Kirbyjon Caldwell, the Houston mega church pastor at Windsor Village United Methodist Church in Southwest Houston, was indicted Thursday afternoon on six counts of wire fraud as well as a charge of money laundering.
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According to court documents, Caldwell and 55-year-old Gregory Alan Smith raised nearly $3.4 million through a Chinese bond scheme to defraud approximately 29 investors from April 2013 to August 2014.
“In reality, the bonds were mere collectible memorabilia with no investment value,” court documents stated.
Caldwell and Smith are charged with one count of conspiracy to commit wire fraud, six counts of wire fraud, one count of conspiracy to commit money laundering and three counts of money laundering. Additionally, Smith and Caldwell are charged in two separate counts of money laundering. Each man faces up to 30 years in prison and a $1 million fine.
The megachurch pastor, who once served as one of President George W. Bush’s spiritual advisors is said to be turning himself into Louisiana authorities within the next 10 days.
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Houston Pastor Kirbyjon Caldwell Indicted For Wire Fraud and Money Laundering was originally published on www.praisehouston.com