Posted 1/24/2024, 2:00:00 PM
Colorado Pastor Accused of Defrauding Christian Investors Out of Millions in Cryptocurrency Scheme
- Colorado pastor Eligio Regalado accused of selling $3.2M in worthless cryptocurrency to Christian community members
- Regalado claims he was following God's instructions to launch his own cryptocurrency called INDXcoin
- Over 300 investors lost millions; Regalado used money to fund lavish lifestyle and home remodel
- Regalado now says he may have "misheard" God's directions, admits he had no crypto experience
- Colorado securities commissioner alleges Regalado took advantage of people's trust and faith to peddle false promises