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.
