Moshe Hogeg, the owner of the Beitar Jerusalem soccer club and an at-times celebrated entrepreneur and investor, has faced his fair share of legal troubles in recent years. The 40-year-old Tel Aviv resident has been sued numerous times since 2018, both in the US and in Israel, for allegedly misleading and defrauding investors and partners in various projects involving digital currencies, dummy companies, and a $1,000 blockchain smartphone that never quite made it to market.
On Thursday, Hogeg and seven other suspects were arrested as part of an Israel Police operation on suspicion of involvement in an alleged massive fraud scheme related to cryptocurrencies. Police said that the suspects operated over a long period of time, “in cooperation and in a systematic manner, while defrauding investors in a number of projects in the field of cryptocurrencies.”
Law enforcement said each suspect “pocketed millions of shekels, while making false presentations to potential investors to invest in seemingly profitable ventures.”
According to court documents, Hogeg is suspected of 21 offenses, including money laundering, theft, and fraud, as well as crimes entailing sexual and moral turpitude currently under gag order.
Earlier this month, a well-known model said that Hogeg sexually assaulted her years ago, when she was 17. Channel 13 cited the model saying Hogeg entered her hotel room and tried to force himself on her, but she managed to fend him off. Hogeg denied the accusation and said the sexual interaction was consensual, adding that he had taken a lie detector test confirming his version.