A great American jury has accused the founder of the Startup of Blockchain Amalgam Capital Ventures for accusations that he disappointed investors of more than $ 1 million with a fake block chain.
Jeremy Jordan-Jones was arrested and accused on May 21 and accused of electronic fraud, fraud of values, making false statements to a bank and theft of aggravated identity, said the Department of Justice on May 21.
The United States prosecutor of Manhattan, Jay Clayton, said that Jordan-Jones “promoted his company as an innovative blockchain startup”, but claimed that, in reality, the “company was a farce, and investors’ funds were diverted to finance their luxurious lifestyle.”
The deputy director of the FBI, Christopher Raia, claimed that Jordan-Jones defrauded investors of more than 1 million dollars through “misrepresentations of the capacities, associations and investment intentions of his alleged company.”
Raia said the “flagrant lies” of the founder of Amalgam financed his personal lifestyle at the expense of unknown victims.
According to an accusation presented in a Federal Court in Manhattan, from January 2021 to November 2022, Jordan-Jones deceived investors and financial institutions that use manufactured documents, false sports associations and deceptive claims, which finally appropriated more than $ 1 million for personal use.
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Amalgam claimed to offer point of sale systems and safety and payment solutions based on blockchain, according to the presentation.
The accusation claimed that the company did not have “operable products, few, if any, of zero legitimate commercial associations.”
The presentation claimed that, instead of channeling the funds on technological development and cryptography exchange listings as promised, Jordan-Jones spent money on luxury vehicles, high-end vacations, clothing and elegant restaurants in Miami.
The positions have been in prison decades
Jordan-Jones was also accused of presenting a false bank extract that claimed that Amalgam maintained more than $ 18 million to secure a credit card of the company, but prosecutors said there were no funds in the bank account and that it had closed at the end of 2021.
Cable fraud and security fraud carry potential sanctions up to 20 years in prison on behalf of, while making false statements to a bank entails up to 30 years.
Jordan-Jones was also accused of a position of aggravated identity theft, which entails a mandatory sentence of two years in prison.
The Government seeks loss of property or money traceable for fraud, including substitute assets if the original funds are not available.
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