We discuss the egregious and incomprehensible defrauding of members of Victorious Grace Church by Pastor Eligio (Eli) Regalado and his wife, Kaitlyn Regalado, by establishing a worthless cryptocurrency, INDXcoin, in 2024. We explore the levels of rhetorical manipulation and outright greed by weaponizing the Christian faith for profit, as Pastor Regalado claimed that God told him to commit crypto fraud.

CW | TW: This episode discusses religion and religious fraud. Listener discretion is advised.

Email: [email protected]

Website: severedpodcast.com

Instagram: @severed_podcast

Hosts: Harry Chambers + Drew Hudson

Logo Art: Drew Hudson

Theme Song Composer | Podcast Editor: Harry Chambers

Show Concept | Researcher | Lead Writer: Drew Hudson

Available on RadioGardenState

Available on Rogue Media Network

Sources

Article: “A Colorado Pastor Says God Told Him to Launch a Crypto Venture. He’s Now Accused of Pocketing $1.3 Million from His Followers” by Faith Karimi (CNN)

Article: “Pastor Charged with Cryptocurrency Fraud Said God Told Him To Do It” by Jesus Jimenez (NYT)

Article: “‘They’re Fighting Against God’: Crypto Pastor Vows to Beat Fraud Claim” by Justin Wingerter (BusinessDen)

Article: “12 More People Added as Defendants in Denver Church Cryptocurrency Scam” by Carol McKinley (Denver Gazette)

Press Release: “Colorado Securities Commissioner Files Complaint Against Alleged Cryptocurrency Fraud Scheme” via The Colorado Department of Regulatory Agencies (Division of Securities)

Press Release: “Preliminary Injunction and Asset Freeze Granted Against Eli Regalado, INDXCoin” via The Colorado Department of Regulatory Agencies” (Division of Securities)

YouTube: “Pastor Behind Alleged Crypto Scam Thinks He ‘Misheard God’” | TheYoungTurks

FB Account: Kingdom Wealth Exchange

INDXCoin: INDXCoin.com

IOSCO: IOSCO (International Organization of Securities Commissions)

Business Directory: Dun & Bradstreet on Kingdom Wealth Exchange, Inc.

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