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$150M Crypto Scheme Leader Vanishes From US Detention, Active Manhunt Underway

0M Crypto Scheme Leader Vanishes From US Detention, Active Manhunt UnderwayA 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 […]

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Alleged crypto fraudster on the run after tampering ankle bracelet

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.

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Ripple, Coinbase, Kraken Bet Big on Pro-Crypto Trump, Paving the Way for Crypto’s Bright Future