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
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
Eli Regalado, the Denver pastor who’s being sued along with his wife by Colorado’s securities commission for selling millions of dollars in ‘valueless’ INDXcoin cryptocurrency, has responded to the allegations in the lawsuit in a video uploaded to INDXcoin’s community forum. In the video, Pastor Eli Regalado admits that the investors into the cryptocurrency run