A Denver pastor accused of conning his followers out of millions of dollars with a bogus cryptocurrency is now facing criminal charges, in addition to an ongoing state civil case. Eli Regalado and his wife, Kaitlyn, were indicted on forty counts related to the alleged scam, the Denver District Attorney’s Office announced on July 22. The charges include twenty counts of theft, nineteen counts of securities fraud, and one count of violating the Colorado Organized Crime Control Act. The Regalados solicited at least $3.4 million from hundreds of investors, selling them a cryptocurrency called INDXcoin that “was backed by essentially no assets whatsoever and had no real value,” according to the indictment. Nineteen victims are named in the indictment, each of whom invested between $10,000 and $200,000 in the cryptocurrency from January 2022 to July 2023. While they used Bible quotes and promises of blessings to sell the coin, the couple pocketed $1.3 million and spent the money on a Rang...