So I think the title of this article

pretty much sums up what we're
gonna be talking about today.

Pastor accused of three
million dollar crypto scam

says he may have misheard God.

Oh...

No, man, what makes you say that?

What makes you think that
God wouldn't want you to

do a rug pull on your congregation?

That's crazy.

This story's been in the news
the past couple weeks,

I'm only a little bit
familiar with the details,

so I had my

(rock music) elite team of
content supervisors,

uh, which is just one guy,
his name is Robert,

go through, and
(music stops) find me

all of the necessary information

so I can fully understand this story

and relay it to you.

Everybody say, "thank you Robert."
(sparkling sound)

(wholesome music)

Now everybody say, "thank you Danny."
(sparkling sound)

(wholesome music continues)

Now everybody say, "love you Danny?"
(distorted sparkling sound)

(music stops)
And now let's get into it.

An online pastor was
charged with civil fraud

for selling a cryptocurrency
that regulators described as

"practically worthless."

His explanation: God told him to do it,

although it's possible
(laughing) he misheard.

It's interesting that he's
only saying that

he MIGHT'VE misheard

now that he's being called out for it.

He got caught, and now he's like,

"Well yeah, I might've misheard him."

Something tells me in the
initial stages of this scheme

he wasn't going around
telling people, like,

"Now I might've misheard God,

but I'm pretty sure he wants
you to buy this cryptocurrency.

God's been really into
the blockchain lately

He thinks it's the future."

I like that the regulators described
it as

"practically worthless."

It's not completely worthless.

But it's-- it's pretty much worthless.

(chill jaunty music)
Eh, it's kinda fun to buy, I guess.

You know, it's fun to get
involved in a little project,

setting up your crypto
wallet and everything,

but for all intents and purposes

this will make you broke.

This is a horrible decision to buy.

LITTLE fun though.

Colorado securities commissioner
filed a legal complaint

against... Eligio.

Eliggy-o.

(mispronouncing, which he will do
for most of the video) Regaldo.

Eligio Regaldo.

Who goes by Eli--

Oh thank God.

and his wife, Kaitlyn Regaldo, last week.

The couple raised nearly
3.2 million dollars

by targeting Denver's Christian
community with the cryptocurrency,

marked as INDXcoin, the complaint said.

Sorry, you're not even gonna
give it a Christian name?

IND-- Index?

Indix?

(shocked sound) In-dicks?

You put these crypto coins in dicks?

Shoulda called it God Coin or something.

Something creative.

Tithe Coin, maybe? I don't know.

Investigators accused
the couple of violating

Colorado's anti-fraud licensing
and registration laws.

They alleged the cryptocurrency
was promoted as

low risk, high profit investment,

while it was actually illiquid
and practically useless.

Well, hold on now. Maybe he didn't say
who it was high profit for.

It WAS high profit, it was just for him.

Wait, high profit...

Are you sure he didn't mean

high PROPHET?
(angelic choir)

Jake, on the screen, can
you spell "prophet" with a PH?

Like the Biblical type of prophet?

And then you can also keep
me explaining this part of the joke in.

That way if anyone's listening
to this and not watching

they can still get the joke that I made.

Thank you.

(angelic choir)

"Look, I said it was a
low-risk investment,

and I am a high prophet!

I was high when I heard this from God,

that's why I might've misheard him."

Cryptocurrency is usually able
to be converted into cash

or other currencies through a digital
platform or trading exchange.

The Lord said:

(distorted deep voice)
"I want you to build this,"

Regaldo said.

We took God at his word and sold
a cryptocurrency with no clear exit.

From this quote, like,
if this is an exact quote

I'm having trouble seeing how
you might've misheard him.

He seems completely clear.

He either said, "I want you
to build this cryptocurrency"

or "love thy neighbor,"

I can't remember exactly which one it was.

It was one of those two, though.

Again, I'm SUPER high.
(The Next Episode plays in background)

Then he says, "We took God at his word

and sold a cryptocurrency
with no clear exit."

Now it sounds like
he's calling God a liar.

"Look, I'll say it guys, it's our fault.

Our fault we trusted God."

We allege that Mr. Regalado took advantage

of the trust and faith of
his own Christian community

and that he peddled outlandish
promises of wealth to them

when he sold them essentially
worthless cryptocurrencies.

