Scamming Denver ‘Pastor’ Pocketed $1.3M Selling Worthless Cryptocurrency + Spent on House Remodel, Luxury Goods
(Denver Post) Speaking to online followers Aug. 22, 2022, Rev. Eli Regalado had a divine message.
“It was last October that the Lord brought this cryptocurrency to me. He said, ‘Take this to my people for a wealth transfer.’ It has been confirmed a hundred times since,” the pastor said, according to a lawsuit filed in Denver this week.
“It is coming, people,” he said. “Part of the making way for His people is to really train them up and teach them how finances work in the kingdom because many of you very soon are going to have more money than you’ve ever had in your life by participating in this crypto.”
Regalado, a Denverite who, alongside his wife Kaitlyn, runs the online-only Victorious Grace Church, is also the creator of the cryptocurrency INDXcoin and the Kingdom Wealth Exchange, the only online marketplace where INDXcoin could be bought and sold. Both INDXcoin and the exchange were shut down on Nov. 1, leaving investors scrambling for answers.
That same day, Regalado said that God had asked him to pass on a message to investors.
“Stay where you’re at. Stay in INDXcoins. Stay with where I’m telling you to go. I’m going to make a way,” the Lord said to crypto investors, according to Regalado. “Just take that word as gospel truth and execute on that word and do not worry about how the money’s going to happen. I really believe you’re going to see a miracle in very short order.”
State regulators say that no miracle has been forthcoming. So, they’re suing Eli and Kaitlyn Regalado for securities fraud… to continue reading click here.
This article was written by Justin Wingerter and published at the Denver Post. Video inserted by Protestia
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I feel for this guy. The Lord told me to buy thousands worth of Cardano last year shortly before it tanked by over 80%. Pretty sure it was The Deceiver and not the Lord at this point…
A fool and his money are easily parted…