Online Pastor Admits to Pocketing $1.3M Crypto Fund, Awaits Lord’s Miracle
Share:
Predictions Markets
See what traders are focused on
- Online pastor and wife admitted to pocketing $1.3 million worth of crypto funds.
- Mr. Regaldo defended that half of it went as Internal Revenue Service (IRS) payments and the other half as “Lord-instructed” home remodeling.
- The couple reveals they are “waiting on the Lord literally for a miracle.
An online pastor and his wife, facing charges of selling “worthless” cryptocurrency, admitted to pocketing $1.3 million but claim they’re relying on a divine miracle to resolve the financial mess.
In a video response, Reverend Eli Regalado admitted to the charges brought against him and his wife, Kaitlyn, by the Colorado Division of Securities. While acknowledging the $1.3 million figure, he defended half of it as Internal Revenue Service (IRS) payments and the other half as “Lord-instructed” home remodeling.
The cryptocurrency in question, INDXcoin, lacked a clear exit plan for buyers, leading Colorado Securities Commissioner Tung Chan to deem it “worthless.” “We allege that Mr. Regalado took advantage of the trust and faith of his own Christian community and that he peddled outlandish promises of …
The post Online Pastor Admits to Pocketing $1.3M Crypto Fund, Awaits Lord’s Miracle appeared first on Coin Edition.
Read More
Korea Investment, Coinone, OKX, and Com2uS Form Major Digital Finance Alliance
