Colorado pastor accused of defrauding Christians out of millions in cryptocurrency scheme
• Denver pastor Eli Regalado launched a cryptocurrency, INDXcoin, and sold it to his congregation and other Christians, raising over $3.2 million • Colorado regulators accuse Regalado and his wife of fraud, saying they pocketed $1.3 million to fund a lavish lifestyle instead of investing it • Regalado admitted in a video statement that he and his wife did profit $1.3 million from the crypto venture • State investigators say INDXcoin was "essentially worthless" and there was no real market for it beyond Regalado's investors • Regalado claims he was following God's direction in launching the crypto currency and still hopes for a "miracle" to recoup investors' money