Denver Pastor Accused of Crypto Fraud Seen Preaching in Zambia After Skipping Court Hearing
Despite missing a mandatory court hearing in the United States, Denver-based Pastor Eli Regalado, who is facing allegations of orchestrating a $3.2 million cryptocurrency scam, has been observed preaching in Zambia.
Pastor Combines Biblical Teachings with Financial Advice
During his sermons at the Gifted Faith Ministry in Zambia’s capital, Regalado intertwined biblical teachings with financial advice and addressed the congregation on monetary matters.
Pastor Admits Misappropriating Funds
The civil fraud case against Regalado involves INDXcoin, a cryptocurrency that he and his wife Kaitlyn created and promoted within the Christian community in the U.S. The couple is accused of raising $3.2 million through this scheme and making investments effectively worthless for over 300 people.
In a widely circulated video, Regalado admitted to misappropriating a significant portion of the funds raised.
Court Maintains Freeze on Regalado’s Accounts
Denver District Court Judge David Goldberg has ordered the continued freezing of bank accounts belonging to Eli Regalado and his wife. The couple is also prohibited from selling any crypto or investments in Colorado.
Hot Take: Denver Pastor Spotted Preaching in Zambia Despite Crypto Fraud Allegations
Denver-based Pastor Eli Regalado has drawn attention after being seen delivering sermons in Zambia while facing allegations of orchestrating a $3.2 million cryptocurrency scam. Despite missing a court hearing in the United States, Regalado combined biblical teachings with financial advice during his sermons at the Gifted Faith Ministry in Zambia’s capital. The civil fraud case against him involves INDXcoin, a cryptocurrency he and his wife created and promoted within the Christian community. Regalado has publicly admitted to misappropriating a significant portion of the funds raised. The court has ordered the continued freezing of his and his wife’s bank accounts, as well as prohibiting them from selling any crypto or investments in Colorado.
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