[ad_1]
- Igbara told his followers that he planned to buy a lot of bitcoin.
- He received cryptocurrencies worth up to $2.5 million from defrauded victims.
After being accused of money laundering, wire fraud, and wire fraud, Instagram star Jebara Igbara, aka “Jay Manzini,” has been charged with a crime. He bilked investors out of $8 million using social media to spread false information about investment projects.
In addition, Igbara informed his followers that he intends to buy a large amount of bitcoin but the official exchanges will not allow him to collect such wealth. He asked his Instagram followers to transfer him, and said that they would pay a lot of money. In fact, he made off with as much as $2.5 million in cryptocurrencies from defrauded victims.
Short Escape from Criminal Conviction
The United States Department of Justice (DOJ) announced that the so-called “Instagram influencer” “Jay Manzini” will face up to 20 years in federal prison for his crimes.
He admits to using his internet fame to promote investment services to his followers, many of whom are members of New York City’s Muslim population. Eight million more than $8 million were lost due to fraud.
It goes like this:
“With today’s plea, the fraudster has admitted to using his Instagram fame to prey on innocent investors and steal $8 million of their hard-earned money. Together with our federal partners, we This Department is committed to bringing the perpetrators to justice.”
Even though “Jay Manzini” ran a multi-million dollar fraud, he was standing for a little longer if he tried. In this situation, everyone who fell for the trick was promised a miracle. More returns than the current market price of bitcoin were promised to victims of the advance payment scam.
Recommended for you:
Polygon-backed NFTs will soon be Signed and Sold on Instagram
[ad_2]
Source link