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### Arrest and Charges against Jicha

Authorities arrested Jicha and unsealed an indictment containing four charges against him — securities fraud, conspiracies to commit securities fraud, wire fraud, and money laundering — after he entered the U.S. for the first time in more than five years on Dec. 23, heading to Miami for vacation. He was arraigned in Brooklyn federal court Friday morning.

### Illegal Claims and Actions

According to prosecutors, the company falsely claimed on its website, in social media posts, and at in-person events that investors could earn as much as 140% returns on crypto investments made through its platform.

Around the spring of 2017, Jicha and his co-conspirators began “aggressively promoting” USI Tech, with live events and false claims of SEC approval at in-person events.

### Allegations of Money Transfers and Shutdown

In 2018, as regulators began scrutinizing USI Tech, prosecutors alleged that Jicha terminated the company’s U.S. operations, preventing investors from withdrawing their money. Since then, around $150 million of that money has been transferred to accounts controlled by Jicha, prosecutors said Friday.

### Defense Statement

“It’s always difficult when investors have suffered losses at the hands of certain bad actors,” said Marissel Descalzo and David Tarras, Jicha’s attorneys. “We look forward to zealously defending the allegations against Mr. Jicha and bringing forth the facts of his involvement with USI Tech in hopes that the bad actors will be brought to justice.”

### How AI legalese decoder Can Help

AI legalese decoder can help in this situation by analyzing and decoding the legal jargon used in the indictment, making it easier for legal professionals to understand the charges and evidence against Jicha. It can also assist in identifying any misleading or fraudulent statements made by the company and its representatives, helping to build a stronger defense strategy. Additionally, the AI legalese decoder can help in uncovering any potential loopholes or inconsistencies in the prosecution’s case, providing valuable insights for the defense team.

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