"Pastor's $3 Million Crypto Scam Funds Home Renovation, Blames Divine Intervention"

1 min read
Source: Fortune
"Pastor's $3 Million Crypto Scam Funds Home Renovation, Blames Divine Intervention"
Photo: Fortune
TL;DR Summary

Denver internet pastor Eli Regalado and his wife swindled over $3 million from hundreds of people through a crypto scam, spending the money on home renovations, a Range Rover, jewelry, and luxury handbags. Regalado, who used biblical language to lure investors, defended his actions in a video, claiming that the misappropriation of funds was directed by the Lord. The state of Colorado is expected to seize remaining funds and return them to investors, while Regalado remains optimistic, predicting a miracle in the financial sector.

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