Denver-based pastor Eli Regalado responds to a civil lawsuit alleging he sold "worthless" cryptocurrency. Image via INDXcoin.com 'The Lord Told Us To:' Colorado Pastor Accused of Defrauding Millions in Cryptocurrency Scheme
"Out of the $1.3 [million], half a million dollars went to the IRS, and a few hundred thousand dollars went to a home remodel the Lord told us to do," defendant Eligio (Eli) Regalado, a paster at Victorious Grace Church, said in a video.
January 24, 2024 at 05:49 PM
6 minute read
Securities Litigation
A Colorado-based pastor and his wife are accused of pocketing over $1.3 million through a cryptocurrency fraud scheme because "the Lord told us to," admitting in a now-private video statement that the charges against him "are true."
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