Instagram influencer charged over duping followers out of $2.5M BTC
Cointelegraph
Published Mar 25, 2021 01:17AM ET
Updated Mar 25, 2021 03:00AM ET
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.
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Written By: Cointelegraph
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