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

1 min read
Source: NBC News
"Colorado Pastor's $3.2M Crypto Scheme Blamed on Divine Guidance"
Photo: NBC News
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.

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