Summary: A pastor in Pasco, Washington, has been indicted on 26 counts of fraud for allegedly running a cryptocurrency scam that defrauded investors of millions. He misused his position to promote a fake investment venture called “Solano Fi,” promising guaranteed returns while diverting funds for personal use.
Threat Actor: Francier Obando Pinillo | Francier Obando Pinillo
Victim: Investors | investors
Key Point :
- Pinillo claimed the investment opportunity came to him in a dream and promised guaranteed monthly returns of 34.9%.
- He created a Facebook page and a Telegram group to attract more victims, expanding his reach beyond his congregation.
- The fraudulent app provided fake balances and returns, and victims were unable to withdraw their investments.
- Pinillo extorted victims for more money to “repair” the system and offered a “buy out” option to exit the scam.
- He targeted at least 1,500 individuals, defrauding them of over $5.9 million.