Arizona man pleads guilty to multi-million dollar investment fraud

Jeremie Andrew Sowerby, a 48-year-old man from Fountain Hills, Arizona, has pleaded guilty to wire fraud in connection with multiple investment schemes operating between 2017 and 2023.

Sowerby admitted to three distinct fraudulent operations. First, he defrauded approximately 400 victims of at least $7.5 million through a cryptocurrency investment scheme involving Now Mining, VIP Mining, and Millennium Technologies. Second, he defrauded at least 150 victims through Dunamis Global Technologies by selling non-existent cryptocurrency mining machines and charging for nonexistent storage and power costs. Finally, he admitted to defrauding an individual of $207,000 through Justice Capital, a scheme marketed as a hedge fund utilizing a bot algorithm.

As part of his plea agreement, Sowerby has agreed to pay up to $30 million in restitution to victims across various entities, including Now Mining, Dunamis Global Technologies, and Justice Capital. A conviction for wire fraud carries a maximum penalty of 20 years in prison. Sentencing is scheduled for October 14, 2026.