Horst Jicha, the former CEO of USI-Tech, a company involved in an alleged $180 million cryptocurrency fraud, is reportedly on the run after tampering with his ankle monitoring bracelet. Jicha had been under home detention in New York with a $5 million bond, which was secured by his partner and children.
According to court filings, Jicha disabled the ankle monitor on October 4, violating his pretrial conditions. Pretrial Services notified authorities roughly 12 hours after the monitor stopped working, prompting an immediate search and a request for an arrest warrant.
Jicha, a German national, had been arrested in December 2023 in Miami after re-entering the U.S. for the first time in over five years. He had previously fled the country in 2018 following cease-and-desist orders from U.S. regulators.
His pretrial release terms required him to remain in home detention, and his passport was confiscated, making international travel difficult. Jicha was scheduled to face trial in March for charges related to securities fraud and money laundering, tied to his involvement with USI-Tech.
Efforts to recapture Jicha are ongoing, and authorities have launched an active investigation.
Summary Review: Horst Jicha, former CEO of USI–Tech, is on the run after tampering with his ankle monitor during home detention in New York. Charged with involvement in a $180 million crypto fraud, Jicha fled after violating his pretrial conditions. Authorities have launched a manhunt, and his trial for securities fraud and money laundering was set for March.
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