Jay Mazini Sentenced to Seven Years for Crypto Fraud Targeting Muslims
The former Instagram influencer exploited community trust during the pandemic to fund a lavish lifestyle.
- Jebara Igbara, known as 'Jay Mazini', has been sentenced to seven years in prison for a cryptocurrency scheme that defrauded millions from Muslims.
- Igbara admitted to creating a Ponzi scheme, deceiving investors with promises of high returns on investments in stocks and electronics.
- The fraudulent activities funded Igbara's extravagant expenditures, including luxury cars and gambling.
- Igbara's sentence will run concurrently with a five-year term for kidnapping, with restitution of $10 million ordered to the victims.
- The case highlighted the misuse of social media influence to commit financial crimes, gaining trust through charitable acts and a large online following.