July 22, 2025

In a sobering tale of spiritual betrayal, a Colorado pastor and his wife stand accused of exploiting the sacred trust of their fellow believers to fuel a lavish lifestyle under the guise of divine instruction. Eli and Kaitlyn Regalado, founders of the online-only Victorious Grace Church, were indicted on 40 charges related to a cunning cryptocurrency scheme that allegedly bilked nearly $3.4 million from faith-filled investors through their so-called digital currency, INDXcoin. Authorities say only a fraction of the funds went toward any legitimate business operations, while over $1.3 million reportedly financed personal indulgences—including home renovations the couple claimed were commanded by God Himself. This case serves as a chilling reminder for the faithful to remain ever vigilant, even within the flock, as wolves in shepherd’s clothing may use the language of Scripture to mask deceit and greed.

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