The Colorado Division of Securities, in a most solemn manner, announced on the 16th of September that Judge Heidi L. Kutcher of the Denver District Court delivered a verdict against Indxcoin LLC and its founders, Eli and Kaitlyn Regalado, for their egregious securities fraud, contravening the Colorado Securities Act. The decision, following a three-day trial in May, resulted in a $3.34 million judgment, joint and several, against the defendants. The civil action originated in January 2024 when Securities Commissioner Tung Chan, with a furrowed brow, filed fraud charges, alleging the Regalados developed and promoted a worthless digital token. 🎩💸