“Why I Pocketed Investors’ $1.3m”: US Pastor Who Sold Worthless Cryptocurrency Opens Up in Video

Jan 24, 2024 | Entertainment, News


  • A US Pastor has said he pocketed $1.3 million based on God’s instruction after he had sold a worthless cryptocurrency to his people
  • Eli Regalado and his wife, Kaitlyn, have been charged with fraud allegation by the office of the Colorado Attorney General after claiming a directive from God
  • Regalado has confessed to the crime and that some of the proceeds have gone for his house’s remodelling, saying God instructed him to do so

Legit.ng journalist Bada Yusuf is an accomplished politics and current affairs editor, boasting over seven years of experience in journalism and writing.

Colorado, USA US Pastor who pocketed $1.3 million after selling a worthless cryptocurrency to his congregation has used some of the proceeds to remodel his house and insisted that his action was based on the directives he heard from God.

Read also

US pastor who pocketed investors’ $1.3m says God told him to do it

The US Pastor, Eli Regalado and his wife, Kaitlyn, are currently facing a lawsuit over the allegation of flogging the so-called INDXcoin to Christians in Colorado, giving them a divine assurance that they would become rich.

Colorado Pastor/Eli Regalado/United States/US
US pastor confessed to pocketing $1.3m investors money
Photo Credit: @thinkertweet
Source: Twitter

According to The Guardian, the investigator said it found out that 300 people invested $3.2 million into what Regalado and his wife have claimed to be a directive from God. This was contained in a complaint filed by the office of the Colorado Attorney General.

US online pastor sold fake cryptocurrency to congregation

This coupled with the fact that the pastor and his wife, who run an online church, did not have experience in cryptocurrency. This was contained in a statement released by the body that regulates the securities market, the Colorado Division of Securities.

Read also

Colombia’s deadly case of Tinder and the memory-erasing drug

Speaking on the fraud allegation, the cleric reiterated his commitment to a message of a God-given mission and confessed that some of the cash had been used for his home improvement, which he said was part of the instruction given from above.

In a video posted on the INDXcoin, Regalado said:

“Out of that 1.3, half a million dollars went to the IRS, and a few $100,000 went to a home remodel that the Lord told us to do.”

See the video of his confession here:

Antony Blinken arrives in Nigeria, to meet Tinubu in Abuja

Legit.ng earlier reported that Antony Blinken, the US secretary of state, has arrived in Nigeria and met with President Bola Tinubu at the presidential villa.

It was learnt that the US secretary of state landed in the country at about 4.40 pm local time, which was 35 minutes later than his time of arrival.

Read also

“He just gazed at me”: 64-year-old man narrates how Prophet TB Joshua healed him of epilepsy

Blinken was received by George Akume, the secretary to the government of the federation and Yusuf Tuggar, Nigeria’s minister of foreign affairs.

Source: Legit.ng





Source link

Recent Post

Debbie Shokoya returns with newborn daughter

Actress and producer Debbie Shokoya has returned to Nigeria with newborn daughter, Khairat Ayokunmi Ejalonibu, after spending months abroad. This joyful news comes a year after she lost her previous The post Debbie Shokoya returns with newborn daughter appeared...

My ideal partner, by Osas Ighodaro

Actress Osas Ighodaro has opened up about preferences in a partner in an interview with VJ Adams on the BET Off the Top show. Ighodaro emphasised that inner qualities take The post My ideal partner, by Osas Ighodaro appeared first on The Nation Newspaper....

Recent Event Post

48th Conference and AGM Kano 2024: Tumbin Giwa

48th Conference and AGM Kano 2024: Tumbin Giwa

On behalf of the Governing Council, we are pleased to invite you to the 48th NIFST International Conference and Annual General Meeting with the theme: “Food Science and Technology for Sustainable Food and Nutrition Security” which will now hold from 14th -17th...

Post you may also like

Debbie Shokoya returns with newborn daughter

Actress and producer Debbie Shokoya has returned to Nigeria with newborn daughter, Khairat Ayokunmi Ejalonibu, after spending months abroad. This joyful news comes a year after she lost her previous The post Debbie Shokoya returns with newborn daughter appeared...

My ideal partner, by Osas Ighodaro

Actress Osas Ighodaro has opened up about preferences in a partner in an interview with VJ Adams on the BET Off the Top show. Ighodaro emphasised that inner qualities take The post My ideal partner, by Osas Ighodaro appeared first on The Nation Newspaper....

Minimum Wage: Nigerian Gov Approves Over N70k 1 Month to Election

Minimum Wage: Nigerian Gov Approves Over N70k 1 Month to Election

Ondo state governor, Lucky Aiyedatiwa, has announced the implementation of N73,000 as the new minimum wage for workers in the stateThe N73,000 minimum wage approval is higher than the N70,000 approved by the federal government Aiyedatiwa, who is the candidate...