Highlights
- Jeremie Sowerby of Fountain Hills pleaded guilty to wire fraud covering schemes that ran from 2017 to 2023.
- More than 500 victims lost money across at least six named entities, including Now Mining, Dunamis Global Technologies, and Justice Capital.
- Sowerby agreed to pay restitution of up to $30 million; sentencing is scheduled for Oct. 14, with a maximum penalty of 20 years in prison.
- Co-defendant Luis Ortega, charged in the cryptocurrency mining scheme, has not yet resolved his case.
A Fountain Hills man faces up to 20 years in federal prison after pleading guilty earlier this month to wire fraud, admitting he defrauded more than 500 people through a series of investment schemes that ran from 2017 to 2023, according to the U.S. Attorney's Office for the District of Arizona.
Jeremie Sowerby entered the guilty plea resolving charges filed against him in three separate criminal cases. Sentencing is scheduled for Oct. 14.
The schemes broke into three distinct phases. From 2017 to 2018, Sowerby told authorities he defrauded over 400 people through a cryptocurrency scheme operating under three fake entities: Now Mining, VIP Mining, and Millennium Technologies. He represented himself as a multilevel marketing promoter and took at least $7.5 million from victims. He was indicted in that scheme alongside co-defendant Luis Ortega, whose charges remain pending.
From 2018 to 2019, Sowerby admitted defrauding at least 150 people through Dunamis Global Technologies by convincing them to purchase cryptocurrency mining machines that did not exist. Victims in that scheme lost several millions of dollars, according to the U.S. Attorney's Office. The IRS Criminal Investigation division and KJZZ both reported on the federal charges as they were filed.
The third phase, from 2021 to 2023, involved Justice Capital, which Sowerby marketed as a hedge fund available only to high-income earners and claimed traded using a "bot" algorithm, according to authorities. That scheme resulted in at least one victim losing $207,000.
As part of the plea agreement, Sowerby agreed to pay restitution of up to $30 million to victims across a roster of entities that includes 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.
Prosecutors say some victims have been identified but others have not come forward. Anyone who believes Sowerby or Ortega defrauded them can contact the Victim Witness Section at the U.S. Attorney's Office for the District of Arizona at usaaz.victimassist@usdoj.gov.
Sowerby's sentencing before the U.S. District Court for the District of Arizona is set for Oct. 14.
Where to find them
- Justice Capital · justicecapital.org
- Stealth Capital · stealthcap.io
Sources
Every factual claim in this article traces to one of the sources below. See how we work for the editorial process.
- AZ Family (3TV/CBS5) retrieved 19/08/2026 01:25
- Justice Capital (official site) retrieved 19/08/2026 01:25
- Stealth Capital (official site) retrieved 19/08/2026 01:25
Authored by The Scottsdale Signal. Drafted by AI from primary-source material under our beat-specific editorial guides; reviewed by humans before publish under our five-gate process. Sources retrieved at 19/08/2026 01:25. Every claim traces to a source.
