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A crypto scheme... from a dream? ššø
A scandal is brewing in the United States around Pastor Franciera Obando Pinillo from Washington State. He is accused of 26 counts of fraud for allegedly stealing $6 million from more than 1,500 investors. And all this through the Solano Fi project, which, as he claims, "came to him in a dream." š±š¤
š© What happened?
The pastor convinced his followers that Solano Fi was "God's plan" for their financial well-being. Many trusted his words and invested money... which disappeared without a trace. š¢
š Lesson for everyone:
1ļøā£ Always check where you invest your money.
2ļøā£ Don't trust investments that sound too good to be true.
3ļøā£ Dreams are not an investment strategy! š
This case reminds us that even the most trustworthy figures can use cryptocurrencies as a tool for deception. Be careful! šØ
#CryptoScam
#SolanoFi
#FraudAlert
#InvestSmart
#CryptoNews
A scandal is brewing in the United States around Pastor Franciera Obando Pinillo from Washington State. He is accused of 26 counts of fraud for allegedly stealing $6 million from more than 1,500 investors. And all this through the Solano Fi project, which, as he claims, "came to him in a dream." š±š¤
š© What happened?
The pastor convinced his followers that Solano Fi was "God's plan" for their financial well-being. Many trusted his words and invested money... which disappeared without a trace. š¢
š Lesson for everyone:
1ļøā£ Always check where you invest your money.
2ļøā£ Don't trust investments that sound too good to be true.
3ļøā£ Dreams are not an investment strategy! š
This case reminds us that even the most trustworthy figures can use cryptocurrencies as a tool for deception. Be careful! šØ
#CryptoScam
#SolanoFi
#FraudAlert
#InvestSmart
#CryptoNews
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š Crypto Love: When Romance Turns into Fraud šØ
On December 10th, a large-scale operation took place in Nigeria against the largest crypto romance scam š. 792 people were arrested ā among them 148 Chinese, 40 Filipinos, and locals.
š How did the scheme work?
The scammers created the illusion of trusting relationships with victims from the USA, Canada, and Mexico šŗšøšØš¦š²š½ through fake investments. They used:
Social Networks š²
Phishing šŖ
Emotional Manipulation š¬
š Victims were promised "golden mountains" š°, but ended up with empty wallets. Lagos became the epicenter of this social engineering, where stories and connections were fabricated to extort money.
ā ļø Conclusion? Do not trust dubious "investors", even if their stories touch your soul. Love in crypto should be for the technologies, not for fake promises.
Stay vigilant! Scammers have no borders š
What do you think about such a "crypto-romantic" twist? Have you seen similar schemes? š
#CryptoScam
#NigeriaNews
#FraudAlert
#StaySafe
On December 10th, a large-scale operation took place in Nigeria against the largest crypto romance scam š. 792 people were arrested ā among them 148 Chinese, 40 Filipinos, and locals.
š How did the scheme work?
The scammers created the illusion of trusting relationships with victims from the USA, Canada, and Mexico šŗšøšØš¦š²š½ through fake investments. They used:
Social Networks š²
Phishing šŖ
Emotional Manipulation š¬
š Victims were promised "golden mountains" š°, but ended up with empty wallets. Lagos became the epicenter of this social engineering, where stories and connections were fabricated to extort money.
ā ļø Conclusion? Do not trust dubious "investors", even if their stories touch your soul. Love in crypto should be for the technologies, not for fake promises.
Stay vigilant! Scammers have no borders š
What do you think about such a "crypto-romantic" twist? Have you seen similar schemes? š
#CryptoScam
#NigeriaNews
#FraudAlert
#StaySafe
U.S. Pastor Charged with Multi-Million Dollar Crypto Fraud
A federal grand jury in the Eastern District of Washington has indicted 51-year-old Francier Obando Pinillo, a pastor, on charges of orchestrating a cryptocurrency fraud scheme that defrauded church members of millions of dollars. Pinillo faces 26 counts of fraud allegedly committed between November 2021 and October 2023.
Charges Against Pastor Pinillo
Pinillo, the leader of a Spanish-speaking church called Ministerio Apostolico Profetico Tiempos de Poder, is accused of creating a fraudulent cryptocurrency platform called Solano Fi. He claimed that the investment idea came to him in a divine dream, using this narrative to persuade church members and the public to invest.
