In God We Invest... Denver pastor and wife charged with $m's crypto currency scam

[butters]

https://www.msn.com/en-us/news/crim...&cvid=14a75d80bd8a45e6aad27cca3d1b7efc&ei=127

A Denver pastor and his wife have been accused of running a cryptocurrency scam and using the proceeds to pay for a home renovation and vacations.

Eligio “Eli” Regalado and Kaitlyn Regalado were indicted on 40 counts of theft, securities fraud and racketeering, the Denver District Attorney’s Office said last week. Prosecutors say the Regalados solicited $3.4 million from investors looking to buy their cryptocurrency, INDXCoin, but only a “small amount of the proceeds went to the business venture.”

Instead, the Regalados are accused of spending at least $1.3 million of those proceeds on personal expenses, including a home renovation that they said “the Lord” told them to do, prosecutors said. The couple is also accused of spending it on airline tickets, motel rooms and high-end retail merchandise, among other personal expenses.

The cryptocurrency has “zero value” and “all of the investors lost all of their money,” prosecutors said.

The couple maintains INDXcoin is not a security — which is a tradable or sellable financial asset — and therefore it did not require licensing or registration, The Denver Gazette reports. Instead, they say it’s a “utility coin” — which is tradable for products or services — to give people access to online faith-based communities.

 

[Bray123]

When even Trump launches his own Griftocurrency the whole world knows it's a scam.

I know a Nigerian Prince, does anyone want to send me their life's savings?

 

[Lazaran]

Crypto Cryme is gonna be YUUUUUUUGE!!!





We. Told. Them. So.

 

[Saint_Ann]

It was going so well until they got caught. Bray's TDS will always find a way to blame Trump. Lol.

 

[73Seahawks]

https://www.msn.com/en-us/news/crim...&cvid=14a75d80bd8a45e6aad27cca3d1b7efc&ei=127

The Secret Grifting!

 

[Bray123]

It was going so well until they got caught. Bray's TDS will always find a way to blame Trump. Lol.

Have you bought any of Trump's grifto? Did you make any profit out of it?

Saudi, China, Qatar, UAE and others have bought a load, but it's mere bribe-laundering. They won't expect anything back.

 

[Saint_Ann]

Have you bought any of Trump's grifto? Did you make any profit out of it?

Saudi, China, Qatar, UAE and others have bought a load, but it's mere bribe-laundering. They won't expect anything back.

I don't think so. I have a guy.

 

[Bray123]

I don't think so. I have a guy.

We know that. But have you bought any of his Grifto?