Fountain Hills Man Pleads Guilty to Multi-Million Dollar Cryptocurrency and Investment Fraud Scheme
Jeremie Sowerby, a resident of Fountain Hills, Arizona, has pleaded guilty to wire fraud after orchestrating a series of investment fraud schemes that defrauded over 500 individuals of millions of dollars between 2017 and 2023. According to the U.S. Attorney’s Office for the District of Arizona, Sowerby admitted to defrauding more than 400 people of at least $7.5 million through cryptocurrency schemes under the guise of fake entities like Now Mining, VIP Mining, and Millennium Technologies from 2017 to 2018. Subsequently, from 2018 to 2019, he defrauded at least 150 individuals through Dunamis Global Technologies by convincing them to purchase non-existent cryptocurrency mining machines, resulting in losses of several millions. His final admitted scheme, Justice Capital (2021-2023), marketed as a hedge fund for high-income earners using a 'bot' algorithm, led to one victim losing $207,000. Sowerby faces a maximum penalty of 20 years in prison and has agreed to pay up to $30 million in restitution. 
