He admitted to the accusations against the Instagram phenomenon Jebara Igbara (Jay Mazini), who defrauded users for allegedly buying Bitcoin (BTC) above the market price. Igbara faces 20 years in prison.
US Department of Justice by 2 November In a press release published on March 2021 until on “Jay Mazini” under the pseudonym on Instagram various fraudulent activities It was stated that the social media phenomenon, who showed, confessed to his crimes. social media phenomenon 20 years in prison expected to be sentenced.
Using his popularity on social media, people with the promise of high returns stock and miscellaneous merchandise Mazini, who collected investments to buy he embezzled. Usually people who cheat Members of the Muslim-American community in New York was stated.
On the other hand, investors “return” to pay a second plan Mazini, who made above the price of Bitcoin He carried out a second fraudulent activity by spreading the news that he had received it. Fake bank statements With the phenomenon that makes people believe that Bitcoins pay for it, the crypto money transferred to it by not paying It was claimed by the authorities that he transferred the income he earned to other investors.
US Attorney General for the Eastern District of New York Breon Peacethe defendant’s hunt for innocent investors and the least hard-won 8 million dollars taking advantage of the popularity of Instagram to embezzle that you confessed stated. Also scammers to bring to justice He added that they are determined.