- Feb 5, 2002
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Pastor, wife who sold cryptocurrency indicted on fraud charges
Online pastor Eligio "Eli" Regalado and his wife, Kaitlyn, who led Victorious Grace Church, were indicted on 40 counts of fraud by a grand jury in Denver, Colorado, in connection with an alleged cryptocurrency scam they claim God told them to operate.
Colorado Securities Commissioner Tung Chan filed civil fraud charges against the Regalados, along with INDXcoin, LLC, Kingdom Wealth Exchange, LLC, and others for allegedly violating the anti-fraud, licensing and registration provisions of the Colorado Securities Act.
The couple had sold a cryptocurrency they called “INDXcoin” to their Christian followers, claiming that it would make them rich.
Continued below.
www.christianpost.com
Online pastor Eligio "Eli" Regalado and his wife, Kaitlyn, who led Victorious Grace Church, were indicted on 40 counts of fraud by a grand jury in Denver, Colorado, in connection with an alleged cryptocurrency scam they claim God told them to operate.
Colorado Securities Commissioner Tung Chan filed civil fraud charges against the Regalados, along with INDXcoin, LLC, Kingdom Wealth Exchange, LLC, and others for allegedly violating the anti-fraud, licensing and registration provisions of the Colorado Securities Act.
The couple had sold a cryptocurrency they called “INDXcoin” to their Christian followers, claiming that it would make them rich.
Continued below.
Pastor, wife who claim God told them to sell cryptocurrency indicted on fraud charges
A Denver pastor and his wife, who claim God told them to sell cryptocurrency, have been indicted on fraud charges
www.christianpost.com
