“Why I Pocketed Investors’ $1.3m”: US Pastor Who Sold Worthless Cryptocurrency Opens Up in Video
- A US Pastor has said he pocketed $1.3 million based on God’s instruction after he had sold a worthless cryptocurrency to his people
- Eli Regalado and his wife, Kaitlyn, have been charged with fraud allegation by the office of the Colorado Attorney General after claiming a directive from God
- Regalado has confessed to the crime and that some of the proceeds have gone for his house’s remodelling, saying God instructed him to do so
Legit.ng journalist Bada Yusuf is an accomplished politics and current affairs editor, boasting over seven years of experience in journalism and writing.
Colorado, US – A US Pastor who pocketed $1.3 million after selling a worthless cryptocurrency to his congregation has used some of the proceeds to remodel his house and insisted that his action was based on the directives he heard from God.
The US Pastor, Eli Regalado and his wife, Kaitlyn, are currently facing a lawsuit over the allegation of flogging the so-called INDXcoin to Christians in Colorado, giving them a divine assurance that they would become rich.
Photo Credit: @thinkertweet
Source: Twitter
According to The Guardian, the investigator said it found out that 300 people invested $3.2 million into what Regalado and his wife have claimed to be a directive from God. This was contained in a complaint filed by the office of the Colorado Attorney General.
US online pastor sold fake cryptocurrency to congregation
This is coupled with the fact that the pastor and his wife, who run an online church, do not have experience in cryptocurrency. This was contained in a statement released by the body that regulates the securities market, the Colorado Division of Securities.
Speaking on the fraud allegation, the cleric reiterated his commitment to a message of a God-given mission and confessed that some of the cash had been used for his home improvement, which he said was part of the instruction given from above.
In a video posted on the INDXcoin, Regalado said:
“Out of that 1.3, half a million dollars went to the IRS, and a few $100,000 went to a home remodel that the Lord told us to do.”
See the video of his confession here:
Antony Blinken arrives in Nigeria to meet Tinubu in Abuja
Legit.ng earlier reported that Antony Blinken, the US secretary of state, has arrived in Nigeria and met with President Bola Tinubu at the presidential villa.
It was learnt that the US secretary of state landed in the country at about 4.40 pm local time, 35 minutes later than his arrival time.
Blinken was received by George Akume, the secretary to the government of the federation and Yusuf Tuggar, Nigeria’s minister of foreign affairs.
Source: Legit.ng
