"Pastor Allegedly Steals Millions from Christians in Cryptocurrency Scam"

TL;DR Summary
A Colorado pastor and his wife are charged with creating and selling a cryptocurrency, INDXcoin, to their Christian community, allegedly promising wealth based on God's instruction, but the cryptocurrency was practically worthless. The couple admitted to squandering $1.3m raised through the scheme for personal luxury purchases, including a home remodel, despite claiming the money would help widows and orphans. Civil fraud charges have been filed, and the couple is scheduled to appear in court.
- ‘The Lord told us to’: US pastor says he stole $1m from Christians to remodel home The Guardian US
- Colorado pastor accused of pocketing $1.3M in crypto scheme says 'Lord told us to' Yahoo News
- Colorado pastor Eli Regalado faces civil charges for alleged crypto scam The Washington Post
- Colorado pastor faces fraud charges after targeting congregation in alleged $3.2 million cryptocurrency scheme 9News.com KUSA
- Pastor created 'worthless' cryptocurrency targeting Christians to support 'lavish lifestyle': Authorities ABC News
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Read on The Guardian US