Amalgam Founder Exposed in $1M Crypto Scam
The founder of Amalgam just got smoked by the feds. Jeremy Jordan-Jones is now facing major legal heat after allegedly scamming investors out of over $1 million through fake crypto dreams and made-up partnerships.
He told people Amalgam was building next-gen blockchain point-of-sale systems. Sounded legit — until prosecutors dropped the receipts. Turns out Jordan-Jones faked collabs with the Golden State Warriors, a Premier League soccer team, and even a massive restaurant chain with 500+ locations. None of it was real.
Instead of building tech, he was balling in Miami — spending investor cash on high-end hotels, fancy cars, and designer fits. One major VC, Brown Venture Group, was told the funds would get Amalgam’s token listed on an exchange. Spoiler: it didn’t.
The U.S. Attorney didn’t hold back, calling the whole thing “brazen” and warning future scammers that their time is coming. It gets worse: Jordan-Jones also allegedly used fake docs to get a business credit card, then racked up $350K before the bank pulled the plug.
Now he’s facing charges for wire fraud, securities fraud, lying to banks, and aggravated identity theft. If convicted, dude could be locked up for 82 years.
It’s another cautionary tale in crypto — when the founder’s flexing more than coding, that’s your red flag.
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