A US Grand Jury has indicated the foundchain startup founder Amalgam Capital Ventures due to allegations that he has cheated investors from over $ 1 million with a fake blockchain.
Jeremy Jordan-Jones was arrested and accused on May 21 and was charged with wire fraud, security fraud, making false statements at a bank, and intensified identity theft, the Department of Justice Says on May 21.
Manhattan US lawyer Jay Clayton claimed Jordan-Jones “tout his company as a groundbreaking blockchain startup,” but it is said, in fact, the “company is a shame, and investors’ funds have been touched to bankroll his luxurious lifestyle.”
FBI’s assistant director Christopher Raia said Jordan-Jones defraudes investors more than 1 million dollars by “incorrectly stating the capabilities of its purported company, partnerships, and investment intentions.”
Raia claimed the “blatant lies” of amalgam funded “by her personal lifestyle at the expense of unknown victims.
According to a Pag -akusa Filed in a federal Manhattan court, from January 2021 to November 2022, Jordan-Jones cheated on investors and financial institutions that use documents activities, fake sports partnerships, and misleading claims, which ultimately incorrect approval of more than $ 1 million for personal use.
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Amalgam claimed to offer point-of-sale systems and payment and security solutions based on blockchain, filing states.
The accusation that the firm claims is “no operating products, few, if any, customers, and zero legitimate business partnerships.”
The filing said that instead of channel of tech development funds and crypto exchange lists as promised, Jordan-Jones spent money on expensive vehicles, high-end vacations, clothing and fancy restaurants in Miami.
Charges bring decades to prison
Jordan-Jones was also accused of submitting a fake bank statement claiming Amalgam to hold more than $ 18 million to secure a company credit card, but prosecutors claimed that there was no bank account fund and it was closed in late 2021.
Wire fraud And security fraud brings potential penalties for up to 20 years in prison per number, while making false statements in a bank carries up to 30 years.
Jordan-Jones also charged with a number of aggravated Identity theftbringing a commanded sentence of two years to prison.
The government is looking for a resistance to any money or money that can be traced to fraud, including replacement allegedly if original funds are not available.
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