I recently posted about a Colorado pastor who was with fraud for allegedly targeting members of his congregation in an alleged $3.2 million cryptocurrency scheme. According to the Colorado Securities Commission the pastor "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".

Well today, the Colorado Securities Commission announced that it has expanded its investigation and is now looking at 12 additional defendants, including the pastor's father and a brother-in-law, among others. The Colorado SEC alleges these individuals sold securities for the pastor without the necessary licenses, earning commissions ranging from $15,500 to $27,000. The scam, which operated from January 2022 to July 2023, saw Pastor Regalado allegedly misusing nearly $1.3 million for personal luxuries. https://www.9news.com/article/news/local/denver-church-cryptocurrency-scam-case/73-6408244f-aea5-491e-b0a1-136302e096a5