50 Cent Associate Jay Mazini Accused of $2.5m Bitcoin Scam Against IG Followers
Federal prosecutors caught up with social media influencer Jay Mazini yesterday, charging him over a $2.5mn Bitcoin fraud. Mazini, whose legal name is Jebara Igbara, is alleged to have exploited his Instagram followers in a BTC for cash scheme. Jonathan D. Larsen, the Special Agent-in-Charge at the Internal Revenue Service-Criminal Investigation, said: “This defendant allegedly […]
Related News
A social media influencer known for “cash giveaways” has failed to show the money in alleged Bitcoin wire fraud scheme. An Instagram influencer has been charged with wire fraud, after he allegedly scammed followers out of $2.5 million worth of Bitcoin. Social media influencer Jay Mazini, who boasted of a net worth of $33 million and is known for “cash giveaways”, is accused by the Department of Justice of operating a wire fraud scheme in which he duped some of his 1 million followers to send him Bitcoin in exchange for inflated cash offers, which he failed to pay properly. The DoJ....
A Turkish cryptocurrency exchange with about 400,000 users has been accused of pulling an exit scam. Its CEO has reportedly fled Turkey, allegedly taking $2 billion of customer funds with him. The police have an arrest warrant for the CEO and 62 people have already been detained in connection with the case. Crypto Exchange Accused of Exit Scam Turkish cryptocurrency exchange Thodex is offline and its CEO has reportedly gone missing. Thousands of investors are worried that their funds have been stolen since they are unable to access their accounts. A statement on the exchange’s....
A popular Instagram personality has been charged in the U.S., accused of stealing bitcoins worth millions of dollars from his followers. He allegedly convinced the “victims to sell him their bitcoin at attractive, but inflated, values” but he never wired them the money for the coins sent to him. Instagram Influencer’s Bitcoin Scam The U.S. Department of Justice (DOJ) announced Wednesday that a popular Instagram personality known as “Jay Mazini” has been charged with wire fraud related to a bitcoin scam. The Justice Department wrote: A complaint was filed in....
A hacker took over CoinDCX's official Twitter account and has constantly been tweeting XRP scam links. The official Twitter account of India-based crypto exchange CoinDCX has been hacked and used by the exploiters to post fake XRP promos partnered with phishing links in an attempt to scam the exchange’s followers. Responding to the attack, the official customer support handle of CoinDCX flagged the exploit and warned its users not to click any links or messages coming from the compromised account. According to the exchange, they are working to recover the account and will be sharing....
UK punters are using more electronic money, but cash is still king on the High Street. In 2012 use of cash for shopping fell 10 per cent - and the rate of decline is accelerating. The big winners are debit cards and newer methods such as PayPal, for online purchases. The numbers come from the British Retail Consortium and show that just over half of all transactions are still carried out in cash - 54.4 per cent. But this is down 6.7 per cent in terms of numbers of transactions and a fall of 9.7 per cent in terms of value - the first time both figures went down in 13 years of collecting....