A Miami pastor, Francier Obando Pinillo, is facing serious legal issues after being indicted for a multi-million-dollar cryptocurrency scam that duped investors from 2021 to 2023. Pinillo, who led a Spanish-speaking church in Washington, promoted a scheme called “Solano Fi,” claiming it was a guaranteed investment inspired by a dream. Using social media and his church, he enticed over 1,500 members with promises of high returns through cryptocurrency staking. However, when investors tried to withdraw their money, Pinillo provided excuses and implemented additional fees. Now, he faces up to 20 years in prison if convicted. This case highlights the growing threat of cryptocurrency fraud targeting unsuspecting individuals.
A Pastor Accused in Cryptocurrency Fraud Scheme
A Miami pastor has found himself in serious legal trouble over a cryptocurrency investment scheme that he claimed was inspired by a dream. Francier Obando Pinillo, aged 51, faces 26 counts of fraud after allegedly misleading investors out of millions of dollars as part of a scam between late 2021 and 2023.
Pinillo, who led a Spanish-speaking church in Pasco, Washington, called his venture “Solano Fi.” He claimed it was a safe investment that would yield a guaranteed 34.9 percent return each month. He turned to social media and his church pulpit to attract unsuspecting investors, promising them wealth through a concept known as cryptocurrency staking. Unfortunately for his followers, the indictment states that their money disappeared into questionable accounts linked to Pinillo and other unnamed associates.
As the scheme unraveled, many investors requested to withdraw their funds. Pinillo reportedly offered various excuses, including poor Market conditions and system issues. Some were even told they needed to recruit new investors to retrieve their own money. U.S. Attorney Vanessa Waldref emphasized the challenge of tracking down funds in cryptocurrency fraud cases, highlighting the need for law enforcement to hold offenders accountable and recover losses for victims.
If convicted, Pinillo could face substantial prison time—up to 20 years—an outcome far from the blessed future he promised to his investors.
In another case across the ocean, a man named James Howells in the UK faced disappointment when a judge rejected his bid to excavate a landfill in search of a hard drive believed to contain nearly $725 million in Bitcoin. After years of legal battles, the court ruled that his claim lacked reasonable grounds, further complicating his hopes of recovering the lost fortune.
Howells, whose hard drive was discarded in 2013, has now shifted his focus to creating his own cryptocurrency, seeking a new path to financial success.
Tags: Cryptocurrency Fraud, Pastor Charged, Francier Obando Pinillo, Investment Scam, Cryptocurrency, Legal News
Frequently Asked Questions about Pastor’s Divine Dream Crypto Scheme
What is Pastor’s Divine Dream crypto scheme?
Pastor’s Divine Dream is a cryptocurrency scheme that promised participants a chance to invest in a new digital currency. The scheme attracted attention for its claims of high returns and religious undertones.
Why has the scheme been indicted by Uncle Sam?
The scheme faced legal issues because it was considered fraudulent. Authorities argue that it misled investors, making unrealistic promises and not following the rules that govern financial investments in the U.S.
What are the risks of investing in such schemes?
Investing in schemes like Pastor’s Divine Dream carries high risks. Many of these projects can be scams, leading to financial loss. Always do thorough research before investing your money.
How can I protect myself from similar scams?
To protect yourself, be cautious of promises of quick or high returns. Check if the scheme is registered with regulatory authorities and always seek advice from financial experts.
What should I do if I invested in this scheme?
If you invested in Pastor’s Divine Dream, consider contacting legal experts or financial advisors. They can provide guidance on your options for recovering your investment and understanding the legal situation.