"Pastor Claims Divine Guidance in $3.2M Crypto Fraud Case"
A pastor and his wife in Denver are facing civil charges for creating and selling a cryptocurrency called INDXcoin, which prosecutors said was "practically worthless," and using the proceeds to support a lavish lifestyle. The pastor, Eligio Regalado, claimed that God told him to sell the cryptocurrency and that investors couldn't cash out due to problems with the exchange. Prosecutors alleged that the couple raised nearly $3.2 million from over 300 people and pocketed about $1.4 million, with the rest going to the IRS and a home remodel. They are now facing legal action, and prosecutors are seeking damages to restore losses to investors.