A New Jersey Instagram celebrity has pleaded guilty in an $8 million Bitcoin scam.
"All the victims in this case were promised something that was too good to be true. Those in the Ponzi scheme were all assured a high rate of return in a short amount of time, while the victims of the Bitcoin advance fee scheme were guaranteed above current market value for their Bitcoin," stated IRS-CI Special Agent-in-Charge Fattorusso.
Igbara was also charged with a scheme to defraud members of the Muslim-American community in New York by soliciting their money for purported investments in stock, electronics resale, and purchases of COVID-19 related personal protective equipment .Fidelity adding Bitcoin option to 401 accounts Companies that use Fidelity to manage their 401 accounts will be able to start offing investment opportunities in the cryptocurrency later in 2022.
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