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    <p>Police in Israel have officially recommended that controversial hard-partying entrepreneur Moshe Hogeg and seven unnamed partners be charged with defrauding investors out of nearly $300 million in a crypto scam.</p> 
    <p>As reported by Bloomberg, the potential charges, which include fraud, theft, money laundering, forgery, and tax offenses, follow a two-year investigation during which police seized assets, collected 900 pieces of evidence, and questioned 180 witnesses.</p> 
    <p>It’s <a rel="noopener noreferrer nofollow" title="alleged" href="https://thebittimes.com/tag/alleged.html">alleged</a> that Hogeg and his associates took <strong>millions of dollars</strong> from <a rel="noopener noreferrer nofollow" title="Israel" href="https://thebittimes.com/tag/israel.html">Israel</a>i and foreign investors on the understanding that the money would be invested in four <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> start-ups. However, they apparently put the funds to their own personal use.</p> 
    <p>Prosecutors will now decide whether to act on the recommendation.</p> 
    <h2 class="wp-block-heading" id="h-hogeg-s-offices-hosted-drug-fuelled-orgies">Hogeg’s offices hosted drug-fuelled orgies</h2> 
    <p>Hogeg was arrested back in 2021 at the offices of Beitar Jerusalem FC, the soccer club he owned until August 2022.</p> 
    <p>The arrest came six months after two of his employees filed a lawsuit against Hogeg claiming that they were <strong>encouraged to persuade family and friends to invest in three projects that were subsequently rugged</strong>.</p> 
    <p>The complaint filed by the employees also alleged that Hogeg had used the headquarters of his crypto enterprises as “executive pleasure apartments” which played host to sex and drug-fuelled parties.</p> 
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        Hard-partying crypto heavyweight Moshe Hogeg arrested for fraud, sex offenses 
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    <p><em>Read more:&nbsp;<a rel="noopener noreferrer nofollow" title="Moshe Hogeg" href="https://thebittimes.com/tag/moshe-hogeg.html">Moshe Hogeg</a>’s <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> HQ was ‘executive pleasure apartment,’ say employees</em></p> 
    <p>At the time of Hogeg’s arrest, police said in a statement: “The accused acted jointly in a systematic manner, while deceiving investors in a number of projects in the field of <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies.</p> 
    <p>“Each pocketed millions of shekels <strong>while making false presentations to potential investors</strong> to invest in seemingly profitable ventures.”</p> 
    <p><em>Got a tip? Send us an email or ProtonMail. For more informed news, follow us on&nbsp;</em><em>Twitter</em><em>,&nbsp;</em><em>Instagram</em><em>,&nbsp;</em><em>Bluesky</em><em>, and&nbsp;</em><em>Google News</em><em>, or subscribe to our&nbsp;</em><em>YouTube</em><em>&nbsp;channel.</em></p> 
    <p><strong><em>Edit 16:45 UTC, Aug 23:&nbsp;</em></strong><em>Updated to clarify that, while police recommend that Hogeg is charged with the alleged offences, prosecutors are yet to do so.</em></p> 
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Police want party animal and alleged crypto scammer Moshe Hogeg charged with fraud

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