Eli Regalado, a Denver pastor who is being sued along with his wife by the Colorado Securities Commission for selling millions of dollars in the “worthless” cryptocurrency INDXcoin, alleges the lawsuit in a video uploaded to INDXcoin's community forum. answered.
in videoPastor Eli Regalado admitted that investors in the cryptocurrency run by him and his wife Caitlin currently have no way to convert their investments into cash.
“We launched an exchange, the exchange technology failed, things went downhill, and since then we've literally been just waiting for a miracle,” Regalado said. say.
Both Regalados Claim He will be ordained as a minister at Destiny Churches and Ministries International, according to a post on the online-only Victorious Grace Church Facebook page.Destiny Churches promotion INDXcoin is publicly available on his Facebook page to 1,000 followers.
The Regalados are accused of cashing in INDX coin funds to spend lavishly on Range Rovers, jewelry and luxury handbags. According to Business DenInvestors are told that their funds will be used to help widows and orphans.
“The charges are that Caitlin and I pocketed $1.3 million… those charges are true,” Regalado said in the video. “Of that $1.3, $500,000 went to the IRS and hundreds of thousands of dollars went to the home renovations the Lord had us direct.”
Regalado says he hopes a miracle from God will cheer up investors. “We sold virtual currency with no clear exit, so prosecutors have to take that and say, ‘These people were willing to sell virtual currency with no clear exit.’” We actually did this,” Regalado said. “What we are praying for and what we still believe is that God is going to perform a miracle in the financial sector and will bring a miracle to INDXcoin. Anyone can get their money back.”
The comments below the post are mostly supportive. One commenter declared, “So brave of you to release this video… God is leading us all and He will get all the glory.” “We agree 100%,” Regalado responded.
Judge David Goldberg froze the bank accounts of Regalados and its related businesses at the request of state regulators following a civil complaint. Regaladoz is scheduled to have his first trial in Colorado District Court on January 29th.
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