CoinVoice has recently learned that, according to Cointelegraph, the U.S. Commodity Futures Trading Commission (CFTC) has sued a pastor named 'Francier Obando Pinillo,' accusing him of promoting a cryptocurrency Ponzi scheme to 1,500 people, including some congregants from a church in Washington, claiming that the scheme absorbed $6 million in funds.
Regulatory agencies allege that from November 1, 2021, to December 31, 2023, Pinillo claimed to be the CEO of Solanofi, Solano Partners Ltd., and Solano Capital Investments, companies that developed the 'Solano ecosystem' and traded Bitcoin, Ethereum, USDT, and other cryptocurrencies on behalf of clients. Pinillo promised clients that through Solanofi, they could earn up to 34.9% profit monthly.
The CFTC stated that the trading or staking services promised by Pinillo did not exist at all, and his statements and account statements were false. The defendant misappropriated all digital and fiat assets transferred by clients. The regulatory agency demands compensation for the defrauded clients, confiscation of all funds generated through the scheme, enforcement of trading bans, and issuance of a permanent injunction. [Original link]
