Divine intervention didn’t save Denver pastor Eli Regalado last week.
A district judge ruled against Eli and his wife, Kaitlyn, on September 12, ordering them to repay nearly $3.4 million that they conned out of Eli’s followers while peddling a bogus cryptocurrency. Judge Heidi Kutcher also prohibited the couple from participating in any private securities transactions in Colorado for twenty years.
The Regalados solicited millions from hundreds of investors, selling them a cryptocurrency called INDXcoin that was “practically worthless,” according to the civil complaint. While they used Bible quotes and promises of blessings to sell the coin, the couple pocketed $1.3 million and spent the money on a Range Rover, home renovations, vacations, luxury handbags and cosmetic dentistry…