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Washington Pastor Accused of Defrauding Congregation with $5.9M Fake Crypto Investment Scheme Dark Side of Crypto

  • A pastor in Washington has been accused of defrauding his congregation with a fake crypto investment scheme, stealing $5.9 million.
  • Federal prosecutors allege that the pastor persuaded members of his congregation to invest in a high-yielding cryptocurrency opportunity, but the investments turned out to be fictitious.
  • The pastor used the stolen funds for personal expenses, including luxury vehicles and real estate.
  • The pastor is facing charges of wire fraud, money laundering, and security fraud.

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