Creator of crypto startup Amalgam Capital Ventures detained in the US
The founder of crypto startup Amalgam Capital Ventures, Jeremy Jordan-Jones, has been arrested on fraud charges, the New York prosecutor's office reported.

According to the investigation, Jordan-Jones created the company in 2021 and positioned it as an innovative crypto project developing blockchain-based solutions for payment infrastructure. He convinced potential investors that the company cooperated with famous sports clubs and large digital payment platforms, and also promised that the funds raised would be used to list its own token on top cryptocurrency platforms.
However, it turned out that all these statements were lies - Amalgam Capital had no real products, partnerships or client base. Instead of implementing the promised projects, the businessman fabricated bank statements and presented false financial reports in order to obtain investments and loans from people who trusted him. As part of the investigation, it was established that Jordan-Jones used the attracted money for his own needs, which included expensive trips, stays in elite hotels, visits to restaurants, purchase of cars and designer clothes.
The prosecutor called the defendant's actions "a brazen fraud," noting that the scheme cost private investors and the Brown Venture Group more than $1 million. If convicted on all counts, the man could face up to 72 years in prison, one of the longest sentences for economic crimes in U.S. history.