Crypto CEO Horst Jicha skips bond in fraud case
Horst Jicha discussing cryptocurrency.
Source: Team Business Global | YouTube
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.
“There’s a very active investigation underway to capture him,” said John Marzulli, a spokesman for the Brooklyn U.S. attorney’s office, on Friday, a day after the defendant, Horst Jicha, failed to appear in Brooklyn federal court as scheduled.
“We are going to forfeit the bond,” Marzulli added, meaning that prosecutors will seek to obtain the $4 million portion of the bond that was personally guaranteed by Jicha’s partner,…
