Blockchain Startup Founder Indicted for Investor Fraud

Jeremy Jordan-Jones, founder of blockchain startup Amalgam Capital Ventures, has been indicted by a U.S. grand jury on charges of defrauding investors out of over $1 million. The indictment, announced by the Department of Justice on May 21, cites wire fraud, securities fraud, making false statements to a bank, and aggravated identity theft as the basis for these allegations. Manhattan U.S. Attorney Jay Clayton claims that Jordan-Jones falsely portrayed his company as an innovative blockchain startup, but it was allegedly a sham operation designed to deceive investors.