A Colorado pastor is facing fraud charges for allegedly selling $3.2 million worth of cryptocurrency that was deemed "worthless" by state securities regulators. Eligo Regalado and his wife, Kaitlyn Regalado, are accused of targeting members of the Christian community and promoting a cryptocurrency token called INDXcoin. The couple allegedly sold the tokens through a cryptocurrency exchange they created. The exchange was later shut down, and the pastor admitted in a video that the allegations against him are true.