Articles for tag: church investment scheme, Consumer Protection, cryptocurrency scam, fraud indictment, Ponzi scheme, Solano Fi, Washington pastor fraud

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Pastor Indicted for Cryptocurrency Scam Targeting Church Members: A Cautionary Tale on Trust and Fraud in Faith Communities

Francier Obando Pinillo, a pastor from Washington state, has been charged with defrauding his congregation through a cryptocurrency scam. He allegedly convinced church members to invest in “Solano Fi,” claiming it was a dream-inspired, guaranteed investment with a monthly return of 34.9% and no risk. His promotion tactics included online seminars and social media, attracting ...

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