Three men accused of passing themselves off as pastors to get churchgoers and other investors to put money into what prosecutors say was a $28 million Ponzi scheme have been indicted by a federal jury in Maryland.
According to the indictment unsealed on Friday, Denni Jali, a South African citizen who used to live in Maryland, together with Maryland residents Arley Ray Johnson and John Erasmus Frimpong, persuaded people to invest in a cryptocurrency and foreign-exchange trading fund they ran.
Instead of investing it, the three men allegedly used the money to fund their extravagant lifestyles, the indictment notes.
