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A Pastor in the USA has launched a unique scam: a token backed by the Word of God!
Here's what happened with a pastor in Colorado, USA, who created the INDXcoin token:
๐น The pastor claims that INDXcoin isnโt backed by cash, ideas, or promises.
๐น He says it's supported by the Word of God and the Holy Spirit.
He promised his followers, not what you think (definitely not porn), but a staggering return of 10x or 1,000%, all guaranteed by the "Word of God" with the assurance that heaven would reimburse everything. The funds were supposed to aid charity and orphan support.
But, things took a turn for the worse. The pastor scammed $1,300,000, splurged on a Range Rover, and renovated his house โ perhaps a divine intervention?
Next, he established the Kingdom Wealth Exchange, the exclusive platform for trading INDXcoin, resembling the typical scams in the CIS.
A year later, the exchange shut down.
His trusting parishioners clamored for their money back, but the pastor's response was, "Wait for God's miracle in INDXcoin. Hodl."
However, no miracle came.
Colorado's regulatory bodies sued the pastor and his wife for investor fraud and illegal securities trading.
A word of caution to end with: Remember that scene from "The Wolf of Wall Street" where DiCaprio is asked why they don't sell worthless bonds to the wealthy? "Bro, they're not dumb enough to buy them," was the reply. Stay alert! ๐จ๐ฌ๐ฐ