The Israeli prosecutors plan to file cases like fraud, theft, and tax evasion against Moshe Hogeg for raising $290 million for four crypto startups but used the money for his personal interests.
News reports have emerged that solidify arrest rumors surrounding Celsius Network CFO Yarom Shalem in Tel Aviv, allegedly in relation to investor fraud worth tens of millions of U.S. dollars.
Tether has provided a loan to Celsius Network and was the lead investor in a US$30 million funding round in 2020 for the so-called “cryptocurrency bank.”
Beitar Jerusalem football club owner was among those arrested over allegedly defrauding millions of shekels from investors, but he has denied the charges.
Sirin Labs, Stox and Leadcoin raised over $250 million in their respective token sales, but according to the employees, the operators directed the funds to their own personal expenses.
Moshe Hogeg might not be a thief, but a lot of people would say otherwise. The Israeli cryptocurrency entrepreneur is defending himself once again against a lawsuit from a scorned investor.
