MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
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Kirbyjon Caldwell, famed Houston megachurch pastor, sold millions in worthless bonds, feds charge
By artappraiser on Fri, 03/30/2018 - 6:27pm |By Derek Hawkins @ WashingtonPost.com, March 30
with Rev. Caldwell during a fundraiser
in Houston in 2003.
(David J. Phillip/AP)
A Houston megachurch pastor and longtime spiritual adviser to President George W. Bush was indicted in federal court Thursday on claims that he sold more than $1 million in worthless Chinese bonds to vulnerable and elderly investors, some of whom lost their life savings to the alleged scheme.
A federal grand jury in Shreveport, La., returned a 13-count indictment accusing the Rev. Kirbyjon H. Caldwell and financial planner Gregory Alan Smith of wire fraud, money laundering and conspiracy, prosecutors said in a news release.
The two men were also sued by the Securities and Exchange Commission in the same federal court on allegations that they violated financial laws [....]
URL:
https://www.washingtonpost.com/news/morning-mix/wp/2018/03/30/kirbyjon-caldwell-famed-houston-megachurch-pastor-sold-millions-in-worthless-bonds-feds-charge/
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