I don't think I've ever been to church

and my pastor started preaching about

(club music, ka-ching sound)
outlandish promises of wealth.

I feel like if your pastor
starts saying stuff like that

there's definitely a problem.

That being said,

Uh, the pastor totally abused
his privilege and his trust

that his congregation had in him.

That's insane.

This is someone that's supposed to be
like a spiritual guide to these people,

and you know what, to be fair

they might be praying a lot more
after this has happened to them.

But I don't...

Still don't really think it was right.

The couple sold the digital asset
to more than three hundred investors

between June 2022 and April 2023.

Three hundred investors...

And made three million dollars?

Wait, what? How does that add up?

How much were these
people investing, dude?

Three million divided by three hundred.

So on average, members
of his congregation spent

ten thousand dollars on this?

They got three hundred
people to spend on average

ten thousand dollars
on this cryptocurrency.

Dude, that's insane!

Oh my god, that's messed up.

I hate to say it, man.

I think he misheard God.
(depressed sound effect)

Either I misheard God,
and every one of you

who prayed and came in, you as well.

No, wait. Hold on.

THEY didn't mishear anything.

They heard YOU.

He's saying,

"Either I misheard God
and so did all of you--

I mean, we all did, right?"

They're all like,

"No, YOU said it.

We heard YOU.

YOU were supposed to
be telling us what he said."

Or two, God is still not
done with this project.

Uh, I unfortunately am.

I have already sold all my cryptocurrency

and yours is now worthless,

but, y'know, you guys might still
have something going on,

I don't really know.

I'm not involved anymore.

Okay, now it looks like
we've got some kind of

video apology maybe?

I think this is the pastor here.

So this update is to really just
take some things head on,

I'm not reading from a script

and I didn't prepare
any notes like I normally do.

Yeah, you should 100% be
reading from a script, dude.

You really fucked up.

You should've written something
down. Do not freestyle this, man.

Also, you know.

Beautiful house behind
him. Beautiful view.

I-- actually, I can't
tell if this is real.

Is he green screened into
this or is this his real house?

It kinda looks like it
might be green screen

and I'm wondering, like,

is his house even nicer than this?

Like this is what he green
screened himself into

to make it seem like he's
not living a lavish lifestyle.

What does his actual house look like?

It's just Heaven.

(angelic choir)

Kaitlyn and I are being
charged in a civil charge

for basically selling millions of
dollars worth of cryptocurrency

that is deemed
worthless by the state.

I think it's probably also
being deemed worthless by

like, the value of the cryptocurrency.

I'm assuming that this guy, like,

made all of his followers
buy it, and then he sold it

so that it's now completely worthless.

So I would have to guess
that it's not just the

regulator's opinion.

There's like an objective
value to cryptocurrency.

Any cryptocurrency, you can
look at what the value is.

It's not like it's subjective.

It's not like they're telling you

your hairstyle is worthless or something.
(sad piano music)

That would be messed up.

There is no exit for people who bought.

So everyone that's watching this
who has put money into this,

who wanted to take money out,
you've been unable to do that.

How did HE exit then?

I don't know how
cryptocurrency enough works

to give a detailed analysis of this,

but how did HE make money from it, then?

If no one else can sell it?

I guess he figured out some way.

The charges are that Kaitlyn and
I pocketed 1.3 million dollars

and I just wanna come out and
say that those charges

are true.

(Danny laughs)

So there's been 1.3 million dollars
that's been taken out of, I think

it was a total of 3.4 million.

So you exited!

So what is all this about "no exit?"

There's no exit.

You just said you sold it!

You exited!

Tell everyone else how to do that!

I hope that, um, in this video

I'm not coming across as like
bashing Christianity or anything.

I think that his congregation was
totally swindled by this guy.

This could've happened
in any religion, probably.

This guy is just a con artist.

So how this whole thing started

is the Lord told us,
in '21, to walk away

from our marketing company,

and then he took us
into this cryptocurrency.

Well, that cryptocurrency
turned out to be a scam.

That's so crazy to, uh, describe
something that YOU made

"turning out to be a scam."

Like, "We had no idea."

He's describing the
cryptocurrency as having, like,

a mind of its own.

