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Coinpedia
2024-12-11 09:46:39

CFTC Sues Pastor for Running $6M Crypto Ponzi Scheme Targeting 1,500 Victims

CFTC Sues Pastor for Running $6M Crypto Ponzi Scheme Targeting 1,500 Victims

The post CFTC Sues Pastor for Running $6M Crypto Ponzi Scheme Targeting 1,500 Victims appeared first on Coinpedia Fintech News The CFTC has filed a lawsuit against Francier Obando Pinillo, accusing him of running a crypto Ponzi scheme that defrauded around 1,500 people, including church members, of $6 million. The pastor allegedly promoted the fraudulent scheme, claiming to operate a profitable crypto trading platform. Pinillo promised high monthly returns of up to 34.9%, offering staking …

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