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German National Accused Of $150 Million Crypto Fraud Evades Capture

  • Horst Jicha, a German national charged with orchestrating a $150 million crypto fraud scheme, has become a fugitive after failing to appear in a Brooklyn federal court.
  • Jicha was reportedly under home detention in New York City, having secured a $5 million bond guaranteed by his domestic partner and children.
  • Facing multiple charges of securities fraud and conspiracy related to a multi-level marketing scheme known as USI Tech, Jicha’s trial is scheduled for March 31.
  • Prosecutors allege that he misled retail investors by promising high returns and ultimately siphoning off millions in investor funds.

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