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Surprisingly- INDXcoin: the crypto ordained by God was a fraud. Pastor facing charges.
Posted on 1/23/24 at 8:27 pm
Posted on 1/23/24 at 8:27 pm
"The Lord said: I want you to build this,” he said in the message. “We took God at his word and sold a cryptocurrency with no clear exit.”
quote:
A Colorado-based online pastor is facing fraud charges after allegedly pocketing over a million dollars from a cryptocurrency scheme he sold to his followers.
The complaint alleges, among other grievances, that the Regalados targeted a devout community and sold an "unsafe" and "unsecure" product using Eli's religious position to do so. Investors, who were told God had a direct hand in the crypto, have since lost millions, according to the securities commissioner...
The Regalados first began selling their cryptocurrency, called INDXcoin, to the Denver Christian community in June 2022, raising nearly $3.2 million from more than 300 individuals by April 2023
quote:
“Either I misheard God, and every one of you who prayed and came in — you as well. Or two, God is still not done with this project."
quote:
“Out of the $1.3 [million], half a million dollars went to the IRS, and a few hundred thousand dollars went to a home remodel the Lord told us to do," he said.
quote:
“I said: Lord, I don’t want to do this. I don’t know how to do this. I don’t have any experience in this industry," said Eli. "I don’t know what I’m doing. I don’t want to be caught up in something.”
Posted on 1/23/24 at 8:28 pm to TigerintheNO
The Lord works in mysterious ways...
Posted on 1/23/24 at 8:32 pm to TigerintheNO
Who is any man to argue?
Posted on 1/23/24 at 8:41 pm to TigerintheNO
quote:
a few hundred thousand dollars went to a home remodel the Lord told us to do," he said.
He’s just abiding by the lesser known Eleventh Commandment: Thou shall not allow thy pastor’s abode be affixed with appurtenances more than ten years old
Posted on 1/23/24 at 8:53 pm to TigerintheNO
Churches are the biggest scammers
Posted on 1/23/24 at 10:20 pm to 21JumpStreet
The mega churches are but not the small country churches.
Posted on 1/23/24 at 11:45 pm to TigerintheNO
Don’t axe no questions. Like why come the pastor have to have a nice car.
Posted on 1/23/24 at 11:50 pm to weurf3
Best use of that line I've ever heard.
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