The web spun by a Denver pastor and his wife who allegedly conned followers out of millions of dollars in a crypto-currency scheme has widened. Colorado Securities Commissioner Tung Chan expanded her complaint against Eligio “Eli” and Kaitlyn Regalado to include a dozen more defendants including Regalado’s father, and a brother-in-law.
The Regalados were the only employees of the online Victorious Grace Church, according to the complaint. But the amended document added 12 other defendants which it states the couple recruited to sell securities for them and added that they did so without the required license.
The complaint states that between January 2022 and July 2023, a few of the recruits made anywhere from $15,500 to $27,000 in commissions each.
The additional defendants are Regalado’s father, Eligio Regalado Sr,. his brother-in-law, Daniel Applegate, his former brother-in-law, Jesse Buccholz, Nathanael Enos, Eternal Realities, Erin Giles, Jesse Duplantis, Erik Skeldon, Tri Vision Global, Blacktribe, Johnny Daughtry and Sheri Erbaugh, according to the renewed complaint.