Pastor Accused Of Defrauding Congregation With $3 Million Crypto Ponzi Scheme
Summary
Denver internet pastor Eli Regalado is under investigation for an alleged crypto Ponzi scheme involving INDX coin, resulting in over $3 million in ill-gotten gains. Regalado and his wife targeted hundreds of individuals with promises of extraordinary returns, diverting funds for personal expenses. Colorado authorities are taking action to recover funds and return them to defrauded investors. Regalado's attempt to invoke divine intervention in resolving the debacle has been met with skepticism. The cryptocurrency market has witnessed a significant surge, with Bitcoin dominating with a market cap of $795 billion.
