"Jay Mazini" (real name: Jegara Igbara), an influencer who often boasted of his wealth on Instagram by doing cash giveaways to random strangers, has been sentenced to seven years in prison after running "overlapping fraud schemes" that scammed victims out of at least $8 million. One of them involved a multi-million dollar cryptocurrency scam in which he would promise to pay higher prices for crypto, and would convince those who were interested to transfer their funds to him by providing doctored images of wire transfer confirmations to suggest that he'd fulfilled his end of the deal.

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In addition to seven years in prison, Mazini has been ordered to forfeit $10 million. Restitution has not yet been determined.

• "Instagram Influencer Known as 'Jay Mazini' Sentenced to 84 Months in Prison for Overlapping Fraud Schemes", U.S. Attorney's Office, Eastern District of New York - https://www.justice.gov/usao-edny/pr/instagram-influencer-known-jay-mazini-sentenced-84-months-prison-overlapping-fraud-0


• "Serial Scammer and Instagram Influencer Jay Mazini Pleads Guilty", The Daily Beast - https://www.thedailybeast.com/instagram-influencer-jay-mazini-pleads-guilty-in-dollar8-million-bitcoin-scam