"Pastor Allegedly Steals Millions from Christians in Cryptocurrency Scam"

1 min read
Source: The Guardian US
"Pastor Allegedly Steals Millions from Christians in Cryptocurrency Scam"
Photo: The Guardian US
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.

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