PHOENIX โ Charges continue to pile up against a Valley man accused of defrauding investors of millions of dollars through cryptocurrency investment schemes.
A federal grand jury on Tuesday returned a new 50-count indictment for wire fraud and transactional money laundering against Jeremie Sowerby of Fountain Hills, the Announced by the United States Attorney's Office for the District of Arizona.
It was the third federal indictment against Sowerby, 45, since September.
In the latest case, Sowerby allegedly defrauded at least 150 people out of millions of dollars by convincing them to invest in a fake cryptocurrency mining company called Dunamis Global Technologies.
Prosecutors say he bought Teslas, houses, cryptocurrencies and other big-ticket items with the stolen money.
What else is the Fountain Hills resident accused of?
In September 2023, Sowerby and Luis Ortega, 42, of Litchfield Park They were accused for 55 counts of wire fraud and transactional money laundering in a separate crypto investment scheme.
Sowerby was also charged in November for allegedly defrauding an Arizona doctor out of $207,000.
Sowerby could face decades in prison and hundreds of thousands of dollars in fines if convicted.
Authorities are working to identify more potential victims of Sowerby's fraud schemes. The FBI created a Web page with more information, including a form to submit information.
