Jeremie Sowerby, Wire Fraud, Arizona 2023

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Arizona Man Charged with Defrauding Local Physician Out of $207,000

Phoenix, AZ – In a shocking case of investment fraud, Jeremie Sowerby, 45, of Fountain Hills, Arizona, has been charged with wire fraud and transactional money laundering after allegedly scamming a local physician out of $207,000.

According to a federal indictment, Sowerby convinced the victim-investor to put their money into a purported risk-free investment opportunity called "Justice Capital." He claimed that the investment would use a "bot" algorithm to invest in a product tied to the stock market, with guaranteed rates of return that could be withdrawn in cash or Bitcoin at any time.

However, instead of investing the money as promised, Sowerby allegedly stole it for himself, using part of it to purchase an $83,000 cashier’s check made out to one of his own entities.

This is not the first time Sowerby has been accused of investment fraud. He was previously charged in a separate case, along with co-defendant Luis Ortega, in a 55-count indictment alleging that they scammed hundreds of victims out of millions of dollars in a cryptocurrency investment scheme.

A conviction for wire fraud carries a maximum penalty of 20 years’ imprisonment and a fine of $250,000, or both. A conviction for transactional money laundering carries a maximum penalty of 10 years’ imprisonment and a fine of up to $250,000, or both.

An indictment is simply a method by which a person is charged with criminal activity and raises no inference of guilt. An individual is presumed innocent until evidence is presented to a jury that establishes guilt beyond a reasonable doubt.

The Federal Bureau of Investigation and IRS-Criminal Investigation have conducted the investigation in this case, with further investigation ongoing. The U.S. Attorney’s Office, District of Arizona, is handling the prosecution.

The FBI and IRS-CI believe that additional victims of Sowerby’s investment fraud schemes remain unidentified. Anyone who believes they were defrauded by the defendant in this case should contact the Victim Witness Section at the U.S. Attorney’s Office for the District of Arizona at usaaz.victimassist@usdoj.gov or fill out the questionnaire at https://www.fbi.gov/how-we-can-help-you/victim-services/seeking-victim-information/seeking-potential-victims-of-jeremie-sowerby-luis-ortega-fraud-schemes.