Lawyer for Houston megachurch pastor Kirbyjon Caldwell to address fraud charges today
The attorney for Houston megachurch pastor Kirbyjon Caldwell going to hold a press conference Friday morning next allegations which Caldwell defrauded people of millions Utilizing phony Chinese bonds.Caldwell's attorney Dan Cogdell launched a statement saying:Caldwell has been indicted on fraud charges.Court papers state which the 64-year-old pastor & investment advisor Gregory Smith purveyed almost $3.5 mn in pre-revolutionary Chinese bonds to the elderly & vulnerable investors.The bonds were worthless.The indictment alleges Caldwell & Smith never paid Businessmen back however instead saved them on the hook by frequent Businessman calls & pledges of payback.Both men face years in Fed prison, if convicted, & can be made to pay back millions & forfeit a house the pastor owns in Houston.Court filings propose he used money from the alleged investment scheme to pay the mortgage on it.Caldwell Information Systems the senior pastor of Windsor Village United Methodist Church.He has a congregation of further than 16,000 people.Caldwell once served as 1 of President George W. Bush's spiritual advisors. He even presided over Jenna Bush's wedding.Caldwell Information Systems too a limited partner by the Houston Texans.The Texans Administration Information Systems continue investigating these allegations.The pastor probably address the media by his attorney at ten a.m. Friday.Shreveport financial planner & Houston pastor indicted - KATC.com | Continuous break news Coverage | Acadiana-Lafayette
As it stated in A Fed grand jury has returned a 13-count indictment accusing a Shreveport financial planner & a pastor of a Houston church of bilking Businessmen out further than $1 million. Smith & Caldwell too are found guilty in 2 breaking up counts of money laundering. According to the indictment, Smith used his effect & case as the operator & manager of Smith Financial Group limited liability company in Shreveport, & Caldwell used his effect & case as pastor at a prominent Houston church to lure Businessmen to pay further than $1 mn to invest in Historical Chinese bonds. The defendants each face twenty years in prison for the conspiracy to commit wire fraud count & for the wire fraud counts. They too face ten years in prison for the conspiracy to commit money laundering count & the money laundering counts.collected by :Donald Luther