A crypto CEO accused of stealing bitcoin and ether currently payment extra than $170 million has long gone on the slip after tampering with his ankle tag, prosecutors announced on Thursday.
In line with an October 10 submitting in New York, sixty-four-yr-long-established Horst Jicha “tampered with his ankle bracelet on Friday, October 4, 2024, and has absconded in violation of his pretrial stipulations.”
Pretrial companies reportedly alerted the executive 12 hours after the bracelet stopped working and an arrest warrant was once requested that evening.
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German citizen Jicha ran USI-Tech, an alleged multi-stage marketing and marketing scheme that claimed to be a crypto-mining funding firm. From December 2017, USI-Tech got various live and desist letters from US and Canadian securities authorities earlier than shutting down in January 2018.
After this Jicha halted withdrawals and blamed merchants for the shutdown, accusing them of misrepresenting the firm. He then allegedly disregarded investor complaints and between 2017 and 2018, moved USI’s crypto holdings (payment ~$94 million at the time of the indictment) to a crypto legend below his name.
Jicha, who had lived originate air the US for five years, was once arrested at some level of a 2023 trudge in Miami. At this level, the lacking 1,774 bitcoins and 28,589 ether had been payment $150 million and he was once charged with cash laundering, wire fraud conspiracy, and securities fraud.
Jicha was once launched on bail with a $5 million bond and therefore moved to New York the attach he remained below dwelling arrest. In line with the New York Day-to-day Records, his felony professional last contacted him on September 28.
