https://www.washingtonpost.com/nation/20...-regalado/
Quote:[color=var(--wpds-colors-gray20)]Pastor accused of $3M crypto scam says he may have ‘misheard God’[/color]
Quote: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.
Investigators accused the couple of violating Colorado’s anti-fraud, licensing and registration laws. They alleged the cryptocurrency was promoted as a “low risk, high profit investment” while it was actually “illiquid and practically useless.” Cryptocurrency is usually able to be converted into cash or other currencies through a digital platform or trading exchange.
"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.”
“We allege that Mr. Regalado took advantage of the trust and faith of his own Christian community and that he peddled outlandish promises of wealth to them when he sold them essentially worthless cryptocurrencies,” Colorado Securities Commissioner Tung Chan said in a statement.
Robert G. Ingersoll : “No man with a sense of humor ever founded a religion.”