Israeli police say ex-soccer team owner defrauded investors in $290 million crypto scam: Bloomberg

Quick Take

  • Moshe Hogeg, the former owner of an Israeli Premier League soccer team, should be charged with fraud, theft, money laundering, forgery and tax offense, Israel’s national police said on Wednesday.

Israel police alleged that ex-soccer team owner Moshe Hogeg and his partners defrauded investors of $290 million in a cryptocurrency scam, according to Bloomberg News

Hogeg, who was the former owner of an Israeli Premier League soccer team, should be charged with fraud, theft, money laundering, forgery and tax offense, the national police said on Wednesday. That recommendation was submitted to Israeli prosecutors, who will decide whether to pursue charges, Bloomberg reported. 

Bloomberg reached out to Hogeg’s attorney, who did not immediately respond to a request for comment. 

A widespread investigation

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