Jabara Igbara, who claimed to be a crypto millionaire on Instagram and ran a Ponzi scheme through a company called Halal-Capital LLC, has been sentenced to seven years in prison by U.S. District Judge Frederic Block. Igbara scammed investors of at least $8 million and targeted Muslims through his fraudulent schemes. He pleaded guilty to wire fraud and money laundering charges in November 2022 and is required to forfeit $10 million. The United States Attorney's Office stated that Igbara used his fake online presence and Instagram persona to convince unsuspecting victims to invest in his schemes.