A Texas megachurch pastor stands accused of using his influence to lure "vulnerable and elderly" people into a financial scheme that caused some to lose their life savings, the Yahoo News website reports today (April 1, 2018).
Rev. Kirbyjon Caldwell, the pastor of Windsor Village United Methodist Church in Houston, is facing federal charges of defrauding investors out of more than $1 million using obsolete Chinese bonds.
A federal grand jury has handed a 13-count indictment charging Caldwell and Gregory Allen Smith, a financial planner from Louisiana, U.S. Attorney Alexander Van Hook of the Western District of Louisiana said.
The charges against the two men include wire fraud and money laundering.