Moshe Hogeg is the founder of Sirin Labs and is the focus of our article as he is being sued for non-payment of bills to Foxconn International Holdings (FIH).

The plaintiff told FIH that Hogg and his associates owe the company $6 million.

The “FIH” company filed the lawsuit in the “Tel Aviv” court, according to a report issued by the Israeli business newspaper calculator.

In the lawsuit filed, FIH says it manufactured 10,000 units of Finney’s blockchain-powered smartphones for Sirin Labs.

In the years that followed, FIH reportedly tried to get its payments from Hogg.

The merits of the case date back to 2017, when Sirin Labs first contacted FIH to produce the blockchain phone.

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Production of the phone, which has been described as the next big thing in the blockchain world, has begun.

In March 2018, Hogg was heavily involved in the production process, including making design choices for the phone.

Once FIH finished producing the smartphone, FIH billed Sirin Labs for $2.7 million for parts, development and production work.

FIH told FIH that Sirin has accumulated debts of $3.2 million in parts and labor.

In the ensuing months, Sirin made various excuses for not paying.

The Swiss-based company claimed that “bureaucrats” at the bank refused to allow them to convert digital currencies into fiat currencies.

The following was stated in the FIH lawsuit:

In practice, the defendants evaded their debts in every possible way and denied their liability to the company.

It turns out that there is no truth to what they claim.

Despite failing to pay for the first batch of 10,000 smartphones, Sirin asked FIH to produce another 10,000 phones for the Indonesian market.

She claimed that the money she would make would cover all the debts.

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The Finney smartphone was announced in November 2018 by Sirin Labs.

The company described the phone as the first of its kind, claiming that it will change how users interact with blockchain technology.

However, Sirin did not go according to plan, as there was not much demand for the phone.

In the four months following the launch, Sirin had to lay off 25% of its staff due to declining sales.

It is worth noting that Hoggage was previously sued last July by a Canadian investor for allegedly making a fraudulent offer (ICO).

The investor claimed that Hoggage managed to raise $34 million by selling worthless Stox tokens.

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