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UPDATE: Houston Megachurch Pastor Charged With $3.4M Fraud Will Surrender To Authorities Next Week

The high-profile pastor, who was spiritual adviser to George W. Bush, faces 13 counts of wire fraud, money laundering, and conspiracy to commit those offenses

 

Houston megachurch pastor Kirbyjon Caldwell will surrender to authorities sometime in the next week, his lawyer said at a press conference Friday. Caldwell was indicted on federal charges of wire fraud and money laundering this week. He denies any wrongdoing.

 

 

The federal indictment accuses Caldwell and another man, Gregory Alan Smith, of selling $3.4 million worth of pre-revolutionary Chinese bonds, which were in default, to the “vulnerable and elderly.”

Prosecuters claim those bonds are in default, though Caldwell says he still believes the bonds are “legitimate” and expects a return on the investments. Cladwell claims to have invested “hundreds of thousands” of dollars of his own money into the bonds and to have returned around a million dollars in investor’s money.

 

The indictment also claims Caldwell used his position in the Windsor Village United Methodist Church to influence investors to buy the bonds. Cladwell claims he did not sell to church members. Caldwell was formerly a spiritual adviser to both Presidents George W. Bush and Barack Obama.

When asked about his relationship with Gregory Alan Smith and whether Smith may have misled him about the bonds, Caldwell declined to answer.

 

 

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Davis Land

Davis Land

General Assignments Reporter

Davis Land is a general assignment reporter for Houston Public Media. He cut his teeth at Atlantic Public Media/Transom.org in Woods Hole, MA and at WBUR in Boston. His work has appeared on various public radio programs and podcasts including Texas Standard, Here and Now, and Marketplace. Davis is a...

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