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U.S. ATTORNEY

Fountain Hills man to pay $30M restitution in cryptocurrency fraud scheme

A 48-year-old Fountain Hills man pleaded guilty earlier this month to wire fraud and admitted scamming hundreds of victims in a series of investment schemes from 2017 to 2023, authorities said Tuesday.

Jeremie Andrew Sowerby’s plea resolves charges filed against him in three separate criminal cases. Sentencing is scheduled for Oct. 14, according to the Arizona district of the U.S. Attorney’s Office.

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.

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