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Eligio Regalado and his wife, Kaitlyn, claim they were following God’s will through cryptocurrency trades. Colorado officials, on the other hand, say they were unlawfully enriching themselves at the expense of investors. The couple is now facing civil fraud charges.
(DENVER) — A Colorado-based pastor and his wife are facing fraud charges after they admitted to “pocketing” 1.3 million dollars after selling “worthless” cryptocurrency to faithful followers. A civil suit was filed against Eligio (Eli) and Kaitlin Regalado by the Colorado Securities Commission. In a press release on Jan. 18, Colorado Securities Commissioner Tung Chan […]
A Colorado-based pastor for an online church accused of pocketing $1.3 million through a cryptocurrency fraud scheme told followers in a video statement that the Lord told him to do it.
Colorado securities regulators allege Pastor Eli Regalado "peddled outlandish promises of wealth" to other Christians.