In Brooklyn federal court, Jebara Igbara, also known as "Jay Mazini," a cryptocurrency influencer on social media sites such as Instagram, was sentenced to 84 months in prison for wire fraud, wire fraud conspiracy and money laundering.
According to the U.S. Attorney’s Office for the Eastern District of New York, Igbara’s fraudulent activities caused millions of dollars in financial losses to unsuspecting investors.
Social Media Fraud
Investigations found that Igbara, operating under the popular Instagram handle “Jay Mazini”, created a false image of affluence through his social media influence.