"Colorado Pastor's Alleged $3.2M Crypto Scam Funds Lavish Lifestyle and Home Renovations: Authorities"

Pastor and wife charged with fraud for creating and selling a cryptocurrency called INDXcoin to Christian communities, allegedly using the proceeds to support their lavish lifestyle. They targeted Christian communities in Denver, claiming that God told them investors would become wealthy, but the coin was found to be unsafe, unsecure, and riddled with technical problems. The Regalados are accused of dissipating investor funds while promoting the coin as a low-risk, high-profit investment, resulting in millions of dollars in losses for investors. Authorities are urging anyone who invested with INDXcoin or the Regalados' other entities to contact the Colorado Division of Securities.