Pastor Who Scammed Christians By Selling Worthless Crypto Ordered To Repay $3.4M
(Christian Post) 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… to continue reading click here.
This article was written by Leonardo Blair, and published at the Christian Post.
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