A Denver grand jury has indicted Eligio Peter and Kaitlyn Marie Regalado, pastors of the online-only Victorious Grace Church, of defrauding investors of at least $3.4 million in a cryptocurrency scam.
The 47-page indictment, listing 40 felony counts, alleges the Regalados used their INDXcoin business to fleece investors while claiming God had instructed them to market the digital currency. Authorities also allege the couple diverted $1.3 million from the investment fund for personal expenses.
Eligio Regalado, who also goes by “Eli,” recorded a 2024 video admitting to the theft…