Pastor Who Saw Crypto Project In His 'Dream' Indicted For Fraud

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2025 - Pastor's Cryptocurrency Scheme Defrauds Followers of Millions; Legal Consequences Await

A 51-year-old pastor from Washington, Francier Obando Pinillo, faces fraud charges linked to a cryptocurrency scam that allegedly defrauded followers of nearly $5.9 million. He promoted a fake cryptocurrency, Solano Fi, promising high returns and creating a façade of legitimacy through misleading online platforms. His scheme, which lasted from November 2021 until October 2023, led to his arrest by the FBI. Pinillo now faces 26 counts of fraud, w…

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Francier Obando PinilloThe pastor of a church in Pasco, Washington, was charged with 26 counts of securities fraud.According to the U.S. Department of Justice, Pinillo orchestrated a cryptocurrencies scam between 2021 and 2023, stealing at least $5.9 million from 1,500 investors, many of them members of his congregation. [...] The entry The pastor who defrauded his faithful with cryptocurrencies: runs the risk of 20 years in prison was first pub…

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Pastor Who Saw Crypto Project In His 'Dream' Indicted For Fraud

A pastor in Pasco, Washington, has been indicted on 26 counts of fraud for orchestrating a cryptocurrency scam that defrauded over 1,500 investors of nearly $5.9 million between 2021 and 2023. Many of the investors were members of his congregation. BleepingComputer reports: The US Department of Justice says the pastor, Francier Obando Pinillo, 51, used his position to recruit investors into a fraudulent cryptocurrency venture called "Solano Fi,"…