Fun

Israeli Police Arrest Beitar Jerusalem Owner and 7 Suspects in Multimillion-Dollar Crypto Fraud

News Feed - 2021-11-20 12:11:10

Israeli Police Arrest Beitar Jerusalem Owner and 7 Suspects in Multimillion-Dollar Crypto Fraud


Israeli police have arrested eight suspects in connection with a cryptocurrency fraud scheme after raiding their homes and seizing evidence. One of the suspects is Moshe Hogeg, a well-known owner of the premier soccer team Beitar Jerusalem Football Club. 8 People Arrested in Crypto Fraud Scheme in Israel


Israeli police arrested eight suspects Thursday allegedly stealing tens of millions of shekels in a cryptocurrency fraud scheme.


The arrests were made after officers from the police’s Lahav 433 anti-corruption unit raided the suspects’ homes and offices. They gathered evidence and seized items related to the investigation. The investigation lasted several months and unearthed suspected money laundering and tax offenses, the police detailed.


One of the suspects is Moshe Hogeg, an owner of Beitar Jerusalem Football Club, an Israeli professional soccer club that plays in the Israeli Premier League.


The police explained that the suspects operated a cryptocurrency fraud scheme “in a systematic manner“ over a long period of time. Noting that they defrauded investors in several crypto projects, the police said: Each pocketed millions of shekels while making false presentations to potential investors to invest in seemingly profitable ventures.


In addition to cryptocurrency fraud, police said Hogeg is suspected of having committed sexual crimes. Hogeg has denied both allegations.


Hogeg and several others were sued in May by former employees of an Israeli venture capital fund who claim that three of Israel’s largest initial coin offerings (ICOs) in 2017 and 2018 were outright scams. The three ICOs, launched by Sirin Labs, Stx Technologies Ltd. (Stox), and Leadcoin, collectively raised $250 million from investors worldwide.


Attorneys Moshe Mazor and Amit Hadad representing Hogeg said Thursday that his client “vehemently denies the suspicions against him and is cooperating fully with investigators.” They added: We are sure that at the end of the investigation it will become clear that there are no grounds to the allegations against him. Tags in this story Crypto Fraud, cryptocurrency fraud, israel, Israeli, israeli police, jerusalem fc soccer club, Moshe Hogeg, soccer team


What do you think about this case? Let us know in the comments section below. Sports Illustrated Awards Sweepstakes Sponsored by FTX to Give Away 1 Bitcoin NEWS | 10 hours ago Ross Ulbricht"s NFT Collection to Be Auctioned via Superrare at Art Basel Miami NEWS | 12 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleWhile Speculators Believe Bitcoin’s Third-Largest Wallet Is a Mystery Whale, Onchain Data Suggests It’s an Exchange Next articleFloki Inu Cryptocurrency Ads Under Investigation in UK Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItSotheby’s to Bring Down the Hammer in Ethereum on 2 Iconic Banksy Paintings


Sotheby’s, the British-founded American luxury auction house, has announced the company will be selling Banksy works for real-time bids in ethereum at “The Now Evening Auction” on November 18. While the upcoming auction will have pieces from highly acclaimed artists ... read more.Austria Plans to Tax Cryptocurrencies Like Stocks, Vows Equal Treatment Hong Kong Company Onedegree to Offer Insurance for Cryptocurrencies 13,000 BTC Moved in 20 Months — 2010 Mystery Miner Transfers Another String of 20 Decade-Old Block Rewards Over 3 Million Customers Can Earn Bitcoin Points Dining at 500 Restaurants via Landry"s Rewards Program

News Feed

Mid-Way Cool Down: Analysts Believe Bitcoin Price Cycle Is Incomplete, Trader Says BTC’s ‘Next Move Should Be Cycle’s Top’
Mid-Way Cool Down: Analysts Believe Bitcoin Price Cycle Is Incomplete, Trader Says BTC’s "Next Move Should Be Cycle"s Top" The price of bitcoin is down 16% over the last 30 days
Central Bank of Brazil Chooses Nine Institutions to Study Digital Real Possibilities
Central Bank of Brazil Chooses Nine Institutions to Study Digital Real Possibilities The Central Bank of Brazil and Fenasbac, the National Federation of Associations of Central Ban
SBTC Plummets by 99% as Devs Announce Dissolution of Token
SBTC Plummets by 99% as Devs Announce Dissolution of TokenThe price of SBTC plunged by nearly 98% in just over an hour on September 21 as devs announced the dissolution of the token
CFTC Takes Action Against Crypto Options ‘Ponzi Scheme’
A purported cryptocurrency and foreign exchange investment firm is in hot water with the U.S. Commodity Futures Trading Commission (CFTC) and stands accused of operating like a Ponzi scheme.
BTC, ETH, ADA, BNB Ranked the Most Watched Crypto Assets in 2022
BTC, ETH, ADA, BNB Ranked the Most Watched Crypto Assets in 2022 Today’s top ten crypto assets make up a large portion of the crypto economy’s current $797.95 billion
Turner Wright3 hours agoChangpeng Zhao’s tweet ‘contributed’ to collapse of FTX, claims Caroline EllisonThe former Alameda Research CEO placed part of the blame for FTX’s failure on CZ, while the Binance CEO clai
Tristan Greene5 hours agoGoogle and Goldman Sachs-backed AI firm AlphaSense raises $150M at $2.5B valuationAlphaSense’s client list now includes most of the S&P 500 and nearly every firm listed in the Dow 50.1495 T
Crypto Exchange Binance Ceases Trading in Singapore Dollars to Comply With Regulations
Crypto Exchange Binance Ceases Trading in Singapore Dollars to Comply With Regulations Cryptocurrency exchange Binance has announced that it will cease offering trading pairs and p
GBTC Manager Insists the ‘Holdings of Grayscale’s Digital Asset Products Are Safe and Secure’
GBTC Manager Insists the ‘Holdings of Grayscale’s Digital Asset Products Are Safe and Secure’ On Nov. 18, 2022, at 5:47 p.m. (ET), Grayscale Investments’ official Twit
Finance School Bentley University Now Accepts Cryptocurrency Payments for Tuition
Finance School Bentley University Now Accepts Cryptocurrency Payments for Tuition Bentley University, the private university located in Waltham, Massachusetts, has revealed it now
Ana Paula Pereira3 hours agoUK court grants appeal from Craig Wright in Bitcoin rights lawsuitThe decision reverses a prior ruling, allowing Craig Wright to appeal a lawsuit claiming copyright to the Bitcoin white paper
India’s Cryptocurrency Legislation Will Be ‘Distinct and Unique,’ Says Lawmaker
India"s Cryptocurrency Legislation Will Be "Distinct and Unique," Says Lawmaker The chairman of India’s Parliamentary Standing Committee on Finance explains that cryptocurre