Senator Tommy Morrison won't say a word about his role in a Ponzi scheme that drained hundreds of thousands of dollars from Guam residents.

After USI-Tech held a recruitment event in Guam last June, hundreds of locals poured money into the bitcoin mining operation. Cyrus Luhr, a Guam investor who lost heavily in the scheme, estimates total losses on the island ran into the hundreds of thousands. Among those who invested deeply was Morrison himself—one of five administrators of a private USI-Tech Facebook group that counted over 300 members.

When the Guam Daily Post approached Morrison for comment on Luhr's complaint to the Attorney General's Office, the senator refused. In an email, Morrison wrote: "I don't believe it's appropriate for me to comment on the email that was sent to various agencies and organizations referencing USI-Tech."

That response raises serious questions. Morrison, elected in 2016 on a platform of delivering "enhanced customer service to the community through advanced technology," appears to have led his constituents directly into a global fraud scheme. He hasn't explained his involvement or how much he personally invested. Financial documents filed with the Guam Election Commission show Morrison disclosed $60,000 in "bitcoin mining shares" in 2016. Whether he made additional money recruiting others into the scheme remains unknown.

Texas regulators were the first to act, issuing an emergency cease and desist order against USI-Tech. That prompted Luhr to file his own complaint with Guam's Attorney General. The status of that investigation is unclear.

Meanwhile, the scheme has accelerated its collapse. USI-Tech has suspended all US and Canadian affiliate withdrawals. In a stunning move, $18.3 million worth of ethereum vanished from a mining pool account bearing the USI-Tech name. That sum would have been enough to deliver a 140 percent return on investment to roughly $13 million in investors—before accounting for recruitment commissions and transaction fees.

The scale is staggering. Last September, USI-Tech co-founder Horst Jicha claimed the company had attracted approximately €350 million in investments, or about $418 million USD.

Morrison has served in the Guam legislature since November 2016. His constituents are entitled to know how their elected representative became entangled in a multi-million dollar fraud. If the Attorney General's Office or the Department of Revenue and Taxation demand answers, Morrison will have to provide more than a "no comment" to the people who voted him in.

🤖 Quick Answer

What is USI-Tech and how did it operate in Guam?
USI-Tech was a bitcoin mining operation that conducted recruitment events in Guam, attracting hundreds of local investors who contributed substantial sums of money. The scheme was later identified as a Ponzi operation, resulting in significant financial losses for Guam residents estimated in the hundreds of thousands of dollars.

Who is Senator Tommy Morrison's connection to USI-Tech?
Senator Tommy Morrison was one of five administrators of a private USI-Tech Facebook group on the platform, which had over 300 members. He personally invested deeply in the scheme alongside other Guam residents who participated in the bitcoin mining operation.

What was Morrison's response to inquiries about the USI-Tech scandal?
When approached by the Guam Daily Post for comment regarding an investor's complaint to the Attorney General's Office, Senator Morrison declined to provide a statement,

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