Jay Clayton, the United States Attorney for the Southern District of New York, along with Christopher G. Raia, Assistant Director in Charge of the FBI's New York Field Office, announced charges against Jeremy Jordan-Jones. The indictment accuses Jordan-Jones of wire fraud, securities fraud, making false statements to a bank, and aggravated identity theft. He was arrested and is expected to appear before U.S. Magistrate Judge Robert W. Lehrburger. The case will be overseen by U.S. District Judge Arun Subramanian.
"As alleged, Jordan-Jones, capitalizing on the publicity around blockchain technology, perpetrated a brazen scheme to defraud investors," stated U.S. Attorney Jay Clayton. "He touted his company as a groundbreaking blockchain startup, backed by high-profile partnerships. In reality, Jordan-Jones’s company was a sham, and investors’ funds were siphoned off to bankroll his lavish lifestyle."
FBI Assistant Director Christopher G. Raia commented: "Jeremy Jordan-Jones allegedly defrauded investors of more than one million dollars through misrepresentations of his purported company's capabilities, partnerships, and investment intentions."
The indictment claims that from January 2021 through November 2022, Jordan-Jones engaged in fraudulent activities through Amalgam Capital Ventures ("Amalgam"), which he claimed offered point-of-sale systems and blockchain-based solutions. Allegedly falsifying financial documents and misrepresenting business partnerships and product functionality, he secured over $1 million from investors for personal use.
Jordan-Jones faces charges with significant potential prison sentences: up to 20 years each for wire fraud and securities fraud; up to 30 years for making false statements to a financial institution; and a mandatory two-year sentence for aggravated identity theft.
Clayton praised the FBI's work and acknowledged the parallel civil action filed by the U.S. Securities and Exchange Commission.
Assistant U.S. Attorney Marguerite B. Colson is leading the prosecution under the Office’s Securities and Commodities Task Force.
The charges are allegations at this stage; Jordan-Jones is presumed innocent until proven guilty.
