ARIZONA NEWS

Valley man indicted for third alleged cryptocurrency investment scheme

Dec 19, 2023, 8:00 PM

Closeup of a hand holding three different cryptocurrency coins...

Jeremie Sowerby of Fountain Hills, Arizona, was indicted for an alleged cryptocurrency investment scheme on Tuesday, Dec. 19, 2023. (Pexels Photo)

(Pexels Photo)

PHOENIX — The charges continue to pile up against a Valley man accused of bilking millions of dollars from investors through cryptocurrency investment schemes.

A federal grand jury on Tuesday handed down a new 50-count indictment for wire fraud and transactional money laundering against Jeremie Sowerby of Fountain Hills, the U.S. Attorney’s Office for the District of Arizona announced.

It was the third federal indictment against Sowerby, 45, since September.

In the latest case, Sowerby allegedly scammed at least 150 people out of millions of dollars by convincing them to invest in a bogus cryptocurrency mining company called Dunamis Global Technologies.

Prosecutors say he bought Teslas, homes, cryptocurrency and other expensive items with the stolen money.

What else is the Fountain Hills resident accused of?

In September 2023, Sowerby and 42-year-old Luis Ortega of Litchfield Park were indicted on 55 counts of wire fraud and transactional money laundering in a seperate crypto investment scheme.

Sowerby also was indicted in November for allegedly scamming an Arizona physician 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 set up a web page with more information, including a form to submit information.

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

Arizona congressional races...

KTAR.com

Arizona’s 9 congressional seats are up for grabs; who is winning each race?

One Arizona congressional race remained highly competitive as of Thursday night, while the state's eight other U.S. House contests were pretty much settled.

3 hours ago

The five Maricopa County Board of Supervisors seats were up for grabs during the 2024 election....

KTAR.com

2 Maricopa County supervisor races remain tight, other 3 are blowouts

Two Maricopa County Board of Supervisors races remain too close to call, while the three other contests are blowouts.

4 hours ago

David Schweikert and Amish Shah...

KTAR.com

Incumbent David Schweikert leads Amish Shah in Arizona CD1 race

Republican Rep. David Schweikert held a lead over Democrat Amish Shah in the race for Arizona Congressional District 1 as of Saturday night.

4 hours ago

The winner of the 18th annual wildlife photo contest for Arizona Game and Fish Department was chose...

Roxanne De La Rosa

Winner chosen for 18th annual Arizona Game and Fish Department photo contest

The winner of the 18th annual wildlife photo contest for Arizona Game and Fish Department was chosen out of more than 800 entries.

4 hours ago

Donald Trump is leading Kamala Harris in Arizona's presidential race....

KTAR.com

Donald Trump projected over Kamala Harris in race for president in Arizona

Four years after Donald Trump became the first Republican presidential candidate since 1996 to lose Arizona, he reclaimed the state's 11 electoral votes.

5 hours ago

A Phoenix man was sentenced to seven years in prison followed by three years of supervised probatio...

Roxanne De La Rosa

Phoenix man sentenced to 7 years in prison for assaulting officers

A man was sentenced to seven years in prison followed by three years of supervised probation for assaulting police officers.

6 hours ago

Sponsored Articles

...

DISC Desert Institute for Spine Care

The best methods to make your back pain disappear for good

Are you struggling with back pain that will not go away?

...

Day & Night Air Conditioning, Heating and Plumbing

It wouldn’t hurt to get your AC checked after Arizona’s excruciating heat wave

A well-maintained air conditioning unit is vital to living a comfortable life inside, away from triple-digit heat in Arizona.

...

Dr. Shanyn Lancaster, Family & Sports Medicine physician, Midwestern University Comprehensive Care Clinic – Central Phoenix

Exercise is truly your best medicine

“You never slow down, you never grow old”. – Tom Petty

Valley man indicted for third alleged cryptocurrency investment scheme