"Colorado Pastor Faces Fraud Charges for Alleged $3.2M Crypto Scheme"
TL;DR
A Colorado pastor and his wife are accused of defrauding hundreds of local Christians in a cryptocurrency scheme, allegedly raising over $3 million by selling a "practically worthless" crypto called INDXcoin. The couple, who had no experience in cryptocurrency, used the funds for a lavish lifestyle, including a Range Rover, luxury items, and boat rentals. The pastor claimed that his plan was inspired by God and that investors would become wealthy, but a third-party auditor found INDXcoin to be "unsafe, unsecure, and riddled with technical problems." The couple is facing civil fraud charges and are scheduled to appear in court next week.
- Colorado pastor accused of multimillion dollar crypto scheme BBC.com
- Colorado pastor accused of pocketing $1.3M in crypto scheme says 'Lord told us to' Yahoo News
- ‘The Lord told us to’: US pastor says he stole $1m from Christians to remodel home The Guardian US
- Colorado pastor faces fraud charges after targeting congregation in alleged $3.2 million cryptocurrency scheme 9News.com KUSA
- Colorado pastor Eli Regalado faces civil charges for alleged crypto scam The Washington Post
Want the full story? Read the original reporting
Read on BBC.com