"Colorado Pastor Allegedly Scams Congregation of $3.2M in Cryptocurrency Scheme, Blames Divine Guidance"

1 min read
Source: Yahoo News
"Colorado Pastor Allegedly Scams Congregation of $3.2M in Cryptocurrency Scheme, Blames Divine Guidance"
Photo: Yahoo News
TL;DR Summary

Colorado pastor and his wife are accused of pocketing $1.3 million through a cryptocurrency fraud scheme, claiming that the Lord told them to do it. They marketed their cryptocurrency, INDXcoin, to Christian communities in Denver, promising wealth through investment. The couple allegedly spent investors' funds on personal expenses, including a home remodel, luxury items, and travel. They are charged with securities fraud and are scheduled to appear in court. The Colorado Securities Commissioner urges those who invested in INDXcoin to contact the authorities.

Share this article

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

3 min

vs 4 min read

Condensed

88%

69783 words

Want the full story? Read the original article

Read on Yahoo News