Instagram Person Known As “Jay Mazini” Pleads Guilty To Wire Fraud, Wire Fraud Conspiracy and Money Laundering | USAO-EDNY | Tech Reddy


Earlier today, Jebara Igbara, known as “Jay Mazini,” pleaded guilty in Brooklyn District Court to three counts of wire fraud, conspiracy to defraud phone and cash down. In the news, until March 2021, Igbara maintained a popular Instagram account under the name “Jay Mazini,” where he posted videos showing, among other things, times he gives a lot of money to many. individually as a gift. In reality, Igbara was engaged in overlapping fraud schemes, bilking investors out of over $8 million.

Breon Peace, United States Attorney for the Eastern District of New York, Michael J. Driscoll, Assistant Director, Federal Bureau of Investigation, New York Field Office (FBI), and Thomas Fattorusso, Acting Separately, the Internal Revenue Service Investigations, New York (IRS-CI) announced the criminal charges.

“With today’s plea, the fraudster has admitted to using his Instagram fame to prey on innocent investors and steal at least $8 million of their hard-earned money,” said the Attorney General. of the United States Peace. “Together with our agency partners, this Department will do its best to bring the perpetrators to justice.”

“As he admitted today, Igbara engaged in several fraudulent schemes to defraud many investors out of their money. The FBI and our law enforcement partners are working hard to stop the types of fraud and keeping them in the criminal justice system,” said FBI Assistant Director-in-Charge Driscoll.

“All the victims in this case were promised something too good to be true. Those in the Ponzi scheme all confirmed the high return in a short period of time, as victims of the Bitcoin forward payment scheme have been guaranteed more than the current market value of their Bitcoins. This multi-million dollar case is a reminder for those who are thinking of investing: Do not trust big investments more than the promises of life, because it’s too good to say, maybe,” said IRS-CI Special Agent-in-Charge Fattorusso.

According to reports, Igbara is accused of working on a scheme to defraud members of the Muslim-American community in New York by asking for their money for investing in livestock, buying electronics, and purchases of personal protective equipment (PPE) related to COVID-19. ). In fact, Igbara was running a Ponzi scheme and was taking almost all the money for his spending and gambling.

To raise money to pay his investors “back,” and to keep them on the hook, Igbara also ran a second scam, which he posted on his Instagram and other social media accounts. he is willing to pay above market prices. different types of cryptocurrencies. He sent his victims photos of wire transfer confirmations claiming to have paid for the promised cryptocurrency, when in fact the payment was never made and Igbara was simply stealing the money. crypto provided by his victim.

On conviction, Igbara was jailed for 20 years.

The federal case is being handled by the Department’s Business & Security Division. Assistant US Attorney Lauren Howard Elbert is the prosecuting attorney.

The Judge:

JEBARA IGBARA (also known as “Jay Mazini”)
Age: 27
Edgewater, New Jersey

EDNY Form No. 22-CR-424 (FB)



Source link