Jicha was under home detention in New York City on a $5 million bond guaranteed by his domestic partner and children before allegedly tampering with his ankle bracelet and disappearing, according to the report, which cited a statement made by the U.S. attorney’s office to a judge.
The alleged fraudster is supposed to go to trial in March to answer for "multiple charges of securities fraud and conspiracy related to a multi-level marketing scheme known as USI Tech," CNBC said. Jicha was arrested last December in Florida, according to the report.
The $150 million valuation comes from "missing money in the scam" that was held in Ethereum and bitcoin, the report said. Jicha allegedly lied to investors, promising them 140% returns in 140 days by investing in either bitcoin mining or "trading operations."
A spokesperson for the U.S. attorney’s office said prosecutors planned to forfeit the bond, which means they will try and obtain $4 million "personally guaranteed by Jicha’s partner, children and three other people, all of whom live in Germany."
While Jicha's whereabouts are unknown, court documents show he has lived in Spain and Brazil.
Disclaimer: mindflare.shop is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of mindflare.shop. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. mindflare.shop continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 mindflare.shop All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
The serial fraudster Horst Jicha is on the run and is now wanted by the FBI.
ReplyDeleteHe is probably hiding in Europe with his wife Ewa Jicha.
So there is still a little hope that we can get our stolen money back.
For all users with links to Germany or Switzerland, please contact your local FBI office
or the nearest American embassy or consulate.
With your help we will get these pathetic felons.