Government mentioned they arrested Jicha and unsealed an indictment containing 4 fees towards him — securities fraud and conspiracies to dedicate securities fraud, cord fraud and cash laundering — after he entered the U.S. for the primary time in additional than 5 years on Dec. 23, heading to Miami for holiday. He was once arraigned in Brooklyn federal court docket Friday morning.Prosecutors allege that the corporate falsely claimed on its site, in social media posts and at in-person occasions that buyers may earn up to 140% returns on crypto investments made via its platform.Across the spring of 2017, Jicha and his co-conspirators started “aggressively selling” USI Tech, prosecutors mentioned. There have been are living occasions, together with one in Valley Forge, Pennsylvania, the place considered one of Jicha’s co-conspirators claimed USI Tech’s legality have been blessed via “the very best SEC lawyer,” in line with the indictment.In 2018, as regulators started scrutinizing USI Tech, prosecutors alleged that Jicha terminated the corporate’s U.S. operations, combating buyers from retreating their cash. Since then, round $150 million of that cash has been transferred to accounts managed via Jicha, prosecutors mentioned Friday.”It is all the time tricky when buyers have suffered losses by the hands of sure unhealthy actors,” Marissel Descalzo and David Tarras, Jicha’s lawyers, wrote in a observation. “We sit up for zealously protecting the allegations towards Mr. Jicha and bringing forth the details of his involvement with USI Tech in hopes that the unhealthy actors can be delivered to justice.”WATCH: How bitcoin misplaced via profitable
