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Top related persons:
Horst Jicha - 2 Jicha - 2 John Marzulli - 1 Marzulli - 1 Horst - 1 Orelia Merchant - 1 Prosecutors - 1 Jicha's - 1
Top related locs:
New York City Brooklyn Germany of New York German Miami Valley Forge , Pennsylvania U.S
Top related orgs:
U.S - 2 Brooklyn U.S - 1 CNBC - 1 Eastern - 1 of - 1 USI Tech - 1 Authorities - 1 Prosecutors - 1

Search resuls for: "USI Tech"


2 mentions found


☆ Horst Jicha skips bail in $150 million USI Tech crypto fraud case in New York
  + stars: | 2024-10-11 | by ( Dan Mangan Mackenzie Sigalos | Dan Mangan | Mackenzie Sigalos | ) www.cnbc.com   time to read: +1 min
A German national who was under home detention in New York City on a $5 million bond guaranteed by his domestic partner and children in a case in which he was charged with overseeing a $150 million cryptocurrency fraud is now a fugitive. After noticing that Jicha's ankle bracelet was not working, Pretrial Services officials sent him an email directing him to visit their office the next day. Jicha did not show up, the prosecutor told U.S. District Court Judge Orelia Merchant. Only then did Pretrial Services inform prosecutors that Jicha's ankle bracelet had ceased working, 26 hours after becoming aware of that fact, the prosecutor told the judge. CNBC has requested comment from Pretrial Services in Brooklyn federal court.
Persons: John Marzulli, Horst Jicha, Marzulli, Horst, Jicha, Orelia Merchant Organizations: Brooklyn U.S, U.S, CNBC Locations: New York City, Brooklyn, Germany
☆ Crypto entrepreneur charged with defrauding investors out of $150 million through marketing scheme
  + stars: | 2024-01-19 | by ( Alex Koller | ) www.cnbc.com   time to read: +2 min
Federal prosecutors on Friday announced charges against a German businessman, alleging he scammed investors out of more than $150 million in a crypto fraud scheme. But in actuality, Jicha and two unnamed co-conspirators, both USI Tech executives, lured and defrauded investors in a "multilevel marketing scheme," prosecutors allege. Around the spring of 2017, Jicha and his co-conspirators began "aggressively promoting" USI Tech, prosecutors said. In 2018, as regulators began scrutinizing USI Tech, prosecutors alleged that Jicha terminated the company's U.S. operations, preventing investors from withdrawing their money. Since then, around $150 million of that money has been transferred to accounts controlled by Jicha, prosecutors said Friday.
Persons: Prosecutors, Horst Jicha, Jicha, Jicha's, It's, Descalzo, David Tarras Organizations: U.S, Eastern, of, USI Tech, Authorities, Prosecutors, Tech, SEC, Jicha Locations: of New York, Brooklyn, New York City, German, Miami, Valley Forge , Pennsylvania, U.S
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