Instagram influencer charged over duping followers out of $2.5M BTC
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....
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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....
Earlier this week, the U.S. Securities and Exchange Commission (SEC) charged and settle a lawsuit with socialite and billionaire Kim Kardashian for allegedly withholding information about promoting EthereumMax. The influencer received $250,000 as compensation for leading her 330 million Instagram followers to a website whey they might have purchased the cryptocurrency. Related Reading: By The […]
The celebrity influencer Kim Kardashian posted about a project called Ethereum Max on Instagram this week by sharing an advertisement with her 228 million followers. The project Ethereum Max has also been promoted by former Boston Celtics forward Paul Pierce and professional boxer Floyd Mayweather. Kim Kardashian Follows Mayweather and Pierce by Shilling Ethereum Max on Instagram The American reality television personality, socialite, model, and businesswoman Kim Kardashian posted about a cryptocurrency project called Ethereum Max. The Ethereum Max project (emax or ETH max) is an ERC20....
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 […]
Kim Kardashian disclosed that she was paid for promoting Ethereum Max — but didn’t tell her followers the exact amount. The SEC did the right thing when it fined her for that oversight. In June 2021, Kim Kardashian published an Instagram story informing her approximately 330 million Instagram followers about the EthereumMax (EMAX) crypto token. The Securities and Exchange Commission (SEC) charged Kardashian, claiming she violated the anti-touting provision of the Securities Act when she failed to disclose she received $250,000 in exchange for her promotion of the unregistered security.The....