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"Brooklyn Prosecutors Halt $75 Billion 'Pig Butchering' Crypto Scam, UN Warns of Southeast Asia Victims"
1 year ago•Source: ABC News
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4.29 min•2 years ago
"Colorado Pastor Allegedly Uses Divine Guidance to Defraud Christians in $3M Crypto Scheme"
Colorado pastor Eli Regalado and his wife are accused of pocketing $1.3 million from their followers after launching a cryptocurrency venture, INDXcoin, which state regulators say was essentially worthless. The couple used around $1.3 million of the investment funds for personal expenses, including a Range Rover, jewelry, cosmetic dentistry, vacations, and home renovations. Regalado admitted to profiting from the venture in a video statement and claimed that God led him to start the crypto venture. The Colorado Division of Securities filed civil fraud charges against the pastor and his wife, accusing them of violations of the state’s Securities Act.
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"Pastor Claims Divine Guidance in $3M Crypto Scam Fraud Charges"
Business Insider•2 years ago
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"Denver Pastor Claims Divine Guidance in $1.3M Crypto Scheme"
FOX 31 Denver•2 years ago
More Cryptocurrency Scam Stories
"Colorado Pastor Faces Civil Charges for Alleged $3.2M Crypto Scam Targeting Christian Community"
Pastor Eligio Regalado and his wife are facing civil fraud charges for selling a cryptocurrency, INDXcoin, that regulators deemed "practically worthless," allegedly raising $3.2 million from over 300 investors in Denver's Christian community. Regalado claimed that he was following God's instructions, but acknowledged the possibility of "mishearing" and admitted to having no prior experience in trading cryptocurrencies. The couple allegedly used the funds to support a lavish lifestyle, and the Colorado Securities Commissioner accused them of taking advantage of their Christian community's trust.
"Pastor's $3 Million Crypto Scam Funds Home Renovation, Blames Divine Intervention"
Denver internet pastor Eli Regalado and his wife swindled over $3 million from hundreds of people through a crypto scam, spending the money on home renovations, a Range Rover, jewelry, and luxury handbags. Regalado, who used biblical language to lure investors, defended his actions in a video, claiming that the misappropriation of funds was directed by the Lord. The state of Colorado is expected to seize remaining funds and return them to investors, while Regalado remains optimistic, predicting a miracle in the financial sector.
The Rise and Fall of Home Improvement Star Zachery Ty Bryan: From Bitcoin Fortune to Legal Troubles and Domestic Violence Arrest.
Home Improvement star Zachery Ty Bryan scammed several people into investing in a crypto company, owing them around $50,000. Bryan sold tokens privately despite Producers Market previously deciding not to go forward with such a sale. He even convinced a college student to transfer him $5,000. Bryan has also received several DUIs, admits to having an alcohol problem, and has been hit with a lawsuit by a man who claims Bryan failed to return a $60,000 investment he made in a film Bryan was producing.