United States Online Pastor Sued by Christians for Pocketing $1.3 Million From Selling Crypto

United States Online Pastor Sued by Christians for Pocketing $1.3 Million From Selling Crypto

  • A US pastor who ran an online church is in serious trouble after he made off with almost $1.3 million from selling crypto
  • The man and his wife are facing a civil lawsuit because they convinced Christians to invest in a cryptocurrency that was supposed to yield them millions
  • The man claimed that he was told by God to sell the currency, even though he used the money for personal gain
An American pastor swindled Christians of millions from selling a worthless cryptocurrency
SA laughed at a pastor who was busted for selling a worthless cryptocurrency for millions. Images: Thicha Satapitanon and Klaus Vedfelt
Source: UGC

A US pastor, Eli Regalado, and his wife, Kaitlyn, have been sued after defrauding Christians from Colorado of almost $1.3 million. This was after he sold and pocketed a cryptocurrency despite telling investors they would become wealthy.

'Man of God' sued for millions

According to eNCA, Regalado and his wife sold a cryptocurrency called INDXcoin to Christians in Colorado. He told investors the command to sell the currency came from God Himself, and with divine backing, he convinced everyone who invested that they would walk away with millions.

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It seemed as if the ones who walked away with millions were him and his wife because they believed they used the gains to furnish a lavish lifestyle, including remodelling their home, buying a new luxury car, jewellery, handbags and holiday trips. Regalado confessed on an online platform that the allegations against him were true and claimed that God told him to sell the cryptocurrency.

"Either I misheard God, or God is still not done with this project," he pointed out.

Netizens laugh hysterically at him

Netizens on Facebook could not help but laugh at the man and his con.

Hugon Tumber said:

"Watch African pastors up their game with cryptocurrency."

Thometsana Khiba asked:

"So the victims should sue God?"

Thurtall Ngwenya remarked:

"Another case against God."

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Hectorius Neluheni added:

"Maybe he did. No one can prove him wrong."

Solomon Siko joked:

"I would say the same."

Pastor cautions against using the Alpha Hour altar to pray against people's marriages

YEN.com.gh reported how Pastor Elvis Agyemang reacted to a lady's prayer request to break her boyfriend's marriage.

According to the preacher, it was blasphemous for a woman to pray for her fellow woman's downfall. Pastor Elvis issued a solid warning to girls who are dating married men to put a stop to it. He said that they can continue if they want the wrath of God upon their heads.

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Source: Briefly.co.za

Delali Adogla-Bessa avatar

Delali Adogla-Bessa (Current Affairs Editor) Delali Adogla-Bessa is a Current Affairs Editor with YEN.com.gh. Delali previously worked as a freelance journalist in Ghana and has over seven years of experience in media, primarily with Citi FM, Equal Times, Ubuntu Times. Delali also volunteers with the Ghana Institute of Language Literacy and Bible Translation, where he documents efforts to preserve local languages. He graduated from the University of Ghana in 2014 with a BA in Information Studies. Email: delali.adogla-bessa@yen.com.gh.

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Berlinda Entsie (Copy Editor) Berlinda Entsie is a Copy Editor at YEN.com.gh. She has worked as a proofreader and editor since 2016. Berlinda has over 5 years' experience editing and writing for leading publications in Ghana. She previously worked with Graphic Communications Group LTD, Business Insider SSA and Pulse.com.gh. She obtained a B.A in English Studies from the Methodist University College in 2016 and a Diploma in Broadcast Journalism from the GH Media School in 2019. Reach out to her via berlinda.entsie@yen.com.gh

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