Token

Ponzi

FOMO

<p><strong>Key Points</strong>:</p>   
<ul class="wp-block-list">
  
 <li><em>Horst Jicha’s crypto fraud escape unfolded after his ankle monitor failed, leaving authorities scrambling to locate him after skipping his court appearance.</em></li>   
 <li><em>The crypto fraud escape follows Jicha’s $5M bond release, with law enforcement now pursuing the scammer accused of running a $150M crypto Ponzi scheme.</em></li> 
</ul>   
<h5 class="wp-block-heading"><strong>Horst Jicha, accused of crypto fraud, escaped NYC home detention after his ankle monitor malfunctioned, evading a $5M bond. The crypto fraud escape now has authorities searching for him.</strong></h5>   
<figure class="wp-block-image aligncenter size-large">
 <a href="https://coincu.com/wp-content/uploads/2024/10/telegram-cloud-photo-size-5-6080006909273947913-y.jpg"><img src="https://coincu.com/wp-content/uploads/2024/10/telegram-cloud-photo-size-5-6080006909273947913-y-1024x576.jpg" alt="Crypto Fraud Escape Scammer Flees NYC on $5M Bond" class="wp-image-286940"></a>
 <figcaption class="wp-element-caption"> 
 </figcaption>
</figure>   
<h2 class="wp-block-heading" id="strong-horst-jicha-s-crypto-fraud-escape-from-nyc-strong"><strong>Horst Jicha’s Crypto Fraud Escape from NYC</strong></h2>   
<p>Horst Jicha, a German fraudster, disappeared in New York while on a $5M bond. He had been accused of operating the USI Tech $150M Ponzi scheme, which promised investors 140% returns. <a href="https://www.dlnews.com/articles/regulation/crypto-fraudster-pulls-houdini-escapes-five-million-usd-bond/" target="_blank" rel="noreferrer noopener">According to DL News</a>, prosecutors are attempting to get the hunt for him underway after his anklet detector stops sending signals, freeing him to skip court dates.</p>   
<p class="has-background" style="background-color:#222222"><strong>Read more: <a href="https://coincu.com/286504-fbi-nexfundai-token-accused-violating-contract/" target="_blank" data-type="link" data-id="https://coincu.com/286504-fbi-nexfundai-token-accused-violating-contract/" rel="noreferrer noopener">FBI NexFundAI Token Accused of Violating MIT License Despite $200K Cap</a></strong></p>   
<h2 class="wp-block-heading" id="strong-rising-crypto-fraud-losses-in-2023-reported-by-fbi-strong"><strong>Rising Crypto Fraud Losses in 2023 Reported by FBI</strong></h2>   
<p>Crypto fraud is flying high: the IC3 said it received more than 69,000 complaints in 2023 with losses of $5.6B. While crypto fraud comprises just 10% of all financial fraud cases, these scams are responsible for nearly half of all dollars lost due to bad actors leveraging FOMO to target consumers.</p>   
<figure class="wp-block-table">
 <table class="has-luminous-vivid-orange-color has-text-color has-link-color">
  <tbody>
   <tr>
    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
   </tr>
  </tbody>
 </table>
</figure>

Crypto Fraud Escape Scammer Flees NYC on $5M Bond

Table of Contents

Coincu

Other articles published on Oct 14, 2024

US Crypto ETFs Surge with $350M in New Inflows

SUI Begins the Week with New All-Time High Amid Market Optimism

Ethereum Price Prediction: ETH Price Poised to Hit $6000 But Here’s a Twist!

Analysts Say “We Are Cautious Despite The Rise” In Bitcoin, Explained The Reason

Missed Solana (SOL) and Fantom (FTM) Rallies? This Crypto Below $0.10 Will Easily Beat Them in 2025

Crypto Losses in 2024 Soar to $2.11 Billion, Surpassing 2023’s Annual Total: Report

Join our free newsletter for daily crypto updates!