"Pastor Claims Divine Guidance in $3M Crypto Scam Fraud Charges"

A Colorado pastor and his wife are being sued for allegedly defrauding investors of $1.3 million through their cryptocurrency business, INDXcoin, which was described as "illiquid and practically worthless" by the Colorado Securities Commissioner. The pastor admitted to pocketing the money, claiming that part of it was used for a biblically ordained home remodel. The couple assured investors that the cryptocurrency was "safer than other currencies" and promised significant returns, but eventually shut down their operations due to lack of liquidity. They allegedly used investor funds for luxury items and personal expenses, and their bank accounts have been frozen while the case continues.