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Top related persons:
Regalado - 3 Kaitlyn Regalado - 3 Eli Regalado - 2 God - 2 INDXcoin - 2 — - 1 Tung Chan - 1 Chan - 1
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Colorado Denver INDXcoin
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Court - 2 Colorado Securities - 2 Wealth - 2 Rover - 2 Colorado Division - 2 Securities - 2 Service - 1 Colorado Department of Regulatory - 1

Search resuls for: "INDXcoin"


3 mentions found


☆ A Colorado pastor accused of pocketing $1.3 million in cryptocurrency scam says the Lord encouraged him to use funds for a home remodel
  + stars: | 2024-01-24 | by ( Hannah Getahun | Jessica Orwig | ) www.businessinsider.com   time to read: +6 min
Regalado also said the Lord told him to use investor funds to remodel his home. Related stories"It was last October '21 that the Lord brought this cryptocurrency to me," Regalado told his congregation over video broadcast, per court documents. AdvertisementRegalado addressed why he valued the coins at 10 times the amount: The Lord told him to. I really believe you're going to see a miracle in very short order," Regalado told investors in a video call, per the lawsuit. The lawsuit claims the Regalados told investors they were sowing this money into charitable causes.
Persons: Eli Regalado, Regalado, —, Kaitlyn Regalado, Tung Chan, Chan, God, Kaitlyn, Grace, Regalados, INDXcoin, …, David Goldberg Organizations: Service, Court, Colorado Securities, Colorado Department of Regulatory, IRS, Business, Wealth, Wealth Exchange, Rover Locations: Colorado, Denver, INDXcoin
☆ Pastor Accused of Defrauding Investors of $3M Via Crypto Scheme Says He Got Help From 'The Lord'
  + stars: | 2024-01-23 | by ( Associated Press | Jan. | At P.M. | ) www.usnews.com   time to read: +3 min
DENVER (AP) — A Colorado pastor for an online church who is accused of defrauding investors of more than $3.2 million through a cryptocurrency marketplace he ran with his wife says “the Lord” helped him orchestrate the venture. “What we're praying for, and what we're believing for still is that God is going to do a miracle," he added. Everyone that has come in for money is going to be able to receive money back,” said Regalado, who preaches for the online-only Victorious Grace Church. In an August 2022 update video for his investors and followers, Eli Regalado stated: “The Lord brought this cryptocurrency to me. The Regalados, who had no previous experience selling cryptocurrency, are accused of violating the anti-fraud, licensing and registration provisions of the Colorado Securities Act.
Persons: ”, Eli Regalado, Kaitlyn Regalado, INDXcoin, Jan, Investigators, Regalado, ’ Organizations: DENVER, Denver, Colorado Division, Securities, Wealth, Rover, Grace, Colorado Securities Locations: Colorado
☆ Pastor Charged With Cryptocurrency Fraud Said God Told Him to Do It
  + stars: | 2024-01-23 | by ( Jesus Jiménez | More About Jesus Jiménez | ) www.nytimes.com   time to read: +1 min
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.
Persons: God, Eligio Regalado, Kaitlyn Regalado, Regalado Organizations: Court, Colorado Attorney General’s, Colorado Division, Securities, Prosecutors Locations: Denver
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