Horst Jicha lived in Brazil and Spain before his arrest in the alleged USI Tech scam, where investors were promised huge returns on bitcoin mining an
A German national who was under home detention on a $5 million bond in a case in which he was charged with overseeing a $150 million cryptocurrency fraud is now a fugitive.
After noticing that Jicha's ankle bracelet was not working, Pretrial Services officials sent him an email directing him to visit their office the next day. Jicha did not show up, the prosecutor told U.S. District Court Judge Orelia Merchant. Investors were told that there were two ways they could make money: First, they could invest in what were purportedly bitcoin mining and trading operations. They could also earn commissions for referring others to buy USI Tech products, the indictment against Jicha says.
Court records show that Jicha's $5 million release bond was guaranteed and signed in January by his domestic partner Ewa Jicha, as well as by Jicha's adult
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