<ul><li>A pastor in Washington state has been indicted on 26 counts of fraud, accused of orchestrating a $25 million cryptocurrency scheme that defrauded over 1,500 investors.</li><li>Francier Obando Pinillo, 51, allegedly used his position as a pastor to lure congregants into the fraudulent venture, Solano Fi. He claims the idea came to him “in a dream,” according to the US Department of Justice.</li><li>Pinillo promoted Solano Fi as a safe, guaranteed investment and persuaded members of his church to invest. He also used social media platforms to expand his reach.</li><li>Prosecutors allege that Pinillo showed investors fraudulent account balances, and when investors tried to withdraw their funds, they were met with excuses. Pinillo could face up to 20 years in prison if convicted.</li></ul>

Pastor Indicted For $25M Crypto Fraud, Claims Scheme Came ‘In A Dream’

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