Accused $150M Crypto Fraudster Turns Fugitive After Disabling Ankle Monitor – Decrypt

https://decrypt.co/285882/accused-150m-crypto-fraudster-fugitive

4 Comments

  1. tldr; Horst Jicha, a German national accused of a $150 million crypto fraud, has become a fugitive after disabling his ankle monitor and failing to appear in court. Jicha was facing charges related to the USI Tech cryptocurrency scheme, which allegedly defrauded investors. He was on a $5 million bond and under house arrest. Authorities are actively investigating to capture him. Jicha is accused of absconding with investors’ funds, primarily in Bitcoin and Ethereum.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

  2. Every_Hunt_160 on

    I guess you need a certain amount of intelligence to be able to scam 150 million after all

  3. If you have 150M fraud and have a chance lose only 5M, yah, no brainer.

    Who’s given out these type of bail and think people will not run?