Using platforms like Facebook and Telegram, where his group had over 1,500 members, he extended his reach beyond the church to lure more investors.
False Promises and Manipulation
Pinillo promised investors monthly returns of 34.9% with zero risk. He assured them that their funds would be securely invested in cryptocurrencies and could be withdrawn at any time. However, the Solano Fi platform only allowed users to view their supposed balances without the ability to withdraw funds.
According to the indictment, Pinillo used the funds for personal expenses instead of investing them. When confronted by victims, he offered various excuses, including technical glitches on the platform or market downturns. In some cases, he convinced investors to recruit new members to "unlock" their funds, perpetuating the fraudulent scheme further.
Response from U.S. Authorities
The FBI conducted the investigation, and the charges were prepared by Assistant U.S. Attorneys Jeremy J. Kelly and Dan Fruchter. U.S. Attorney Vanessa Ruth Waldref highlighted that cryptocurrencies provide fraudsters with new ways to evade law enforcement, allowing them to transfer funds to foreign accounts, making recovery difficult.
Waldref also cautioned against blindly trusting projects endorsed by religious authorities. She stressed the importance of conducting due diligence before investing, especially in cryptocurrency-related ventures.
How to Spot Crypto Fraud?
Investors can protect themselves by watching for red flags such as:
Too-good-to-be-true offers, promising unrealistic returns.Unverified smart contracts.Lack of transparency.High-pressure sales tactics that push for immediate decisions.
If convicted, Pinillo faces up to 20 years in prison. This case serves as a reminder of the risks associated with cryptocurrency investments and the importance of staying informed and cautious when handling financial resources.
#CryptoFraud , #CryptoScamAlert , #CryptoCrime , #FraudAlert , #CryptoCommunitys
Stay one step ahead ā follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.ā
Charges Against Pastor Pinillo
Pinillo, the leader of a Spanish-speaking church called Ministerio Apostolico Profetico Tiempos de Poder, is accused of creating a fraudulent cryptocurrency platform called Solano Fi. He claimed that the investment idea came to him in a divine dream, using this narrative to persuade church members and the public to invest.
Using platforms like Facebook and Telegram, where his group had over 1,500 members, he extended his reach beyond the church to lure more investors.
False Promises and Manipulation
Pinillo promised investors monthly returns of 34.9% with zero risk. He assured them that their funds would be securely invested in cryptocurrencies and could be withdrawn at any time. However, the Solano Fi platform only allowed users to view their supposed balances without the ability to withdraw funds.
According to the indictment, Pinillo used the funds for personal expenses instead of investing them. When confronted by victims, he offered various excuses, including technical glitches on the platform or market downturns. In some cases, he convinced investors to recruit new members to "unlock" their funds, perpetuating the fraudulent scheme further.
Response from U.S. Authorities
The FBI conducted the investigation, and the charges were prepared by Assistant U.S. Attorneys Jeremy J. Kelly and Dan Fruchter. U.S. Attorney Vanessa Ruth Waldref highlighted that cryptocurrencies provide fraudsters with new ways to evade law enforcement, allowing them to transfer funds to foreign accounts, making recovery difficult.
Waldref also cautioned against blindly trusting projects endorsed by religious authorities. She stressed the importance of conducting due diligence before investing, especially in cryptocurrency-related ventures.
How to Spot Crypto Fraud?
Investors can protect themselves by watching for red flags such as:
Too-good-to-be-true offers, promising unrealistic returns.Unverified smart contracts.Lack of transparency.High-pressure sales tactics that push for immediate decisions.
If convicted, Pinillo faces up to 20 years in prison. This case serves as a reminder of the risks associated with cryptocurrency investments and the importance of staying informed and cautious when handling financial resources.
#CryptoFraud , #CryptoScamAlert , #CryptoCrime , #FraudAlert , #CryptoCommunitys
Stay one step ahead ā follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.ā
šØ Crypto Scam Alert: Text Message Fraudsters Steal Over $2 Million šØ
In a recent crackdown, the New York Attorney Generalās office revealed that scammers stole over $2 million in cryptocurrency by deceiving individuals seeking remote job opportunities. ļæ¼
Scam Details:
ā¢ Modus Operandi: Victims received unsolicited text messages offering high-paying remote jobs reviewing products online.
