Serial MLM crypto Ponzi scammer Jeremie Sowerby has been indicted and arrested once more, this time for Softek and Justice Capital associated fraud.
As per an indictment filed on November 14th, Sowerby (proper) defrauded an Arizona investor out of $207,000.
Sowerby stole the cash
underneath the guise of a purported risk-free funding with assured returns.
The “funding” and “earnings” had been an phantasm. Sowerby stole (the) cash and used it for his personal private wants.
Sowerby’s alleged misconduct passed off between 2021 to July 2023, by way of the businesses Softek LLC and Justice Capital.
Softek LLC was registered as Wyoming and Nevada shell corporations in September 2021. Sowerby used the corporate to ascertain a Financial institution of America account, by way of which he laundered investor funds.
Nevada lastly revoked Softek LLC’s registration in July 2023. Wyoming isn’t cited as taking any motion.
Justice Capital ran from the web site “perpetualjustice.com”. Regardless of the title, Justice Capital had nothing to do with justice.
Sowerby used the corporate to perpetuate a fraudulent crypto mining funding scheme.
In advertising and marketing Justice Capital to a cited sufferer (H.C.),
Sowerby defined that Justice Capital was a hedge fund, provided solely to high-income earners.
In response to Sowerby, as of December 2022, there have been roughly 100 traders in Justice Capital.
Sowerby defined to H.C. that the funding was tied to the inventory market and traded utilizing a “bot” algorithm involving AU inventory.
H.C. went on to take a position $207,000 into Justice Capital.
H.C. by no means earned any return on the funding and was by no means in a position to get the unique funding returned.
As an alternative of investing H.C.’s cash as promised, Sowerby as an alternative used the cash to acquire cashier’s checks.
One verify was made payable to 888 Administration LLC, which is an entity Sowerby owns.
Sowerby’s second indictment sees him charged with three counts of wire fraud and one depend of cash laundering. Forfeiture of ill-gotten positive aspects can be being sought.
Sowerby, an unlawful immigrant from Canada, was indicted for Now Mining Ponzi scamming in September.
In a submitting opposing Sowerby’s launch (he was additionally arrested in September), the DOJ revealed Sowerby is going through a number of pending indictments.
Sowerby stays in custody in Arizona pending ongoing felony proceedings.