The co-founder of cryptocurrency Tomi, Moshe Hogeg, is facing investor concerns and potential prison time for an alleged crypto scam. Tomi's token, $TOMI, experienced a significant decline in value from its peak of $6.59 to just $0.05, leading investors to believe they have been defrauded. Hogeg's previous ventures have also faced similar issues. He was previously arrested in 2021 following a lawsuit from colleagues, accusing him of encouraging investments and hosting illicit activities. Israeli authorities are considering charging Hogeg with fraud, theft, money laundering, forgery, and tax offenses. However, a decision has been delayed due to a recent attack by Hamas. Investors continue to express concerns and accuse Tomi of minting more tokens and dumping them on investors.



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