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USI Tech CEO Charged for $150M Crypto Fraud Scheme

source-logo  coingape.com 20 January 2024 04:55, UTC

Horst Jicha, the CEO of USI Tech, is facing severe charges for orchestrating a fraudulent scheme that deceived investors out of $150 million. Jicha, a 64-year-old German national, was arrested in December, marking a significant turn in a saga that began in 2018 with cease and desist letters from U.S. and Canadian regulators.

coingape.com