U.S. authorities have cracked down on Jeremy Jordan-Jones, the founder of Amalgam Capital Ventures, accusing him of orchestrating a major crypto investment scam. According to the indictment, he misled investors and raised $1 million, only to spend the funds on a lavish personal lifestyle.

🕵️‍♂️ The FBI, SEC, and the Department of Justice have all taken action. Jones now faces charges including wire fraud, securities fraud, false statements to a bank, and aggravated identity theft. If convicted, he could face up to 72 years in prison.

A Startup Built on Lies

Jordan-Jones pitched his company as a revolutionary blockchain firm, supposedly developing high-end payment and cashier systems. He boasted about major partnerships and even showcased fake product demos, claiming the company was preparing to launch a native token on global exchanges. But according to the DOJ, none of it was real—there were no clients, no real partnerships, and no operational technology.

📉 While investors were left empty-handed, Jones was allegedly forging bank records to secure loans and investments he then used for personal gain.

A Landmark Case Against Crypto Fraud

Prosecutors called the case a textbook example of tech-driven deception. “Fraudsters often hide behind the promise of innovation,” said former SEC Chair Jay Clayton.

Meanwhile, the SEC has filed a parallel civil lawsuit, and the FBI has emphasized that Jones is far from an isolated case. Crypto-related scams are escalating rapidly—in 2024 alone, the FBI received over 140,000 crypto fraud complaints, amounting to $9.3 billion in reported losses.

Crypto Booms While Scams Multiply

Despite ongoing fraud cases, the digital asset market is soaring. Bitcoin recently hit a new all-time high of $111,800, while total crypto market capitalization surpassed $3.5 trillion.



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