US authorities have reportedly launched a manhunt investigation to capture a German man charged with operating a $150 million crypto fraud. Horst Jicha skipped a scheduled appearance in Brooklyn federal court earlier this month and is now a fugitive, per a recent report from CNBC. Earlier this year, the U.S. Attorney’s Office for the Eastern […]
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A German national accused of orchestrating a $150 million cryptocurrency fraud is now a fugitive after allegedly tampering with his ankle monitor while on home detention in New York. Prosecutors say he led a multi-level marketing scheme, promising massive returns, before siphoning off millions in cryptocurrency and disappearing just before his trial. An active investigation […]
USI-Tech’s former CEO Horst Jicha was placed under home detention in New York on a $5 million bond guaranteed by his partner and children before fleeing.
A man doing home detention for his alleged involvement in a $180 million cryptocurrency fraud scheme is apparently on the run after he tampered with his ankle braclet monitor, New York prosecutors said.
Horst Jicha, the former CEO of purported crypto mining and trading firm USI-Tech, is believed to have “tampered with his ankle bracelet” on Oct. 4 and “absconded in violation of his pretrial conditions,” an Oct. 10 court filing states.
Pretrial Services alerted the government approximately 12 hours after Jicha’s bracelet stopped working, nearly immediately seeking an arrest warrant against the fugitive.
