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Pastor Eli Regalado blames Jesus for bad crypto advice in $3.2M scam (video)
Monday January 22, 2024. 06:18 PM , from BoingBoing
The Colorado Securities Commissioner filed civil fraud charges against Colorado pastor Eli Regalado and his wife, Kaitlyn. The couple is accused of defrauding 300 Christian investors of $3.2 million by selling them an 'illiquid and practically worthless' cryptocurrency called INDXcoin. According to a press release issued by the Colorado Securities, Regalado targeted Christian communities in Denver, claiming God 'told him directly that investors would become wealthy if they put money into INDXcoin.' — Read the rest
The post Pastor Eli Regalado blames Jesus for bad crypto advice in $3.2M scam (video) appeared first on Boing Boing.
https://boingboing.net/2024/01/22/eli-regalado-fraud.html
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