DENVER, Colo. (WJW) – One Denver The pastor and his wife face civil fraud charges after investigators say they pocketed $1.3 million.
Eligio (Eli) and Kaitlyn Regaldo are accused of selling “practically worthless“cryptocurrency that they owned and operated for members of the Christian community.
The pastor said, “God told him people would get rich” if they invested, according to the Colorado Securities Division.
According to complaint Filed by the Colorado Attorney General’s Office, Colorado Securities Division investigators discovered that between June 2022 and April 2023, INDXcoin raised nearly $3.2 million from more than 300 individuals.
Investigators said the profits went directly to the Regaldos.
But when these allegations came to light, Eli said he was simply following God’s order.
“Half a million dollars went to the IRS (Internal Revenue Services) and a few hundred thousand dollars went to renovating a house that the Lord told us to do,” Regalado said in a communicated. a video.
Investigators said the money was also used to finance lavish vacations, handbags and jewelry.
Regalado insisted in the video that he believed that “God is going to do a miracle in the financial sector” and that people would get their money back.
The Regaldos are scheduled to appear in Denver District Court next week.