"It double crossed us,
this-- this dirty coin."

It's like, YOU made it.

That's like painting a picture of the moon

and then being like, uh,

"The picture turned out to be a moon!

We didn't realize it until we were done.

I was looking at the
moon, I was painting it,

and all of a sudden the picture
turned out to be a moon!"

So the people who bought
this, who are already basically

4Xed leveraged on this,

and so the Lord says, "Give that to 'em,

but also give them a 10X."

And I'm like, "Well, where is
this liquidity gonna come from?"

and the Lord says, "Trust me."

Sorry, was he in like a business
conference room with God?

Usually when you hear, like, the kind of

"wealth televangelist"
pastors talk about it,

even they're not having, like,
these in-depth conversations.

They're just getting,
like, signs and stuff.

This guy was writing code with God.

Which makes the claim
that you "misheard" even wilder,

cause it's like,

you had this multi-day
long development process,

you were getting instructions
the entire time,

and now you're like,

"Well, eh, I guess I misheard all of them.

They were all wrong.

He was just talking about, he was just...

just said I should go on vacation.

Dammit."

So we have the records to prove all this.

And then as we're sowing all this money--

Why is he saying he
sowed all of the money?

We're sowing all this money--

Is that, like, to avoid
using the word "stole?"

"Yeah, you know, your actions
have consequences, man.

You reap what you sow.

You walk into a jewelry store,

you hold up a gun,

You sort of sow chaos in the store

and then you reap the diamonds."

And so we sowed a
hundred thousand of that.

And then from that point forward,

things really started
escalating and just continued.

Basically all I'm getting from this video

is he's, like, completely
admitting to everything

and his excuse, of course,
is that God made him do it

or told him to do it.

But at the end of the
day, he is just, like,

"Guys, I've been accused of a crime,

so let me just defend
myself by saying, uh,

(evil battle music)
here's how I committed the crime,

I did do it.

(music stops)
There was a little old lady

walking down the street,

so I did walk up to her,
and in my defense,

(music starts)
I did push her down and take her bag.

(music stops)
Now, that seems ugly,

but let me be clear

(music starts)
that I did also shoot her in the knees.

Okay, so now we've
got a LinkedIn profile

for this company, INDXcoin.

The best of crypto with just one coin!

INDXcoin empowers you to participate
in the best of crypto technology

being: losing a ton of money,

including Bitcoin, altcoins, NFTs,

the metaverse, DeFi, and ETFs,

without becoming an
overnight crypto expert.

Okay, but to be clear,
we're NOT participating

in any of these, right?

It's just INDXcoin?

(fun dance music)
You get to participate in Bitcoin,

NFTs, the metaverse,

without having to
participate in all of that

(booing sounds)
Bitcoin, NFTs, the metaverse.

Damn, there are no jobs
available at INDXcoin right now.

That sucks.

I was gonna apply, I hear
the salary's really good.

And then here are the two scammers listed

as the two only employees.

The wife, her bio is "Jesus,
family, and business!"

and the husband's is,

"Jesus, PEOPLE, and business."

Dude, if I was his wife, I'd be
so pissed off about that bio.

(ominous battle music)
"Who's people? Am I people?

You just love everybody the same, huh?

Everybody's people?

Where am I on the list?

Where am I?"

(music stops)
And they've also got a website.

indxcoin.com.

It's crazy that all of this is still...

up and running.

Like, he's being investigated for it,

he actively admitted that
it turned out to be a scam,

against his own will.

But the website's still up.
Can I still buy INDXcoin?

(triumphant fanfare)
Oh, buy now!

Oh, okay. You can't buy it anymore.

Proofed by Hacken?

What does that mean?

Is this who made it? Hacken?

You cannot buy a cryptocurrency

(laughs) made by a
company called Hacken.

"Yeah, we're called Hacken cause we're
gonna hack into your computer

and steal all your information.

You should've known, it was in the name.

We named our company

We're Gonna Hack You.

A coin that will transform the
world and you along with it.

Join a community. Access courses.

Enjoy content. And create wealth.

I gotta say, there's no, like,

religious messaging in this
website anywhere

that I can find.

Let me see if I can
control F God real quick.

(error sound)
No.

