By Leonardo Blair, Senior Reporter Wednesday, January 24, 2024 Pastor Eligio “Eli” Regalado of Denver, Colo., admits to pocketing $1.3 million Christians invested in his INDXcoin cryptocurrency. | YouTube/ Molly White Eligio “Eli” Regalado, a Colorado pastor facing civil fraud charges with his wife Kaitlyn, for selling some $3.2 million in a worthless cryptocurrency to
KATHMANDU, Jan 24: A case has been registered at the Kathmandu District Court against a group of 17 people on the charge of dealing around Rs 300 billion through illegal hundi, cryptocurrency transactions and various digital platforms. Among these 17 people is the controversial businessman Bimal Poddar. Based on the investigation report of the Central
The Regalados used the funds to support their “lavish lifestyle,” the complaint said. An online pastor in the United States has been charged with civil fraud for selling a cryptocurrency that regulators described as “practically worthless”. According to CBS News, Colorado’s securities commissioner filed a legal complaint against Eligio Regalado and his wife Kaitlyn Regalado
By Leonardo Blair, Senior Reporter Tuesday, January 23, 2024 The Rev. Eli Regalado of Victorious Grace Church. | Screengrab/YouTube/Victorious Grace An online pastor and his wife are facing civil fraud charges in Colorado for selling some $3.2 million in a worthless cryptocurrency they created called “INDXcoin” to hundreds of Christians while claiming that God said
Cryptocurrency companies operating in India had a tough time in 2023. The government imposed a 1 per cent TDS tax directly on crypto companies. Towards the year’s end, the financial intelligence unit issued a notice to 9 foreign cryptocurrency exchanges. These exchanges were found to be operating illegally in India as they didn’t follow the
The Internal Revenue Service has revised the question it has asked in recent years about income from digital assets such as cryptocurrency on the Form 1040 for individual taxpayers this tax season and added it for the first time to tax forms for estates, trusts, partnerships and C and S corporations. The question now appears
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, slipped down to the $41,000 mark early Monday. Other top coins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the reds across the boarrd. The Manta Network (MANTA) token emerged to be the
Hong Kong is set to develop a more flexible regime for cryptocurrency exchange-traded funds (ETFs), even though the US leads in both approval speed and market size, experts said. A key difference between Hong Kong’s proposed rules for spot cryptocurrency ETFs and products approved in the US is that Hong Kong will allow both cash
Authorities said they arrested Jicha and unsealed an indictment containing four charges against him — securities fraud and conspiracies to commit securities fraud, wire fraud and money laundering — after he entered the U.S. for the first time in more than five years on Dec. 23, heading to Miami for vacation. He was arraigned in
Welcome back to “Ask an Advisor,” the advice column where real financial professionals answer questions from real people. The topic can be anything in the world of finance, from retirement to taxes to wealth management — or even advice on advising. Last week, after years of resistance, the SEC approved the spot bitcoin ETF. Specifically,