An Edgewater man who grew his Instagram following to almost 1,000,000 customers by showcasing a luxurious life-style and handing out money to strangers is now accused of being a rip-off artist.
Jegara Igbara, also called “Jay Mazini,” was charged by federal authorities in New York Wednesday with wire fraud for allegedly duping people into sending him Bitcoin, an more and more useful cryptocurrency, in return for a wire switch of money value barely greater than the digital forex.
In actuality, in accordance with federal prosecutors, the 25-year-old allegedly by no means despatched the cash and obtained no less than $2.5 million value of Bitcoin from a number of victims by means of the scheme.
“Igbara’s social media persona served as a backdrop for engaging victims to promote him their Bitcoin at enticing, however inflated, values,” FBI assistant director-in-charge William F. Sweeney Jr. mentioned in a press release. “A behind-the-scenes look, nonetheless, revealed issues aren’t at all times as they appear. There was nothing philanthropic in regards to the Bitcoin transactions Igbara engaged in along with his victims. A fast search of the interwebs at this time will reveal a wholly completely different picture of this multimillion-dollar scammer.”
Igbara used his social media account, during which he promoted companies and handing out giant quantities of money to random individuals, as a solution to present his followers he was an individual of “substantial means,” in accordance with the prison criticism.
In flip, authorities alleged, he used that to solicit his followers to promote him Bitcoin, which is currently valued at more than $55,000, in return for him paying as much as 5% extra to the individual by means of a wire switch.
In a single alleged occasion, a person who noticed Igbara’s postings about shopping for Bitcoin on social media reached out to Igbara about promoting him some. When the 2 spoke over video name, in accordance with the criticism, Igbara mentioned he had a web value of $33 million. He allegedly despatched a screenshot of a purported wire switch of greater than $3 million he despatched to the individual in trade for Bitcoin, authorities mentioned.
The individual then transferred roughly $750,000 value of Bitcoin to Igbara.
Nevertheless, authorities mentioned Igbara’s wire switch by no means went by means of and concluded the screenshot was fraudulent, in accordance with the criticism.
Authorities mentioned that match a sample with how Igbara allegedly scammed others into sending him Bitcoin, as nicely.
If convicted, Igbara faces as much as 20 years’ imprisonment.
He’s at the moment being held in New Jersey and can seem in federal court docket in New York at a later date.
Igbara’s lawyer didn’t instantly reply to a request for remark.
His Instagram account has been deleted.
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