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.