Colorado pastor accused of pocketing $1.3M in crypto scheme says 'Lord told us to'

[beefheart]

Ain't no con artist like a Christian preacher...

Colorado pastor accused of pocketing $1.3M in crypto scheme says 'Lord told us to'

A Colorado-based pastor for an online church accused of pocketing $1.3 million through a cryptocurrency fraud scheme told followers in a video statement that the Lord told him to do it.

www.yahoo.com

A Colorado-based pastor for an online church accused of pocketing $1.3 million through a cryptocurrency fraud scheme told followers in a video statement that the Lord told him to do it.

Eli Regalado and his wife marketed their cryptocurrency, INDXcoin, to Christian communities in Denver, saying God told him people would become wealthy if they invested, the Colorado Division of Securities said in a statement Thursday.

INDXcoin raised nearly $3.2 million, the Securities Division said. At least $1.3 million of that went directly to the Regalados or was "used for their own personal benefit," said a complaint filed Tuesday in Denver County District Court.

The Regalados could not be reached for comment. In a video statement to his followers last week, Eli Regalado said the charges that they pocketed $1.3 million "are true."

“Out of the $1.3 [million], half a million dollars went to the IRS, and a few hundred thousand dollars went to a home remodel the Lord told us to do," he said in the video.

The couple also allegedly spent their investors’ funds on a Range Rover, luxury handbags, jewelry, an au pair, boat rentals and snowmobile adventures, according to the complaint.

 

[Threegoofs]

Ain't no con artist like a Christian preacher...

Colorado pastor accused of pocketing $1.3M in crypto scheme says 'Lord told us to'

A Colorado-based pastor for an online church accused of pocketing $1.3 million through a cryptocurrency fraud scheme told followers in a video statement that the Lord told him to do it.

www.yahoo.com

Sometimes the Lord calls us to the Prada store and the Range Rover dealer.

The Lord moves in mysterious ways, you cant question it.

I mean..... God was right. Some people DID become wealthy if they invested in the scheme.

 

[Mr Person]

"The Lord said: I want you to build this,” Regalado said. “We took God at his word and sold a cryptocurrency with no clear exit.”​

​

“We allege that Mr. Regalado took advantage of the trust and faith of his own Christian community and that he peddled outlandish promises of wealth to them when he sold them essentially worthless cryptocurrencies,” Colorado Securities Commissioner Tung Chan said in a statement. In the video message, Regalado confirmed that he and his wife made $1.3 million from selling the cryptocurrency, of which they spent “a few hundred thousand dollars” on “a home remodel that the Lord told us to do.”​

​

“Either I misheard God, and every one of you who prayed and came in — you as well. Or two, God is still not done with this project,” Regalado said.​

https://www.washingtonpost.com/nation/2024/01/23/crypto-pastor-colorado-god-eli-regalado/

Or three, you're just another lying piece of shit fraudster and your followers are deeply stupid.

 

[Ug make hammer]

I asked my God, and my God told me it was OK to swindle my friends out of their money.

Luckily for my reputation, I don't pay much attention to what my God says.

 

[Rexedgar]

Online church has to have low overhead.

 

[Old 'N Chill]

Ain't no con artist like a Christian preacher...

Amen!