Beitar Jerusalem owner among suspects nabbed for alleged massive crypto fraud

Police say they have arrested eight suspects, including Beiter Jerusalem soccer team owner Moshe Hogeg, on suspicion of involvement in an alleged massive fraud related to cryptocurrencies.

Hogeg is suspected of fraud, conspiracy to commit fraud and money laundering to the tune of hundreds of millions of dollars involving cryptocurrencies. He is also accused of sex crimes, but there is a gag order on publishing specifics.

He and the other suspects were brought today before the Rishon Lezion Magistrate’s Court, which ordered his remand be extended until Wednesday.

Police say the suspects operated over a lengthy period of time, “in tandem and in a systematic manner, while deceiving investors in a number of projects in the field of cryptocurrencies.”

Before the suspects’ identities were cleared for publication, Hogeg canceled a planned online conference on cryptocurrencies scheduled for this evening.

“It’s all for the best,” he writes in a Facebook post.