According to reports, the U.S. Department of Justice has charged Jeremy Jordan-Jones, founder of 'Amalgam Blockchain,' with telecommunications and securities fraud involving more than $1 million through false partnerships and token schemes. Jordan-Jones is accused of falsely claiming that Amalgam had partnerships with well-known sports leagues and payment platforms, using this misinformation to deceive investors and fund his luxurious lifestyle. He also forged financial statements and promised that funds would be used for token launches and technological expenses, but instead misappropriated the funds.