Colorado crypto-pastor and wife hawk worthless scheme to followers, spend $1.3 million living it up, but wait: ‘the Lord told us to’

Coloradan pastor Eli Regalado and his wife have been accused of marketing a near-worthless cryptocurrency, INDXcoin, to their followers and essentially pocketing the proceeds. But then, the Lord told them to.

The Colorado Division of Securities, per NBC News, said Regalado claimed God had told him people would become wealthy if they invested in the cryptocurrency fraud scheme. It says INDXcoin raised around $3.2 million, and at least $1.3 million of that went straight to the Regalados or was spent “for their own personal benefit”, per a complaint filed earlier this week in Denver County District Court (where most of the victims were located).

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By asm3a