Colorado Pastor Charged in $3.40M Crypto Scam

A Denver, Colorado-based online pastor and his wife were indicted on Tuesday in connection with a cryptocurrency fraud scheme that raised over $3 million from faith-based investors. Between January 2022 and July 2023, the Regalados raised nearly $3.40 million by encouraging people in their religion to purchase INDXcoin through the Kingdom Wealth Exchange platform, with at least 300 people investing in the token and suffering losses. [Foresight News]