Rev. Kirbyjon H. Caldwell: Megachurch Pastor Accused of Scamming Elderly

[videowaywire video_id=”1BDA78A25315DF01″]

*Houston megachurch pastor Rev. Kirbyjon H. Caldwell was indicted in federal court Thursday on claims that he sold more than $1 million in worthless Chinese bonds to elderly investors, the Washington Post reports. 

A federal grand jury in Shreveport, La., returned a 13-count indictment accusing Caldwell and financial planner Gregory Alan Smith of wire fraud, money laundering and conspiracy. Many of their victims lost their life savings to the alleged scheme, prosecutors said in a news release.

Smith and Caldwell, a longtime spiritual adviser to George W. Bush, were also sued by the Securities and Exchange Commission in the same federal court on allegations that they violated financial laws.

OTHER NEWS YOU MIGHT HAVE MISSED: Stephon Clark UPdate: Autopsy Shows He was Shot 6 Times … in the Back!

According to the charges, Caldwell used his influence as pastor of the 16,000-member Windsor Village United Methodist Church in Houston, and Smith used his status as operator of Smith Financial Group in Shreveport, Louisiana, to lure elderly and vulnerable investors o pay more than a million dollars for historical Chinese bonds, per Newsweek.

The bonds were reportedly issued by the former Republic of China before it lost power to the Communist government in 1949, and are not recognized by the current Chinese government and have no investment value.

“Smith and Caldwell promised high rates of return, sometimes three to 15 times the value of the investments,” according to the statement. “Instead of investing the funds, the defendants used them to pay personal loans, credit card balances, mortgages, vehicle purchases and other personal expenses.”

If found guilty, both men face up to 20 years in prison for the wire-fraud-related charges. They face an additional 10 years for the money laundering counts, as well as up to $1 million in fines. 

We Publish News 24/7. Don’t Miss A Story. Click HERE to SUBSCRIBE to Our Newsletter Now!

Shannon Sharpe and Chad Johnson
Tanya Nolan
Terrell Owens - screenshot
Tyrese Gibson
Pharrell Williams - Depositphotos
2024 Mazda CX-90 - 17 - Original
Dr Tara S Merchant
Kelly Rowland
Chopper - screenshot
The only Christopher we acknowledge is Wallace! ✊ Commemorating the 25th Anniversary since the passing of Frank White, we are excited to announce "The Notorious B.I.G. NFT Collection" is coming soon! ????… IS this all a dream?! ???????? #BeOneOf #Tezos????https://t.co/qCYH5Tepsu pic.twitter.com/iVgLEStBMR— OneOf (@OneOfNFT) March 9, 2022
Cherelle Parker - screenshot
Read More
Aaron Pierre - screenshot
Read More
George W. Bush - Donald Trump (Getty)
Read More
Jimmy Butler & Kaitlin Nowak - screenshot
Read More
Kanye West and Bianca Censori on Grammy Red Carpet - screenshot
Read More
Damon Wayans
Read More
Denzel Washington - Gladiator II
Read More
“Carl Weber’s The Family Business: New Orleans”
Read More
Rymir Satterthwaite - screenshot
Read More
Learjet after crashing - via Grok AI
Read More

POPULAR

Shannon Sharpe and Chad Johnson
Shannon Sharpe, Chad Johnson Talk Financial Discipline for NFL Players: ‘Do We Really Need All That?’ | WATCH
Tanya Nolan
Tanya Nolan Teams Up with Grammy-Winning Producers for Uplifting Gospel Single ‘Blessings’ | LISTEN Now
Terrell Owens - screenshot
Terrell Owens Blasts NFL and KC Chiefs Over Game Rigging Claims: ‘It’s Blatant and Obvious’ | VIDEO
Tyrese Gibson
Tyrese Gibson Ends Racial Profiling Lawsuit Against Home Depot
Pharrell Williams - Depositphotos
Universal Pictures Pulls the Plug on Pharrell Williams’ Star-studded Musical Adventure ‘Golden’ | VIDEO
2024 Mazda CX-90 - 17 - Original
EUR Car Review Side by Side: 2025 Mazda CX-90 PHEV Premium Plus vs. CX-90 3.3 Turbo S Premium Plus
Dr Tara S Merchant
EUR Commentary By: Dr. Tara S. Merchant: Stop Jumping on the Bandwagon!
Kelly Rowland
Kelly Rowland Admits She Gets 'Spirited' While Cheering for Son's Basketball Games
Chopper - screenshot
Chopper Alleges Diddy's Ex Assistant Fonzworth Bentley Was Known for Stealing | Video
1 2 3 8,547