https://cointelegraph.com/news/online-pastor-indicted-3-4m-crypto-scam
"A Denver, Colorado-based online pastor and his wife were indicted Tuesday on charges related to a cryptocurrency fraud scheme that raised more than $3 million from faith-based investors.

Online pastor Eli Regalado and his wife, Kaitlyn, were indicted on 40 counts stemming from what Denver District Attorney John Walsh described as a “multi-million-dollar cryptocurrency scam.”

Between January 2022 and July 2023, the Regalados allegedly solicited almost $3.4 million by encouraging people in their religious network to buy INDXcoin, a token they created and sold through the Kingdom Wealth Exchange platform.

They spent at least $1.3 million on personal expenditures, including a home renovation that they claimed “the Lord” told them to do, while only a small amount of the proceeds went to the business venture.

According to the indictment, at least 300 people invested in the token, which authorities say “maintained zero value,” resulting in total losses for all investors."