Pastor Admits to Pocketing $1.3M from Cryptocurrency Scheme Targeting Christian Community
• Colorado pastor Eli Regalado admits pocketing $1.3M from cryptocurrency scheme targeting Christian community
• Regalado and wife collected money through selling own cryptocurrency called INDXcoin to 300+ people
• State authorities allege funds were used on luxury items and home remodel instead of cryptocurrency exchange
• Regalado claims in video IRS took $500K and exchange failed, leaving people unable to withdraw money
• State securities commissioner Regalado took advantage of Christian community's trust and sold them "worthless cryptocurrencies"