ā¢ Deception: To start earning, individuals were instructed to open cryptocurrency accounts and maintain specific balances.
ā¢ Outcome: Instead of receiving their investments plus commission, the funds were diverted into the scammersā digital wallets.
Impact on Victims:
ā¢ Seven victims from New York, Virginia, and Florida have been identified.
ā¢ Losses include a New York resident who lost $100,000 and a Florida woman who lost $300,000.
Legal Actions:
ā¢ Attorney General Letitia James seeks to recover the stolen funds, emphasizing the cruelty of exploiting job seekers.
ā¢ Collaborating with the Queens District Attorneyās cryptocurrency unit, authorities have traced and frozen the stolen crypto assets, aiming for restitution to the victims.
Protect Yourself:
ā¢ Be Skeptical: Unsolicited job offers, especially those requiring upfront investments, should be approached with caution.
ā¢ Verify Legitimacy: Research companies and job offers thoroughly before engaging.
ā¢ Guard Personal Information: Avoid sharing sensitive financial details with unverified sources.
Stay vigilant and informed to protect yourself from such fraudulent schemes.
#Cryptoscam #FraudAlert #StaySafeOnline #cryptocurrency #JobScam
In a recent crackdown, the New York Attorney Generalās office revealed that scammers stole over $2 million in cryptocurrency by deceiving individuals seeking remote job opportunities. ļæ¼
Scam Details:
ā¢ Modus Operandi: Victims received unsolicited text messages offering high-paying remote jobs reviewing products online.
ā¢ Deception: To start earning, individuals were instructed to open cryptocurrency accounts and maintain specific balances.
ā¢ Outcome: Instead of receiving their investments plus commission, the funds were diverted into the scammersā digital wallets.
Impact on Victims:
ā¢ Seven victims from New York, Virginia, and Florida have been identified.
ā¢ Losses include a New York resident who lost $100,000 and a Florida woman who lost $300,000.
Legal Actions:
ā¢ Attorney General Letitia James seeks to recover the stolen funds, emphasizing the cruelty of exploiting job seekers.
ā¢ Collaborating with the Queens District Attorneyās cryptocurrency unit, authorities have traced and frozen the stolen crypto assets, aiming for restitution to the victims.
Protect Yourself:
ā¢ Be Skeptical: Unsolicited job offers, especially those requiring upfront investments, should be approached with caution.
ā¢ Verify Legitimacy: Research companies and job offers thoroughly before engaging.
ā¢ Guard Personal Information: Avoid sharing sensitive financial details with unverified sources.
Stay vigilant and informed to protect yourself from such fraudulent schemes.
#Cryptoscam #FraudAlert #StaySafeOnline #cryptocurrency #JobScam
ā ļøćCrypto Scam Alert in Franceć
According to the AMF, crypto-related scams cost victims up to ā¬500M annually!
šø Males under 35 are the most affected, driven by quick-profit motives and insufficient investment knowledge. Scammers exploit social media with promises of unrealistic returns.
French authorities are intensifying efforts with the Paris prosecutorās office and other agencies to crack down on these frauds. Stay vigilant and avoid falling for too-good-to-be-true offers!
#crypto #FraudAlert #France #InvestmentScams
According to the AMF, crypto-related scams cost victims up to ā¬500M annually!
šø Males under 35 are the most affected, driven by quick-profit motives and insufficient investment knowledge. Scammers exploit social media with promises of unrealistic returns.
French authorities are intensifying efforts with the Paris prosecutorās office and other agencies to crack down on these frauds. Stay vigilant and avoid falling for too-good-to-be-true offers!
#crypto #FraudAlert #France #InvestmentScams
šØ AI-Powered Tool Breaks KYC Protocols!
A new AI deepfake tool called ProKYC is taking crypto fraud to a whole new level of sophistication. It enables cybercriminals to bypass even the toughest Know Your Customer (KYC) checks on some crypto exchanges and financial platforms. According to cybersecurity firm Cato Networks, this tool is a game-changer for scammers looking to create fake identities out of thin air, making it easier than ever to open fraudulent accounts.
