A Denver, Colorado, cyberpastor and his wife have been indicted in a cryptocurrency scam that raised more than $3 million from religious investors. Cyber pastor Eli Regalado and his wife Kaitlyn have been charged with 40 counts stemming from what Denver District Attorney John Walsh called a "multi-million dollar cryptocurrency scam."
Between January 2022 and July 2023, the Regalados allegedly raised nearly $3.40 million by encouraging members in their religious network to buy INDXcoin, a token they created and sold through the Kingdom Wealth Exchange platform. They spent at least $1.30 million on personal expenses, including a home renovation allegedly directed by "God", while only a small portion of the proceeds went to business investments. According to the indictment, at least 300 people invested in the token, which authorities described as having "zero value," resulting in a total loss for all investors.
Colorado pastor couple indicted in $3.40 million cryptocurrency scam
2025-07-23 09:26:22
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