TechFlow, July 23 — According to Cointelegraph, Eli Regalado, a pastor in Denver, Colorado, and his wife Kaitlyn have been charged with allegedly running a cryptocurrency fraud scheme.
The indictment alleges that from January 2022 to July 2023, the Regalados created and sold INDXcoin tokens through the Kingdom Wealth Exchange platform, raising nearly $3.4 million from members of their religious network. They used at least $1.3 million for personal expenses, including home renovations, claiming that "God" had instructed them to do so.




