Pastor accused of $3M crypto scam says he may have ‘misheard God’ – The Washington Post

An online pastor was charged with civil fraud for selling a cryptocurrency that regulators described as “practically worthless.” His explanation: God told him to do it — although it’s possible he “misheard.”

Colorado’s securities commissioner filed a legal complaint against Eligio Regalado, who goes by Eli, and his wife, Kaitlyn Regalado, last week. The couple raised nearly $3.2 million by targeting Denver’s Christian community with the cryptocurrency, marketed as INDXcoin, the complaint said.

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“The Lord said: I want you to build this,” Regalado said. “We took God at his word and sold a cryptocurrency with no clear exit.”

Source: Pastor accused of $3M crypto scam says he may have ‘misheard God’ – The Washington Post