A prominent United Methodist Church pastor who oversees one of the largest congregations in the United States has been charged with defrauding members of over $1 million.
Kirbyjon Caldwell, senior pastor at Windsor Village United Methodist Church in Houston, Texas, which has an estimated 15,000 members, was indicted on multiple charges, including money laundering and wire fraud on Thursday.
According to the charges, Caldwell personally profited from the sale of more than $1 million in worthless Chinese bonds.
“The bonds were issued by the former Republic of China prior to 1949, are not recognized by China’s current government and have no investment value, U.S. Attorney for the Western District of Louisiana Alexander C. Van Hook said,” Reuters reports.
“Caldwell and Gregory Alan Smith, 55, operator and manager of Smith Financial Group in Shreveport, [Louisiana], were charged by a federal grand jury in a 13-count indictment, prosecutors said.”
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