"Colorado Pastor's $3.2M Crypto Scheme Blamed on Divine Guidance"

TL;DR Summary
A 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 face charges of securities fraud, unlicensed broker-dealer activity, and selling unregistered securities, and are scheduled to appear in court. The Colorado Securities Commissioner urges those who invested in INDXcoin to contact the authorities.
- Colorado pastor accused of pocketing $1.3M in crypto scheme says 'Lord told us to' NBC News
- Pastor blows proceeds from $3 million crypto scam on home renovations, blames ‘the Lord’ AOL
- Pastor Said God Told Him To Remodel Home After Selling $1.3M Worth Of 'Worthless Crypto' To Followers Benzinga
- Colorado pastor faces fraud charges after targeting congregation in alleged $3.2 million cryptocurrency scheme 9News.com KUSA
- Pastor Eli Regalado blames Jesus for bad crypto advice in $3.2M scam (video) Boing Boing
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