“Crypto entrepreneur charged with defrauding investors out of $150 million through marketing scheme”
January 24, 2024
“Federal prosecutors on Friday announced charges against a German businessman, alleging he scammed investors out of more than $150 million in a crypto fraud scheme.
Prosecutors said Horst Jicha promoted USI Tech, the company he founded and helmed as its CEO, as a crypto mining and trading platform “accessible to the average retail investor.” But in actuality, Jicha and two unnamed co-conspirators, both USI Tech executives, lured and defrauded investors in a “multilevel marketing scheme,” prosecutors allege…”
https://www.cnbc.com/2024/01/19/crypto-entrepreneur-charged-defrauding-investors-scam.html
People when someone offers something that sounds to good to be true it is almost always a scam. Don’t get caught up in the hype or your feelings. The better something sounds online the more cautious one has to be.