🚨 Breaking News: $150 Million Crypto Scam Unveils Shocking Fraud - USI Tech CEO Arrested! ⚖️💔
In a major development, Horst Jicha, CEO of USI Tech, a German businessman, is facing serious charges for orchestrating a crypto fraud scheme that allegedly scammed investors out of over $150 million. The charges include securities fraud, wire fraud, and money laundering, as revealed by federal prosecutors on Friday. 🕵️♂️💻
1. The Fraud Scheme Unveiled:
Jicha and two co-conspirators stand accused of luring and defrauding investors through a deceptive multilevel marketing scheme, portraying USI Tech as a legitimate crypto mining and trading platform accessible to retail investors. The alleged promises of up to 140% returns turned out to be a facade.
2. Deceptive Promotions and False Claims:
The trio actively promoted USI Tech in 2017 through events and social media, falsely asserting the platform's legality. Shockingly, one co-conspirator claimed at an event in Pennsylvania that the platform had SEC approval from the "very top SEC attorney." As regulators investigated in 2018, Jicha abruptly shut down U.S. operations, trapping investors and preventing withdrawals.
3. Legal Response and Defense:
Attorneys representing Jicha, Marissel Descalzo and David Tarras, expressed the difficulty for investors facing losses and vowed to vigorously defend Jicha. They aim to present facts regarding his involvement with USI Tech, seeking justice against the alleged bad actors.
4. U.S. Authorities Crack Down:
The U.S. Attorney’s office emphasized the severity of the charges, underlining Jicha's use of a multilevel marketing scheme to defraud U.S. investors excited about crypto. Breon Peace, U.S. Attorney for the Eastern District of New York, committed to prosecuting criminals, regardless of origin, who deceive U.S. investors.
🔍 Stay Informed, Stay Safe: Beware of Fraudulent Schemes!
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