1. Jon Jones swears an oath before the Commission. Under oath, he states that he lost his Nike sponsorship due to an altercation with Cormier (https://www.youtube.com/watch?v=N2QXoat0BEo (See 5:35) 2. Jones later releases a public statement saying this is not true: (http://mmajunkie.com/2014/12/champ-jon-jones-changes-story-on-nike-drop-says-it-was-mutual-agreement) 3. According to the United States Code, Title 18, Part 1, Section 1621, if his sworn statement was in fact false he could, in theory face up to 5 years in prison. Based on the black letter law Jones could be charged. Prosecutions for perjury are rare. But perjury is a serious offence. And sometimes indictments are laid in high profile cases (ask Barry Bonds). All it would take is an exercise of prosecutorial discretion by someone who wanted to make an example of Jones. Legal Stuff United States Code, Title 18, Part 1, Section 1621. (1) Having taken an oath before a competent tribunal, officer, or person, in any case in which a law of the United States authorizes an oath to be administered, that he will testify, declare, depose, or certify truly, or that any written testimony, declaration, deposition, or certificate by him subscribed, is true, willfully and contrary to such oath states or subscribes any material matter which he does not believe to be true; or (2) in any declaration, certificate, verification, or statement under penalty of perjury as permitted under section 1746 of title 28, United States Code, willfully subscribes as true any material matter which he does not believe to be true This post is for commentary purposes only and does not represent a legal opinion or legal advice in any form.