Denver, an online pastor from Colorado and his wife, were accused on Tuesday of allegations related to the cryptocurrency fraud system, which collected over $ 3 million from faith -based investors.
Online pastor Eli Regalado and his wife Kaitlyn were accused On 40 counts resulting from what District Prosecutor Denver John Walsh described as “a scam of cryptocurrency worth many millions of dollars.”
Between January 2022 and July 2023, Regalados allegedly asked almost $ 3.4 million, encouraging people in their religious network to buy Indxcoin, token, which he created and sold through the Kingdom wealth exchange platform.
They spent at least $ 1.3 million on personal expenses, including the renovation of the house, which, as they claimed, told them “Mr.”, while only a petite amount of income went to a business undertaking.
According to the indictment, at least 300 people invested in token, which according to the authorities “maintained zero value”, which caused total losses for all investors.
“These allegations mean a significant step forward in our work to pull Regalados responsible for the alleged crimes and bring a measure of justice to the victims,” said District Prosecutor Denver John Walsh on Tuesday press releaseAddition:
“I want to thank the prosecutors and investigators in my office, especially investigators from Colorado Division of Securities and the Office of the Prosecutor General in Kolado, whose unique work on the case caused this indictment.”
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The pastor claims that divine tips
The indictment appears six months after the internet pastor from Colorado and his wife were accused of fraud for their role in issuing and marketing the token of fraud Indxcoin to his observers, Cointelegraph informed on January 22.
“We claim that Mr. Regalado benefited from the trust and faith of his own Christian community and that he sold them the strange promises of wealth when he sold them basically worthless cryptocurrencies” It was found Colorado Commissioner of Securities Tung Chan then, adding:
“The complaint claims that Regalado aimed at the Christian community in Denver and claimed that God told him directly that investors would become rich if they put money on Indxcoin.”
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Cryptocurrency fraud is a growing problem for retail investors. In May, the investigation led by FBS led to the arrest of a man from Novel Zealand, who allegedly stolen digital assets worth $ 265 million.
The authorities claim that funds were used to buy luxury cars and designer goods.
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