The prosecutors accused Jeremy Jordan-Jones, the self-proclaimed founder of an cryptography startup now disappeared called Amalgam, with fraud, alleging that he had defrauded investors in his “fictitious blockchain” of more than $ 1 million, using money to finance a sumptuous lifestyle.
According to prosecutors, Jordan-Jones painted amalgam as a technology company which has created points of sale payment systems based on blockchain, which, according to him, had several million dollars partnerships with sports teams, including the Golden State Warriors and a professional football team in the Premier League in England, as well as a large conglomerate with more than 500 restaurants. None of these partnerships existed, prosecutors said. Jordan-Jones would also have asked investments in potential investors by telling them that money would be used to facilitate the list of the nonexistent cryptographic token of amalgam on an crypto exchange.
While running stories for investors-including a venture capital company, identified in an article in Forbes in 2022 as a Brown venture capital group-Prosecutors say that Jordan-Jones was blowing their money on a luxurious lifestyle for itself, including “hotels and restaurants in Miami”, cargo payments and creator clothes.
“Jordan-Jones, capitalizing on advertising around blockchain technology, committed a cheeky program to defraud investors,” American lawyer Jay Clayton said in a press announcement on Tuesday. “He presented his business as a revolutionary blockchain startup, supported by very publicized partnerships. In reality, the company of Jordan-Jones was an imposture, and the investor funds were siphoned to make financial fraudsters. Cut their diagrams. »»
In addition, the prosecutors accused Jordan-Jones of providing falsified documents to a financial institution, which he used to fraudulently obtain a company credit card, which increases a balance of $ 350,000 before closing his account.
Jordan -Jones was accused of a thread -of -fishermen’s accusation chief, fraud in securities, making false statements to a financial institution and aggravated identity theft – accusations which bear a maximum combined sentence of 82 years in prison. The accusation of aggravated identity theft has a compulsory minimum sentence of two years.
