Jabara Igbara, also known as “Jay Mazini,” who claimed to be a crypto millionaire on Instagram, was sentenced by U.S. District Judge Frederic Block to seven years in prison on wire fraud and money laundering charges. The sentence also requires Igbara to forfeit $10 million.

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• Source: https://www.coindesk.com/policy/2024/04/25/jebara-igbara-aka-jay-mazini-sentenced-to-7-years-in-prison-for-crypto-related-fraud/?utm_medium=referral&utm_source=rss&utm_campaign=headlines