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AiCoin
AiCoin|Sep 17, 2025 05:48
[U.S. Court Rules Pastor Couple Defrauded Investors in Cryptocurrency Scam, Ordered to Repay $3.39 Million] The Colorado Securities Division announced that a Denver district court recently ruled Pastor Eli Regalado and his wife were involved in cryptocurrency fraud and must repay $3.39 million to investors. The court found that the Regalado couple illegally raised funds through tokens issued by their church, INDXcoin and Sumcoin, involving at least 596 investors and violating securities laws. They claimed that 'God' instructed them to create and promote these tokens, forming a 'prophet team' to market them under the guise of religion. However, they deposited investor funds into personal accounts, with at least $1.3 million spent on luxury expenses. The court emphasized that a religious framework cannot be used as a shield to evade legal scrutiny.
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Oct 14, 16:23Roger Ver agrees to pay $49.9 million to settle tax fraud allegations

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