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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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US Seizes Millions in Crypto With Binance Ties—Feds Uncover Global Fraud Ring

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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US Seizes Millions in Crypto With Binance Ties—Feds Uncover Global Fraud Ring