Forget the days of buying fake IDs off the dark webāProKYC allows bad actors to generate AI-powered identities, complete with realistic facial animations and deepfake videos. It can pass high-level KYC processes that involve matching live webcam images to government-issued IDs like passports or driver's licenses.
š How Does ProKYC Work?
ProKYC creates an AI-generated face and inserts it into a fake ID template.
It then uses a deepfake video to match the AI-generated face with the userās real-time webcam image, allowing scammers to bypass verification processes used by major exchanges like Bybit.
Itās not just crypto exchanges at riskāpayment platforms like Stripe and Revolut could also be vulnerable.
While the tech is groundbreaking for fraudsters, itās a nightmare for exchanges trying to maintain security. Overly strict biometric systems could cause false positives, and too lax systems let scammers slip through unnoticed.
That's exactly why we need blockchain technology and proof-of-humanity! Of course Bonuz and IDSign together will solve such problems too.
Stay updated with @Professor Mende - Bonuz Ecosystem Founder and drop a follow for more updates!
#SCAMalerts #fraudalert #scam Ā #fraud Ā #kyc
A new AI deepfake tool called ProKYC is taking crypto fraud to a whole new level of sophistication. It enables cybercriminals to bypass even the toughest Know Your Customer (KYC) checks on some crypto exchanges and financial platforms. According to cybersecurity firm Cato Networks, this tool is a game-changer for scammers looking to create fake identities out of thin air, making it easier than ever to open fraudulent accounts.
Forget the days of buying fake IDs off the dark webāProKYC allows bad actors to generate AI-powered identities, complete with realistic facial animations and deepfake videos. It can pass high-level KYC processes that involve matching live webcam images to government-issued IDs like passports or driver's licenses.
š How Does ProKYC Work?
ProKYC creates an AI-generated face and inserts it into a fake ID template.
It then uses a deepfake video to match the AI-generated face with the userās real-time webcam image, allowing scammers to bypass verification processes used by major exchanges like Bybit.
Itās not just crypto exchanges at riskāpayment platforms like Stripe and Revolut could also be vulnerable.
While the tech is groundbreaking for fraudsters, itās a nightmare for exchanges trying to maintain security. Overly strict biometric systems could cause false positives, and too lax systems let scammers slip through unnoticed.
That's exactly why we need blockchain technology and proof-of-humanity! Of course Bonuz and IDSign together will solve such problems too.
Stay updated with @Professor Mende - Bonuz Ecosystem Founder and drop a follow for more updates!
#SCAMalerts #fraudalert #scam Ā #fraud Ā #kyc
šØ Oklahoma Man Pleads Guilty to Fraud in Cryptocurrency Investment Scheme šØ
Travis Ford, a 35-year-old from Oklahoma, has admitted to his role in a massive cryptocurrency fraud. Acting as the co-founder and CEO of Wolf Capital Crypto Trading LLC, Ford lured nearly 2,800 investors between January and August 2023, promising returns of up to 547% annually.
But the promises were too good to be true. The U.S. Department of Justice revealed that Ford raised $9.4 million through false claims, using the funds for personal gain. Now, he faces up to five years in prison.
This case is a stark reminder of the importance of due diligence in the fast-moving world of crypto investments. Stay informed, stay safe. š”ļø
#CryptocurrencyPotential #FraudAlert #InvestmentScam #Binance #CryptoNewss #StaySafe
Travis Ford, a 35-year-old from Oklahoma, has admitted to his role in a massive cryptocurrency fraud. Acting as the co-founder and CEO of Wolf Capital Crypto Trading LLC, Ford lured nearly 2,800 investors between January and August 2023, promising returns of up to 547% annually.
But the promises were too good to be true. The U.S. Department of Justice revealed that Ford raised $9.4 million through false claims, using the funds for personal gain. Now, he faces up to five years in prison.
This case is a stark reminder of the importance of due diligence in the fast-moving world of crypto investments. Stay informed, stay safe. š”ļø
#CryptocurrencyPotential #FraudAlert #InvestmentScam #Binance #CryptoNewss #StaySafe