Feds charge Amalgam founder with stealing $1M via ‘sham’ blockchain

A US grand jury has indicted the founder of blockchain startup Amalgam Capital Ventures over allegations he defrauded investors out of over $1 million with a fake blockchain. Jeremy Jordan-Jones was arrested and indicted on May 21 and charged with wire fraud, securities fraud, making false statements to a bank, and aggravated identity theft, the Department of Justice said on May 21.   Manhattan US Attorney Jay Clayton claimed Jordan-Jones “touted his company as a groundbreaking blockchain startup,” but alleged that, in reality, the “company was a sham, and investors’ funds were siphoned off to bankroll his lavish lifestyle. ”FBI Assistant Director Christopher Raia alleged that Jordan-Jones defrauded investors of more than 1 million dollars through “misrepresentations of his purported company's capabilities, partnerships, and investment intentions source: https://cointelegraph.com/news/feds-charge-amalgam-founder-stealing-one-million-sham-blockchain?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound