The agency said that the couple created, marketed and sold a cryptocurrency that they called INDXcoin through a cryptocurrency exchange, which they also ran. Prosecutors said that the couple, who had no experience in cryptocurrency exchanges, marketed the INDXcoin to Christians in Denver, and raised nearly $3.2 million from more than 300 people who bought it from June 2022 to April 2023. Mr. Regalado and his wife then used the money for themselves, the Colorado Division of Securities said. Mr. Regalado and Ms. Regalado did not immediately respond to requests for comment on Tuesday. It was unclear whether they had a lawyer.

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Persons: God, Eligio Regalado, Kaitlyn Regalado, Regalado Organizations: Court, Colorado Attorney General’s, Colorado Division, Securities, Prosecutors Locations: Denver