Instagram Big V Jabara Igbara was sentenced to seven years in prison by U.S. District Judge Frederic Block on wire fraud and money laundering charges. The verdict also called for Igbara to forfeit $10 million. The U.S. Attorney's Office said Wednesday that Igbara, 28, committed multiple fraudulent schemes to defraud investors of at least $8 million. He pleaded guilty to the charges in November 2022.
The prosecutor's office alleges that Igbara ran a Ponzi scheme against Muslims through a company called Hal-Capital LLC. He posted above-market cryptocurrency prices on his Instagram account and other social media, and sent a modified telegraphic transfer conformation image to indicate that he had sent money, which was not the case.
Jebara Igbara was sentenced to seven years in prison for cryptocurrency-related fraud
2024-04-25 10:57:54
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Jebara Igbara因加密货币相关欺诈被判处7年监禁Next article：
io.net官网出现故障，疑似被黑客篡改前端数据
