‘Lord Told Us To’: Pastor Admits To Stealing $1.3 Million In Crypto Scheme

Photo: Getty Images A Denver pastor has admitted to running a cryptocurrency scheme in which he stole $1.3 million of donations from fellow Christians, according to People. Eligio Regalado and his wife Kaitlyn are facing charges including civil fraud in connection to the cryptocurrency scheme, according to a civil complaint filed in Denver District Court by the Colorado Attorney General’s Office, the Colorado Division of Securities said in a statement. The Regalados allegedly targeted Christian communities in Denver with a “practically worthless” cryptocurrency called INDXcoin, saying “God told him people would become wealthy” if they invested. After the scheme was exposed, the pastor said “the Lord told him to do it” and admitted to pocketing $1.3 million. “Out of the $1.3 [million], half a million dollars went to the IRS [Internal Revenue Services], and a few hundred thousand dollars went to a home remodel the Lord told us to do,” Regalado said in a video statement. According to the complaint, nearly 300 people invested in the cryptocurrency. The couple allegedly spent the investors’ funds on a luxury car, handbags, jewelry, boat rentals, and more. Regalado said investors shouldn’t be “mad” at prosecutors. “They have to do this,” he said. “I...