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Instagram Influencer Jay Manzini Pleads Guilty for Draining $2 | Crypto | Bitcoin | Blockchain

Instagram Influencer Jay Manzini Pleads Guilty for Draining $2.5M in BTC From Fans

The
popular Instagram influencer Jebara Igbara, also known as “Jay Manzini,” pleaded guilty to money laundering, wire fraud, and wire fraud conspiracy. He used the social media platform to promote various schemes to investors but, in fact, defrauded them with $8 million. Jebara Igbara, a.k.a. “Jay Manzini,” will go to jail for running an investment scam and bitcoin Ponzi scheme.

The US Department of Justice announced that the so-called Instagram influencer “Jay Manzini” will face up to 20 years in federal prison for his offenses. In addition, Igbara told his followers he wanted to buy a huge amount of bitcoin and that authorized exchanges would not allow him to accumulate such a stash. He urged Instagram users to send him BTC, assuring he will pay premium prices for those transactions.

Source

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