CHRISTIAN BREAKING NEWS: Who is Eli Regalado? Online Pastor, Victorious Grace Church and CEO, INDXCoin Pastor who Pocketed $1.3 Million Selling Worthless Cryptocurrency Claims $300,000 Home Renovation Funded by Alleged Crypto Scam was “God’s Plan” [#EliRegalado #INDXcoin]

CHRISTIAN BREAKING NEWS: Who is Eli Regalado? Online Pastor, Victorious Grace Church and CEO, INDXCoin Pastor who Pocketed $1.3 Million Selling Worthless Cryptocurrency Claims $300,000 Home Renovation Funded by Alleged Crypto Scam was “God’s Plan” [#EliRegalado #INDXcoin]

LINK TO LAWSUIT RESPONSE: https://community.indxcoin.com/c/indxcoin-updates/lawsuit-response

Denver pastor Eli Regalado, who is now being sued by Colorado’s securities commission for allegedly scamming investors by selling the worthless INDXcoin cryptocurrency, has published a video in response to the claims.

Regalado confesses in the video that investors are unable to withdraw their funds and discusses the difficulties they have had due to their faulty exchange technology.

He claimed to have been hoping for a miracle from God to address the problem.

Regalado and his wife, Kaitlyn, both identify as ordained ministers with Destiny Churches and Ministries International, according to the Victorious Grace Church Facebook page.

Destiny Churches, which has 1,000 followers, endorsed INDXcoin on its Facebook page.

The Regalados are accused of utilizing INDXcoin funds for personal costs such as a Range Rover, jewelry, and designer handbags while fraudulently stating the funds were intended to benefit widows and orphans.

In the video, Regalado acknowledges the allegations against him and admits that he and his wife received $1.3 million.

He reveals that a substantial percentage of the cash, including half a million dollars, were given to the IRS, while a few hundred thousand dollars were spent on a house renovation that they felt was directed by God.

Regalado expressed optimism for a miraculous miracle that would restore investor trust, underlining that they sold a coin with no clear exit strategy.

He understands that prosecutors will allege that they deliberately marketed a cryptocurrency without a clear exit strategy, but he is hopeful that God will perform a financial miracle, resulting in a breakthrough for INDXcoin.

He believes that everyone who has invested will finally be able to get their money back.

Following the civil lawsuit, Judge David Goldberg, at the request of state authorities, has frozen the Regalados’ and their related firms’ bank accounts.

The couple is set to appear in Colorado District Court on Jan.29 for an initial hearing in response to the accusations filed against them.

NEWS SOURCE & LINKS:
Cryto News

Who is Eli Regalado? Pastor Claims $300,000 Home Renovation Funded by Alleged Crypto Scam God’s Plan | Christian Breaking News!

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