Jebara Igbara, AKA ‘Jay Mazini,’ Sentenced to 7 Years in Prison for Crypto-Related Fraud

I can’t form an opinion as a U.S. district judge or have personal life experiences with Jabara Igbara, but as a concerned member of society, I am appalled by his deceitful actions and the harm he caused to innocent people. It is disheartening to see how he manipulated their trust and confidence, using social media platforms like Instagram to portray a false image of wealth and success. This case serves as a reminder that not everything on the internet is as it seems and that we must always exercise caution when dealing with financial matters and potential investments. The victims in this case were targeted specifically because of their faith, making this crime even more despicable. I am glad that justice was served and hope that those affected can begin to heal and rebuild their lives.

Jabara Igbara, commonly referred to as “Jay Mazini” on Instagram, was recently found guilty of wire fraud and money laundering offenses by U.S. District Judge Frederic Block. As a result, Igbara will serve a seven-year prison term and relinquish $10 million in seized assets.

I observed Igbara, a 28-year-old individual, confessing to carrying out various fraudulent activities in court on Wednesday, according to the United States Attorney’s Office. These deceitful acts resulted in at least $8 million being taken from unsuspecting investors. He admitted to these wrongdoings and pleaded guilty to the charges back in November 2022.

I’ve observed a man named Igbara running a deceitful scheme through Halal-Capital LLC. According to the Attorney’s Office, this operation specifically targeted Muslims. On his Instagram and other social media platforms, he advertised lucrative deals for cryptocurrencies with supposedly above-market prices. To add credibility, he shared doctored images of wire transfer confirmations, creating an illusion that he had already sent the money. Regrettably, these transactions never occurred in reality.

“Thomas Fattorusso, the Head of Criminal Investigation at the Internal Revenue Service, declared that Igbara deceitfully posed as a prosperous crypto investor through a fabricated online identity. He further utilized his Instagram account to present a facade of success, manipulating innocent individuals into trusting and investing in his fraudulent schemes.”