Denver Pastor, Wife Indicted in Alleged $3.4 Million Crypto Scam
A Denver grand jury indicted Colorado pastor Eli Regalado and his wife Kaitlyn on 40 felony charges for allegedly running a multi-million-dollar cryptocurrency scam targeting their Christian community. The couple is accused of soliciting nearly $3.4 million from over 300 investors for INDXcoin, claiming divine guidance while pocketing $1.3 million for personal luxuries. INDXcoin, marketed through their online church, had no value, leading to total losses for investors. The Regalados controlled the Kingdom Wealth Exchange platform, which they allegedly shut down to prevent withdrawals. Eli Regalado claimed that half of the raised funds went to taxes and a home remodel directed by God. He admitted to the allegations in a deleted video but insisted that "God is not done with this project." The charges include theft, securities fraud, and racketeering.
