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As someone who produced dozens of nativity plays as a teacher and a Sunday School leader, that title ‘A Gay…
The defence of a Christian view never seems to be settled by debate: exchange of facts, reference to historical events.…
But …… Rwanda is a safe place: Parliament says so.https://www.legislation.gov.uk/ukpga/2024/8/contentsSafety of Rwanda (Asylum and Immigration) Act 2024 S 2 Safety…
Religion can survive only on the most unquestionable assumptions. The statements made on Sundays on the BBC as if they…
Yes, if I’ve got anything remotely like a phobia, as an ex-fundy, its bibles, churches, tracts etc. I like to…
ALLEGEDLY told by God to raise funds for a home remodelling scheme, Colorado pastor Eli Regalado, above, and his wife Kaitlyn Regalado, of the on-line Victorious Grace Church, embarked on a cryptocurrency venture that left gullible Christians $1.3-m the poorer.
Acccording to this report, the couple are accused of creating and selling INDXcoin, to unsuspecting investors in Denver, Colorado, claiming divine guidance from God,
Regalado confessed in a video published on the INDXcoin’s website platform:
The charges are that me and Kaitlyn pocketed $1.3. I just wanted to come out and say those charges are true …
He added:
A few hundred thousand dollars went to a home remodel the Lord told us to do
The state’s division of securities revealed that the Regalados assured potential investors that God had instructed them to launch the cryptocurrency, promising substantial returns. However, prosecutors assert that INDXcoin was “practically worthless”, resulting in substantial financial losses for more than 300 individuals between June 2022 and April 2023.
Regalado also said:
We took God at his word and sold a cryptocurrency with no clear exit.
He expressing an unwavering belief that God would “work a miracle in the financial sector” for them and their investors.
The Regalados are also suspected of syphoning off at least $290,000 for their online-only church despite there being no actual physical location for it.
Regalado had previously promised investors that a portion of the raised funds would be used to assist widows and orphans.
However, these purported charitable payments were allegedly spent on personal gain.
Tung Chan, the Colorado securities commissioner, denounced the Regalados, stating,
We allege that Mr. Regalado took advantage of the trust and faith of his own Christian community and that he peddled outlandish promises of wealth to them when he sold them essentially worthless cryptocurrencies.
Civil fraud charges have been filed against the couple for violating several tenets of the Colorado Securities Act.
Both INDXcoin and the Kingdom Wealth Exchange, the exclusive platform for INDXcoin, were reportedly shut down towards the end of last year. The Regalados are scheduled to appear in Denver state court in the coming days and weeks.
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DonateDonate monthlyDonate yearlyRecent posts
Off the hook. Serial evangelical abuser Jonathan Fletcher won’t stand trial.
IN 30 years as vicar of Emmanuel Church Wimbledon, London, the Rev. Jonathan Fletcher, above, is alleged to have engaged in naked beatings, nude swimming and massages, as well as other sexual misconduct, and bullying and “spiritual abuse.” Then, in July 2024 he was charged with eight counts of indecent assault and one of grievous…
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Barry Duke, the Angry Atheist 
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