A Colorado pastor and his wife are dealing with dozens of costs in connection to a cryptocurrency scam after investigators say they used “faith-based connections” to steal tens of millions from traders, in response to the Denver District Legal professional’s Workplace.
Eli, who ran the online-only Victorious Grace Church, and Kaitlyn Regalado have been indicted by a grand jury on 40 costs related to soliciting almost $3.4 million from traders who purchased right into a cryptocurrency they created and marketed known as INDXcoin, the DA’s workplace introduced Tuesday.
Solely a small quantity of that cash went towards the enterprise, investigators say, and at the least $1.3 million went to non-public bills, together with a house renovation the couple mentioned “the Lord” informed them to do.
“These costs mark a serious step ahead in our work to carry the Regalados accountable for his or her alleged crimes and to convey a measure of justice to the victims,” Denver District Legal professional John Walsh mentioned in a press release.
This can be a growing story and will probably be up to date.
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