Religious leaders face fraud charges over crypto scheme
The Colorado Attorney General’s Office has filed a lawsuit against the founders of crypto currency INDXCoin, alleging they fraud ulently used congregation investments for personal gain. Eli and Kaitlin Regalado, founders of INDXCoin and prominent religious leaders, are facing allegations of fraud, as stated in a lawsuit by the Colorado Attorney General’s Office. The lawsuit accuses the couple of using investment funds from their congregation for personal expenses, including home renovations. An online pastor launched a cryptocurrency called INDXcoin. He promised churchgoers that purchasing the coin would grant them "a miracle in very short order." He then pocketed $1.3M, bought a Range Rover, and spent a couple hundred thousand dollars on a home remodel "the… pic.twitter.com/Qb6z1i2fc1 — Milk Road (@MilkRoadDaily) January 22, 2024 You might also like: Choosing the best crypto profit calculator apps in 2024 INDXCoin, originally marketed as a utility co...