Federal prosecutors allege that Cristian Popescu used his position as a pastor to persuade more than 30 investors to fund a company that had little or no real value.
A pastor in Washington State, United States, has been indicted on federal charges alleging that he defrauded church members and other investors of at least $13 million through an investment scheme linked to a purported online marketplace and social media company.
The pastor, Cristian Popescu, 46, who leads Passion for Christ Church in Kirkland, was arraigned in federal court in Seattle on October 13, 2026, according to the US Department of Justice.
Prosecutors allege that Popescu used his religious authority and the trust of congregants to persuade more than 30 investors to put money into Followone Inc., a company he claimed operated a valuable online platform.
According to the indictment, Popescu told church members that God had chosen them to invest in the business and that their investments would further the church’s mission.
Prosecutors allege investors were misled
The US Department of Justice said the company was presented as an online marketplace and social network offering services across sectors including real estate, healthcare, travel and other consumer markets.
Investigators allege that the platform had little or no genuine commercial value despite representations that the business was generating substantial revenue and preparing for a potential stock market listing.
Prosecutors further allege that investors were encouraged to commit significant personal resources, with some drawing on retirement savings, home equity loans and funds intended for their children’s education.
The indictment alleges that more than $4.5 million in company funds was transferred to accounts belonging to Popescu, his wife and other family members.
Investigators also allege that money was used for personal expenses and stock trading.
Pastor pleads not guilty
Popescu has pleaded not guilty to 10 counts of wire fraud and five counts of money laundering, according to the Justice Department. His trial is scheduled for December 21, 2026.
The charges follow an investigation into the company’s finances and the handling of money obtained from investors.
If convicted, Popescu could face substantial prison sentences under US federal law. The applicable penalties would depend on the counts for which he might be convicted and the court’s eventual determination.
The allegations have raised concerns about the potential misuse of religious authority to solicit investments and the financial risks faced by people who rely on trust within their faith communities.
The defendant is presumed innocent unless and until proven guilty in court.