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Pastor indicted for fraud over crypto scheme that came ‘in a dream’

Washington pastor Francier Obando Pinillo was charged with 26 counts of fraud and could spend up to 20 years behind bars.

A Washington state grand jury has indicted a pastor on 26 counts of fraud for allegedly stealing from more than 1,500 investors through the sham crypto scheme Solano Fi — which supposedly came to him “in a dream.”

The Justice Department said on Jan. 9 that Francier Obando Pinillo was arraigned at a federal court in Washington for allegedly using his position as a pastor to induce members of his congregation into a crypto scheme called Solano Fi.

“Pinillo claimed the idea for Solano Fi had come to him in a dream and that it was a safe and guaranteed investment,” it added.

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Founder of crypto ‘Ponzi’ scheme’ IcomTech sentenced to 10 years in prison

David Carmona was the “mastermind” behind IcomTech’s “Ponzi scheme," which netted an estimated $8.4 million from victims.

David Carmona, the founder of the cryptocurrency “Ponzi” scheme IcomTech, has been handed a 10-year prison sentence for conspiracy to commit wire fraud.

Carmona was the “mastermind” behind IcomTech, which “preyed upon working-class people by promising them complete financial freedom in exchange for parting with their hard-earned money,” United States Attorney Damian Williams said in an Oct. 4 statement.

The founder told investors the funds would be invested in crypto trading and mining activities and that profits would double every six months — but that was never the case, Williams said:

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Crypto deregulation under Trump: Promises vs reality