State regulators can continue freezing the bank accounts of an online pastor from Denver and his wife who have admitted selling millions of dollars in worthless cryptocurrency.
Denver District Court Judge David Goldberg ruled Monday that Eli and Kaitlyn Regalado, along with their companies and church, cannot access their allegedly ill-gotten gains. He also barred the local couple from selling their cryptocurrency or other investments in Colorado.
“This case is a sad case for me. It’s one of the more egregious cases I have seen where someone in the name of faith, the name of God, preyed upon his congregants and he did so in the name of the lord,” the judge said. He called it “a case of just unmitigated greed.”
His decision followed a two-hour hearing and the testimony of state securities investigators.
“The red flags were their expenses for personal purposes,” Ioana Dobra, a fraud investigator with the Colorado Division…
