United States Online Pastor Sued by Christians for Pocketing R24 Million From Selling Crypto

• A United States pastor who ran an online church is in serious trouble after he made off with almost R24.5 million from selling crypto
• the man and his wife are facing a civil lawsuit because they convinced Christians to invest in a cryptocurrency that was supposed to yield them millions
• The man claimed that he was told by God to sell the currency, even though he used the money for personal gain

Tebogo Mokwena, Briefly News's current affairs journalist, offered coverage of current affairs relating to the economy, finance, banks, and state-owned enterprises during his seven years at Daily Sun and Vutivi Business News.

A United States of America pastor, Eli Regalado and his wife, Kaitlyn, have been sued after defrauding Christians from Colorado of almost R25 million. This was after he sold and pocketed a cryptocurrency despite telling investors they would become wealthy.

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'Man of God' sued for millions

According to eNCA, Regalado and his wife sold a cryptocurrency called INDXcoin to Christians in Colorado. He told investors the command to sell the currency came from God Himself, and with divine backing, he convinced everyone who invested that they would walk away with millions.

It seemed as if the ones who walked away with millions were him and his wife because they believed they used the gains to furnish a lavish lifestyle, including remodelling their home, buying a new luxury car, jewellery, handbags and holiday trips. Regalado confessed on an online platform that the allegations against him were true and claimed that God told him to sell the cryptocurrency.

"Either I misheard God, or God is still not done with this project," he pointed out.

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South Africans laugh hysterically at him

Netizens on Facebook could not help but laugh at the man and his con.

Hugon Tumber said:

"Watch African pastors up their game with cryptocurrency."

Thometsana Khiba asked:

"So the victims should sue God?"

Thurtall Ngwenya remarked:

"Another case against God."

Hectorius Neluheni added:

"Maybe he did. No one can prove him wrong."

Solomon Siko joked:

"I would say the same."

Pastor cons 22 women he paid lobola for in 1 year

In a similar story, Briefly News reported that a pastor from KwaZulu-Natal was arrested after he defrauded 22 women to whom he paid lobola.

The women whom he paid lobola for accused him of convincing them to invest in businesses and parting with millions of rand in the process.

South Africans were left speechless at the pastor's criminal enterprise and slammed him.

Source: Briefly News