No God or Jesus anywhere
on this website.

You could at least credit the
guy that came up with it, dude.

Dang.

Okay, this video's called,
"INDXcoin Update"

from June of 2023.

So this seems to be while
the scam was going on.

He's giving a little update, let's see.

Good morning INDXcoin,
good evening INDXcoin

wherever you guys are calling in from--

Where are YOU calling in from?

Just out of curiosity.

You're in front of a green screen again.

Does he have like, an actual church,

or is it like an online-only church

and he's always in
front of a green screen?

Cause I know those do exist, too.

Show us your house, man.

Maybe this is before
he stole all that money.

He really did have to use
the green screen back then

cause his house was small.

Now he has to use it to
make his house look small.

Is he using the green
screen cause he's, like,

already on the run from something else?

Some previous con?

"Don't mind the green
screen behind me, guys,

I actually am in the
Witness Protection Program.

A lot people wanna find me

and a lot of people wanna hurt me.

Heh heh.

I have torn multiple families apart."

Wherever you guys are calling in from,

good morning, good afternoon,

and uh, goodnight.

He just goes to sleep.

"Good morning, good afternoon,

and, uh,

fuck it! Goodnight."

(Brahm's Lullabye plays, snoring sound)

For us, we've been look at this,

we've been building out
INDXcoin, getting ready,

uh, we got our license which
everyone thought was impossible--

They got their cryptocurrency
selling license, which nobody

thought they could do.

Why do I not believe that?

Feel like that that's super easy to do.

Countless influencers have started
cryptocurrencies, dude,

I don't think it's that hard.

We're waiting for liquidity,
we're waiting for people

to basically come in and buy,

so that people can kinda
come out and uh, sell.

Uh, everyone's gonna get
rich, that's what he's saying.

And right now he's saying,

"All these people have bought in,

we're just waiting for
MORE people to buy,

that way you guys can all sell.

(carefree music)
And me too. We're all gonna sell

once more people buy."

So it's kinda sounding like

he might not have even
anticipated this being a rug pull

that only benefitted him.

He might've been TRYING

to make a Ponzi scheme.
(police sirens)

You know, where the
first people make profit

because you give them
the next people's money,

and it just keeps going like that,

and of course eventually
you're gonna run out of people.

And money.

But for a while it works.

(laughing) But it sounds like--

it-- the coin was so fucked up

that it-- he couldn't even do like,

one round of Ponzi.

He just, like, took everybody's money
and then nobody could get out

and he was like, "Shit,
I gotta get outta here."

So maybe he did intend
for SOME people to make money

off of this, I don't know.

This is John 6 verse 1 through 5,

it says, "After these things, Jesus
went away to the other side of the sea

of Galilee or Tiberius--"

Yeah, I'm gonna be honest, this
has nothing to do with cryptocurrency.

I hate to say it, I don't think the
people who wrote this part of the Bible

even knew what INDXcoin was, dawg.

Okay, so it looks like the
latest update to this story

was January 31st.

Pastor charged with stealing millions
seen in Zambia after missing hearing.

Seen in Zambia??

What is he, Bigfoot?

"Oh, there he goes, oh, he's gone!

Dammit, we still can't catch him!"

So he flew to Zambia so
he didn't have to go to court?

Denver pastor Eli Regalado,
facing civil fraud charges

for allegedly selling millions in
a bogus cryptocurrency scheme,

was seen in Zambia teaching
about God and finance--

Probably mostly finance.

--at the Gifted Faith Ministry in
the company's capital after

missing a court hearing on Monday.

Regalado's appearance at the
church's Glory Shift Conference

on multiple days this week
comes after he missed

a Monday court hearing, where a
preliminary injunction and asset freeze

were granted after he was
accused of exploiting

his religious influence
to defraud investors.

Oh yeah, here he is.

Wearing the gray hoodie, Pastor Eli visits

a church conference in Zambia after
missing a court hearing in Colorado.

Man, he got outta there fast.

Everyone in this picture, you
gotta run away from this guy, dude.

(fast-paced action music)
He's gonna steal all of your money.

Alright, well, it seems like for now
that's where that story has ended.

I hope you guys enjoyed this video,

and I'll see you guys next time.

Uh-buh-bye.