🌩️Online pastor charged with fraud for selling worthless cryptocurrency
💬Claimed God told him to sell the cryptocurrency
💰Raised $3.2 million from Christian community, promising high profits
📉Regulators allege the cryptocurrency is practically worthless
💸Pastor admits to pocketing $1.3 million
What is the pastor accused of?
—The pastor is accused of civil fraud for selling a cryptocurrency that regulators deemed practically worthless.
Why did the pastor claim to sell the cryptocurrency?
—The pastor claimed that God told him to sell the cryptocurrency.
How much money did the pastor and his wife raise?
—The pastor and his wife raised $3.2 million from their Christian community.
What do regulators allege about the cryptocurrency?
—Regulators allege that the cryptocurrency is practically worthless.
How much money did the pastor admit to pocketing?
—The pastor admits to pocketing $1.3 million.
00:00An online pastor is charged with civil fraud for selling a practically worthless cryptocurrency.
00:30Regulators allege that the pastor violated fraud laws and deceived his Christian community.
01:15The pastor claimed that God told him to sell the cryptocurrency.
02:00The pastor and his wife raised $3.2 million from their Christian community, promising high profits.
03:25Regulators describe the cryptocurrency as practically worthless.
04:10The pastor admits to pocketing $1.3 million from the scheme.
