A Fountain Hills man, Jeremie Andrew Sowerby, has pleaded guilty to Wire Fraud and admitted to scamming hundreds of victims through a series of investment fraud schemes spanning from 2017 through 2023.
According to the Department of Justice, Sowerby’s plea resolves charges filed against him in three separate criminal cases.
As part of his plea, Sowerby admitted to defrauding approximately 400 victims from 2017 through 2018 in a cryptocurrency investment scheme under the guise of three entities: Now Mining, VIP Mining, and Millennium Technologies. Sowerby represented himself as a multi-level marketing promoter and defrauded victims of at least $7.5 million. Sowerby was indicted for this scheme alongside a co-defendant, Luis Ortega, against whom the charges are still pending.
Sowerby also admitted to defrauding at least 150 victims through Dumanis Global Technologies from 2018 through 2019. Sowerby convinced victims to buy cryptocurrency mining machines, along with their monthly storage and power costs, but the machines did not actually exist. Victims of the Dunamis scheme suffered several million dollars in losses.
Finally, Sowerby admitted to engaging in a scheme called Justice Capital from 2021 through 2023, which was marketed as a hedge fund offered only to high-income earners. Justice Capital allegedly traded using a “bot” algorithm. Through Justice Capital, Sowerby admitted to defrauding an individual out of $207,000.
A conviction for Wire Fraud carries a maximum penalty of 20 years in prison.
As part of his plea agreement, Sowerby agreed to pay restitution of up to $30 million to victims of his schemes involving the following companies: Now Mining, VIP Mining, Millennium Technologies, Dunamis Global Technologies, SOFTEK, LLC, Justice Capital, Stealth Capital, FX Primary, Phoenix Ultra, Limitless Trading, Block Mint, Block X (BLKX), Digital Mint, 888 Management, Kannabiz Koin (KK), Kannabiz Monkeez, My Blockchain Life, My Block X, and We Sell Miners.
Sowerby’s sentencing is scheduled for Oct. 14, 2026.
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