8 months ago
A Denver pastor, accused of crypto-fraud, has been spotted successful the Zambian superior conscionable days aft helium reportedly failed to look successful court. The pastor, Eligio Regalado, said astir fractional of the misappropriated $1.3 cardinal went to the IRS.
Denver Pastor’s Assets Frozen
The Denver pastor accused of misappropriating $1.3 cardinal raised from members of his religion via a cryptocurrency concern scam was spotted successful Zambia conscionable a fewer days aft helium failed to crook up successful court. According to a report by Newsweek, Eligio Regalado was seen preaching astir God and concern astatine a league successful Zambia’s superior Lusaka.
Before his reported quality astatine the Glory Shift Conference, Regalado and his woman were charged with defrauding their followers to money their lavish lifestyle. A tribunal has since issued an bid to frost the couple’s assets arsenic good arsenic barring them from selling securities successful the State of Colorado.
A fewer days aft being charged with fraud, Regalado released a video successful which helium confirmed the Colorado securities regulator’s allegations against him and his wife. He said, however, that fractional of the $1.3 cardinal was sent to the Internal Revenue Service (IRS), and a fewer 100 1000 dollars went towards remodeling a location arsenic per divine instructions.
Divine Investment Advice
While helium admitted to the regulator’s charges of selling the “worthless” INDX cryptocurrency to immoderate 300 members of his online church, the pastor insisted helium was lone pursuing God’s instructions. He implied that regulators should see this origin arsenic well.
Despite getting into occupation with the INDX cryptocurrency project, Regalado reportedly continued preaching the gospel of concern but this clip to a Zambian audience.
“I’m going to talk to you contiguous and I americium going to talk to you astir finances, and I’m going [to] talk to you astir however to marque wealth the Kingdom way,” Regalado said.
At the conference, Regalado besides told attendants astir God’s acquisition of “a full satellite of cryptocurrency” that helium has been given.
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