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BTCC / BTCC Square / Global Cryptocurrency /
Amalgam Founder Charged With Fraud Over $1M ’Sham Blockchain’ Scheme

Amalgam Founder Charged With Fraud Over $1M ’Sham Blockchain’ Scheme

Author:
Global Cryptocurrency
Published:
2025-05-21 20:29:36
21
2

Jeremy Jordan-Jones, founder of defunct crypto startup Amalgam, faces fraud charges for allegedly operating a fictitious blockchain operation. Prosecutors claim he fabricated partnerships with major sports teams and restaurant chains to solicit over $1 million from investors.

The funds were purportedly diverted to finance personal luxuries rather than developing the promised point-of-sale payment systems. No actual blockchain infrastructure existed despite claims of partnerships with the Golden State Warriors and a Premier League soccer club.

|Square

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