"The German founder of USI Tech, a crypto mining company and digital-asset trading platform, was charged by federal prosecutors in New York with defrauding investors of about $150 million in an illegal multilevel marketing scheme.
I am not interested in clicking the link and still, I am certain he came up with a cloud-mining company. This news is a trade mark example as to how cloud mining companies work.
Horst Jicha, 64, faces securities fraud, money laundering, wire fraud and other charges, authorities said Friday. After promising investors returns of as much as 140%, he shut down the USI online platform and transferred much of its Bitcoin and Ether assets to accounts he controlled, according to an indictment. He was arrested Dec. 23 while attempting to vacation in Miami, prosecutors said."
He is the bigger fish or he may not be looking at his age, but one thing I am sure of is that he trusted some young guys who are responsible for his problem. Grandpa will not rot in a cell till he dies and goes somewhere. It is quite bad as I feel he was the name and identity for those who committed the crime, as I cannot expect my elders to handle their smart phone properly.
American legislation does not like discrimination by gender and age; everyone is equal before the law.
