Horst Jicha skips bail in $150 million USI Tech crypto fraud case in New York
Briefly

Horst Jicha, charged with overseeing a $150 million cryptocurrency fraud, became a fugitive after failing to appear in court, suspected of tampering with his ankle monitor.
Prosecutors stated, 'There's a very active investigation underway to capture him.' Following his disappearance, they announced plans to forfeit the $4 million bond backed by his relatives.
After a notice regarding his malfunctioning ankle monitor, Horst Jicha was instructed to visit Pretrial Services but failed to comply, leading to his legal predicament.
U.S. Attorney's Office plans to pursue the bond forfeiture after Jicha's non-appearance at his trial. He was previously detained under strict monitoring conditions.
Read at www.cnbc.com
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