New York prosecutors reported that Horst Jicha, the former CEO of USI-Tech, a crypto mining and trading firm, has fled home detention after tampering with his ankle bracelet monitor. Jicha, a German national, was arrested in Miami in 2023 after entering the US for the first time in five years. He had fled the country in 2018 due to cease-and-desist letters from US authorities. Facing securities fraud and money laundering charges, Jicha promised investors daily returns through USI-Tech's scheme. Prosecutors allege over $180 million in Bitcoin and Ether is missing from the scheme, with funds transferred to Jicha's control. USI-Tech, founded in Europe in 2017, targeted US investors before shutting down in 2018. Jicha's case is set for trial, with ongoing efforts to capture him as he remains at large. Read more AI-generated news on: https://app.chaingpt.org/news

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