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Published 10 days ago

Instagram fraudster 'Jay Mazini' has been sentenced for his crypto scheme that preyed on Muslims

  • Jebara Igbara, 28, of New Jersey, admitted guilt for running a Ponzi scheme involving cryptocurrency, yielding $8 million in fraud. Prosecutors alleged he funded a lavish lifestyle.
  • Utilizing ties in the Muslim community during COVID-19, Igbara gathered investments by promising returns on stocks and goods resale.
  • U.S. Attorney Breon Peace condemned Igbara for exploiting his own religious community's trust, leading to deception and misuse of funds, resulting in a $10 million payment to victims.
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