Denver Pastor Accused of Crypto Fraud Spotted Preaching in Zambia After Missing Court Date
We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Why Trust Cryptonews
Ad Disclosure
We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. Read more
Denver-based Pastor Eli Regalado, who faces allegations of orchestrating a $3.2 million cryptocurrency scam, has been seen preaching in Zambia despite missing a mandatory court hearing in the United States.
A recent report by Newsweek unveiled that Regalado was observed delivering sermons at the Gifted Faith Ministry in Zambia’s capital. This appearance coincides with his absence from the court hearing scheduled for Jan. 29 in Denver, where he was due to face charges related to the alleged crypto fraud.
According to Newsweek, Regalado intertwined biblical teachings with financial advice during his sermons at the conference in Zambia. He then addressed the congregation with a focus on monetary matters.
“I’m going to speak to you today and I am going to speak to you about finances, and I’m going [to] speak to you about how to make money the Kingdom way,” said Regalado.
Regalado also alluded to his involvement in the crypto world. He declared, “God has gifted me with a whole world of cryptocurrency,” before assuring the audience that he would refrain from delving into the specifics of his crypto endeavors.
Pastor Claims God’s Instruction Behind $3.2 Million Scheme
The civil fraud case against Regalado involves INDXcoin, a crypto he and his wife Kaitlyn created and promoted within the Christian community in the U.S., promising divine financial returns.
The couple is accused of raising about $3.2 million through this scheme, involving over 300 people, and creating a situation where INDXcoin holders couldn’t sell their coins, making their investments effectively worthless.
Regalado has publicly admitted to misappropriating a significant portion of the funds raised. “The charges are that Kaitlyn and I pocketed $1.3 million and I just want to come out and say that those charges are true,” Regalado acknowledged in a widely circulated video.
“Regalado targeted Christian communities in Denver and claimed that God told him directly that investors would become wealthy if they put money into INDXcoin,” said Colorado Division of Securities in a press release.
Court Maintains Freeze on Regalado’s Accounts
Denver District Court Judge David Goldberg has ordered the continued freezing of bank accounts belonging to Denver online pastor Eli Regalado and his wife Kaitlyn.
The couple are also barred by the ruling from selling any crypto or investments in Colorado.
- Trump Appoints PayPal Veteran David Sacks as ‘White House AI and Crypto Czar’
- What’s Happening in Crypto Today? Daily Crypto News Digest
- President Trump Signs Executive Order Calling for US Sovereign Wealth Fund Creation
- Ohio Lawmaker Proposes Second Bill to Establish State Bitcoin Reserve
- US SEC Scales Back 50-Member Crypto Enforcement Team: Report
More Articles
in numbers
