Colorado pastor said the \u201cLord told him\u201d to steal $1.3 million in crypto Twitter: molly0xFFFA Colorado pastor Eli Regalado and his wife Kaitlyn stole $1.3 million in crypto and have been charged for violating anti-fraud provisions. With no previous experience in crypto, pastor Eli Regalado and his wife Kaitlyn invested their assets in INDXcoin, which they purported as a low-risk, high-profit endeavor. Like many scams, the risks were buried in promises that never came to fruition. According to the Colorado Attorney General\u2019s Office, the Regalados raised $3.2 million in crypto from 300 individuals in local Christian communities. The couple \u201cpeddled outlandish promises of wealth to them when he sold them essentially worthless cryptocurrencies,\u201d said Colorado Securities Commissioner Tung Chan. In the INDXcoin private community, Eli Regalado posted an update video in which he confessed to the charges and laid out the reasons he stole the crypto. Pastor explains why he stole crypto Eli and Kaitlyn Regalado alleged the \u201cLord told us\u201d to walk away from their marketing company in 2021. \u201c[The Lord] said, \u2018I\u2019m going to do a new thing.\u2019 Then, he took us into this cryptocurrency,\u201d said Eli. \u201cThat turned out to be a scam, so the Lord says, \u2018Give that to them,\u2019 but also, \u2018Give them a 10x.\u2019 I\u2019m like, \u2018Where is this liquidity going to come from?’\u201d \u201cLord says, \u2018Trust me,’\u201d he added. The couple then \u201claunched an exchange,\u201d which failed, and \u201cthings went downhill,\u201d he said. \u201cFrom that point forward, we\u2019ve been waiting on the Lord literally for a miracle.\u201d The original video runs nine minutes but has been supercut into just under two minutes. Out of the $1.3 million stolen crypto, the pastor claimed \u201chalf a million went to the IRS\u201d and \u201ca few hundred thousand dollars went to a home remold that the Lord told us to do.\u201d Money kept pouring in, and the couple continued \u201csewing it\u201d in INDXcoin. \u201cAt first, it was hundreds of dollars, then thousands of dollars, then tens of thousands of dollars. More money would come in,\u201d he said. \u201cWe were always under the impression that God was going to provide,\u201d he said. \u201cThat the source was neverending, that God was doing a new thing, and that we had nothing to worry about.\u201d \u201cWe took God at His word,\u201d he added. \u201cGod is going to work a miracle in the financial sector.\u201d The couple has been charged by the Colorado Securities Commission for \u201cselling millions of dollars of crypto that\u2019s been deemed worthless by the state.\u201d Additionally, \u201cthere is no exit for people who have bought,\u201d clarified the pastor.<\/p>\n","protected":false},"excerpt":{"rendered":"
Colorado pastor said the \u201cLord told him\u201d to steal $1.3 million in crypto Twitter: molly0xFFFA Colorado pastor Eli Regalado and his wife Kaitlyn stole $1.3 million in crypto and have been charged for violating anti-fraud provisions. With no previous experience in crypto, pastor Eli Regalado and his wife Kaitlyn invested their assets in INDXcoin, which […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-46076","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/46076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/comments?post=46076"}],"version-history":[{"count":0,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/46076\/revisions"}],"wp:attachment":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/media?parent=46076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/categories?post=46076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/tags?post=46076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}