Please click this link to help me keep The Angry Atheist active with an donation.
You get drivel about aliens, abduction etc from all sorts of people, not just Christians – there are atheists, agnostics…
[…] last time I had had occasion to write about Rowan County clerk Kim Davis, above, was three years ago…
Whatever is presented on the BBC, and I must admit I do not watch the TV, the fact is that…
“The curriculum had already drawn tensions among the county’s religious parents, with some worrying about appropriateness and arguing the material…
As someone who produced dozens of nativity plays as a teacher and a Sunday School leader, that title ‘A Gay…
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.
Please help me keep The Angry Atheist going with a donation.
Make a one-time donation
Make a monthly donation
Make a yearly donation
Choose an amount
Or enter a custom amount
Your contribution is appreciated.
Your contribution is appreciated.
Your contribution is appreciated.
Recent posts
Mel Gibson’s ‘The Passion of the Christ’ was described as ‘Christian torture porn’. Now he’s making two sequels.
Become a paid subscriber to support my site and keep it free for everyone. Thank you. URBAN Dictionary defines “torture porn” as horror movies that feature gratuitously violent images with no credible story lines. After The Passion of the Christ was released — some joked that it actually escaped — the term “Christian torture porn”…
Democratic senator falsely repeats claims that America’s Founding Fathers had a theocratic agenda
Become a paid subscriber to support my site and keep it free for everyone. Thank you. WHEN white Christian nationalists — ranging from US Vice President JD Vance to English criminal Tommy Robinson — make wild claims that America and Britain are Christian countries that require theocratic governance we say “meh”, shrug our shoulders and…
‘Judaism is a false antichrist religion’ and Islam is ‘demonic’ says Christian charity trustee reverend Brett Murphy
MURPHY’S despicable views have sparked a complaint to the Charity Commission by the UK’s National Secular Society (NSS) which alleges that a trustee of the Emmanuel Free Church of England Morcambe was promoting “vicious homophobia and sowing social division” in his sermons. The church, registered charity, says on its website that: So many churches today…
Leave a comment