The scam sold a vision of financial freedom through God, but instead lined the pockets of its organizers, prosecutors said.
That’s how Dennis Jali, a South African self-proclaimed finance guru sold his Christian-themed program of financial success to crowds of mainly African immigrants at churches and banquet halls in and around Baltimore and Washington, D.C.
But while Jali claimed he could multiply their money by as much as 35% through cryptocurrency and foreign exchange investments, prosecutors say it was simply an unholy scam. Last week, one of Jali’s co-conspirators, Arley Ray Johnson, 63, of Bowie, Maryland, was sentenced to 6 ½ years in federal prison for his role as 1st Million’s chief financial officer. A second defendant, John Erasmus Frimpong, a 42-year Ghanaian national who worked as the program’s chief marketing officer, pleaded guilty to wire and securities fraud in August and is scheduled to be sentenced next month.
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