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Crypto entrepreneur faces potential prosecution in Israel related to $290M scam: Report

According to an Aug. 23 report from The Times of Israel, the national police force recommended to prosecutors that Hogeg be charged with fraud, theft, money laundering and sex crimes, accusing the Israeli citizen of raising $290 million from investors for crypto projects under false pretenses. The entrepreneur had been previously detained by Israeli authorities in November 2021 for allegedly engaging in unlawful activities, including fraud involving cryptocurrency, for which he spent roughly a month under house arrest.

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Source: Cryptocurrency - investing.com

IMF frees $7.5 billion for Argentina, lowers bar for economy targets

China’s deflation could spill over into a global concern, economists say