"Colorado Pastor Faces Civil Charges for Alleged $3.2M Crypto Scam Targeting Christian Community"

Pastor Eligio Regalado and his wife are facing civil fraud charges for selling a cryptocurrency, INDXcoin, that regulators deemed "practically worthless," allegedly raising $3.2 million from over 300 investors in Denver's Christian community. Regalado claimed that he was following God's instructions, but acknowledged the possibility of "mishearing" and admitted to having no prior experience in trading cryptocurrencies. The couple allegedly used the funds to support a lavish lifestyle, and the Colorado Securities Commissioner accused them of taking advantage of their Christian community's trust.