Crypto entrepreneur faces potential prosecution in Israel related to $290M scam: Report

Israeli entrepreneur Moshe Hogeg has been accused by police of defrauding investors out of $290 million through crypto scams and has been recommended to be charged with fraud, theft, money laundering, and sex crimes.

cointelegraph.com

Relevant topic timeline:

8/21/2023

The Rot of the Crypto Economy Goes Deeper Than Sam Bankman-Fried

Sam Bankman-Fried, the crypto mogul who was once hailed as a philanthropic billionaire, is now facing fraud and money laundering charges and awaits trial while being held in a notorious federal facility; however, this does not indicate the end of the crypto scam economy as other high-profile figures are also facing similar legal troubles.

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