DOJ Charges Amalgam Blockchain Founder with Fraud Offenses

May 22, 2025

What to Know:

DOJ charges Amalgam blockchain founder for fraud offenses.
Over $1 million allegedly defrauded from investors.
Includes wire fraud, securities fraud, and identity theft.

doj-charges-amalgam-blockchain-founder-with-fraud-offenses — DOJ Charges Amalgam Blockchain Founder with Fraud Offenses

Authorities have charged Jeremy Jordan-Jones, claiming to be Amalgam Capital Ventures’ founder, by the DOJ for alleged substantial fraud, reported from New York.

DOJ Accuses Founder of $1 Million Fraud

The DOJ has charged Jeremy Jordan-Jones with multiple fraud counts related to Amalgam Capital Ventures. Falsified financial records were allegedly used to deceive investors and banks.

Jordan-Jones is accused of leveraging false claims about blockchain technology partnerships. Leading this case is U.S. Attorney Jay Clayton with FBI collaboration.

Investors React to Alleged Misappropriation

The charges resulted in a spotlight on increased fraud scrutiny within the cryptocurrency industry. Investor confidence in blockchain projects has been reportedly shaken.

Financially, alleged misappropriation caused direct losses exceeding $1 million for investors. The broader crypto market faces challenges over credibility and regulatory demands.

Crypto Fraud Prosecutions on the Rise

Jordan-Jones’s case follows a trend of rising crypto-related fraud prosecutions, reflecting similar patterns of deception observed in recent years, marked by growing losses.

Experts suggest such cases underscore the ongoing vigilance required in crypto investments, emphasizing the role of stringent legal measures to mitigate risks.

“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.” — Jay Clayton, U.S. Attorney source

Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor.

Thane Morrison

Thane Morrison is a diligent crypto news author and keen blockchain and digital finance enthusiast. He writes insightfully correct engaging content on Bitcoin, altcoins, DeFi, and NFTs to help readers understand how this relentless, changing world works. Simplification and empowerment are what he really stands for and enables readers to keep their heads in the game when making vital decisions in such a demanding space.