NEW YORK (GNB) – A Popular Instagram Personality known as “Jay Mazini” was charged on Wednesday with wire fraud for allegedly scheming and cheating his followers out of $2.5 million in Bitcoin, according to federal prosecutors.
“A complaint was filed in federal court in Brooklyn yesterday charging Jegara Igbara, also known as “Jay Mazini,” with wire fraud related to a scheme in which the defendant allegedly induced victims to send him Bitcoin by falsely claiming to have sent wire transfers of cash in exchange for the Bitcoin. In reality, Igbara never sent the money, and stole at least $2.5 million worth of Bitcoin from victims. Igbara is currently being held on state charges in New Jersey and will make his initial appearance in the Eastern District of New York at a later date”, according to the federal complaint.
In the federal complaint filed against him, which refers to Mazini by his given name, Jegara Igbara, he told his nearly 1 million Instagram followers to send him Bitcoin in exchange for wire transfers of cash, but then allegedly never sent the money.
Mark J. Lesko, Acting United States Attorney for the Eastern District of New York, and William F. Sweeney, Jr., Assistant Director-in-Charge, Federal Bureau of Investigation, New York Field Office (FBI), and Jonathan D. Larsen, Special Agent-in-Charge, Internal Revenue Service-Criminal Investigation, New York (IRS-CI), announced the charge.
“As alleged, Igbara used his immense social media popularity to dupe his followers into selling him Bitcoin,” stated Acting United States Attorney Lesko. “This Office will continue to work closely with its law enforcement partners to stop fraudsters like the defendant from perpetrating social media scams that prey on innocent victims.”
“As we allege, Igbara’s social media persona served as a backdrop for enticing victims to sell him their Bitcoin at attractive, but inflated, values. A behind-the-scenes look, however, revealed things aren’t always as they seem. There was nothing philanthropic about the Bitcoin transactions Igbara engaged in with his victims. A quick search of the Interwebs today will reveal an entirely different image of this multimillion-dollar scammer.” stated FBI Assistant Director-in-Charge Sweeney. “If anyone out there has information about this case, we urge you to file a complaint online at tips.fbi.gov.”
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