder Ordered To Repay $228 Million

2 weeks ago
crypto

New Zealand Man Arrested In $265 Million Crypto Scam

3 months ago
crypto

Crypto Scam: Brazilian Judge Issues 128-Year Sentence To $190-M Ponzi Mastermind

4 months ago
Crypto

Crypto Podcaster Jailed For 45 Months In Fraud Case – Details

5 months ago
Crypto

Crypto Scam: US Authorities Indict Las Vegas Man In $24 Million Ponzi Scheme

6 months ago
Crypto

Crypto Ponzi Scheme Leader Sentenced To 10 Years By US Court

10 months ago

Premium Sponsors

Press Releases

  • Bitget and Bitget Wallet Support Trading of Over 100...

    6 minutes ago
  • miner

    XRP Price From a High of $3.65 to a Low of $2.72: How GMO...

    3 hours ago
  • miner

    7 Trending Crypto Mining Apps This Year That Give Free...

    5 hours ago
  • mining

    6 Most Reliable Crypto Mining Software to Help Miners...

    6 hours ago
  • MemeCore...

    12 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.