Instagram influencer Jegara Igbara, also known as Jay Mazini, has been accused by federal investigators of defrauding his followers out of millions of dollars in Bitcoin.
The FBI allege that Igbara used his social media profile to entice his followers into selling him their Bitcoin at “attractive, but inflated, values,” said FBI Assistant Director-in-Charge William F. Sweeney, Jr.
However, the investigators claim, there was nothing philanthropic about the defendant’s actions. “In reality, Igbara never sent the money, and stole at least $2.5 million worth of Bitcoin from victims,” said the US Attorney’s Office for the Eastern District of New York in a statement.
Fake screenshots
Igbara acquired nearly one million Instagram followers by posting videos in which he handed out large amounts of cash to random people. Somewhere around January this year he started offering to buy Bitcoin from his followers “at prices 3.5% to 5% over market value.”
Igbara claimed that he wa
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