Crypto Israeli investor and prominent businessman Moshe Hogeg is set to face charges for his alleged involvement in a $290 million scam, according to a report by Bloomberg on Wednesday.

Over the last two years, Hogeg has been investigated by the Israeli Police for allegedly duping thousands of investors through several proposed crypto businesses. 

Hogeg’s Involvement In Crypto Scam

Before entering the crypto industry, Moshe Hogeg was a renowned entrepreneur with several businesses. Among them was Mobil, a media-sharing website that drew investments from notable figures such as tennis player Serena Williams and film actor Leonardo DiCaprio.

Hogeg, the former football club Beitar Jerusalem FC owner, began his digital asset journey by launching the Alignment Blockchain Hub, a …