- Feb 5, 2002
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A Denver judge has ordered online pastor Eligio "Eli" Regalado and his wife, Kaitlyn, who sold some $3.2 million in worthless cryptocurrency to their Christian followers, to repay nearly $3.4 million in restitution.
A press release from the Colorado Department of Regulatory Agencies said Denver District Court Judge Heidi L. Kutcher made the order last Friday after ruling in a civil lawsuit that the couple and INDXcoin LLC committed securities fraud in violation of the Colorado Securities Act. They are still facing 40 counts of fraud in a separate criminal case filed in July.
"The Regalados are 21st century false prophets who leveraged the new and promising technology of cryptocurrencies to run an old-fashioned scam, victimizing their own congregants and others,” Colorado Securities Commissioner Tung Chan said in response to Kutcher’s ruling.
Continued below.
www.christianpost.com
A press release from the Colorado Department of Regulatory Agencies said Denver District Court Judge Heidi L. Kutcher made the order last Friday after ruling in a civil lawsuit that the couple and INDXcoin LLC committed securities fraud in violation of the Colorado Securities Act. They are still facing 40 counts of fraud in a separate criminal case filed in July.
"The Regalados are 21st century false prophets who leveraged the new and promising technology of cryptocurrencies to run an old-fashioned scam, victimizing their own congregants and others,” Colorado Securities Commissioner Tung Chan said in response to Kutcher’s ruling.
Continued below.

Pastor, wife who sold worthless cryptocurrency to Christians ordered to repay $3.4M
A Denver judge has ordered online pastor Eligio Eli Regalado and his wife, Kaitlyn, who sold some 3 2 million in worthless cryptocurrency to their Christian followers, to repay nearly 3 4 million in
