Feds charge Amalgam founder with stealing $1M via ‘sham’ blockchain
A US grand jury indicted Jeremy Jordan-Jones, founder of Amalgam Capital Ventures, for defrauding investors of over $1 million through a fraudulent blockchain scheme. He faces charges including wire fraud, securities fraud, and aggravated identity theft. Allegations state that Jordan-Jones misrepresented his company as a groundbreaking startup while it was a sham, using investor funds to support a lavish lifestyle. From January 2021 to November 2022, he deceived investors and banks with fake documents and misleading claims, claiming to offer blockchain solutions while having no legitimate products or partnerships. Instead of investing in technology, he spent the money on luxury items. Jordan-Jones submitted a fake bank statement to secure a credit card, despite the account being closed. The charges could lead to decades in prison, with the government seeking forfeiture of assets linked to the fraud.
