TechFlow reports that Eligio "Eli" Regalado, a pastor in the Denver area of Colorado, and his wife Kaitlyn are facing fraud charges for raising $3.2 million by selling INDXcoin.
The Colorado Securities Commissioner has accused the couple of defrauding investors and illegally selling unregistered securities, and has frozen the assets of the Victorious Grace church.
INDXcoin is a cryptocurrency the couple issued through their online church, Victorious Grace, which they claimed was commanded by God.




