Denver Pastor Claims The Good Lord Told Him To Steal $1.3M In Crypto To Remodel His Home– ‘We Took God At His Word’

Bossip
Video

Denver
Pastor
Crypto
Scheme
–
Source:
alexkich
/
Getty

Denver
Pastor
Eligio
Regalado
was
charged
with
fraud
after
his
Crypto
coin
robbed
Christians
out
of
$1.3
million.

Cryptocurrency
scams
aren’t
new
but
usually,
they
always
involve
some
influencer
looking
to
make
a
quick
buck
of
their
gullible
fan
base.
In
some
instances,

bigger
celebrities
even
fall
victim
to
the
scam
under
the
guise
of
getting
paid
for
a
simple
social
media
post.
According
to

People,
the
scams
have
made
their
way
to
religious
circles
thanks
to
Denver
pastor
Eligio
Regalado.
On
January
17
Regalado
and
his
wife
were
charged
by
the
Colorado
Attorney
General
for
their
pump
and
dump
scheme.

His
scheme
was
simple
he
allegedly
created
a

cryptocurrency
named
“INDXcoin”
worth
absolutely
nothing
and
told
Christians
if
they
invested,
blessings
would
come.
Allegedly
“god
told
him
people
would
become
wealthy”
was
his
signature
catchphrase.

To
make
matters
worse
he
is
not
denying
any
of
the
allegations
according
to

NBC
News.

“We
took
God
at
his
word
and
sold
a
cryptocurrency
with
no
clear
exit,”
Regalado
in
his
video
address
Friday.
“What
we’re
believing
for
still
is
that
God
is
going
to
do
a
miracle.
God
is
going
to
work
a
miracle
in
the
financial
sector.”

This
isn’t
his
first
run-in
with
the
law
as
Regalado
allegedly
did
time
in
prison
for
“boosting
cars”
before
becoming
a
pastor.
Regalado
and
his
wife
are
the
only
employees
of
the
online-only
church
Victorious
Grace
Church.

Furthermore,
in
one
of
his
update
videos,
he
even
broke
down
how
he
spent
the
money
he
stole.

“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
the
video.

His
defense
is
the
lord
led
him
every
step
of
the
way
from
creating
the
Kingdom
Wealth
Exchange
and
INDXcoin.
Hopefully,
in
court,
we
find
out
how
he
and
the
lord
settled
on
remodeling
his
home
with
the
money.

You
can
watch
one
of
his
pitches
in
the
video
below.

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