A Houston megachurch pastor with ties to former Presidents Barack Obama and George W. Bush is planning to turn himself in to authorities after he was indicted for orchestrating a $3.5 million fraud, his lawyer has said.
The pastor, Kirbyjon Caldwell, and Gregory Alan Smith, a Louisiana financial planner, were brought up on federal charges on Thursday.
According to the indictment, Caldwell and Smith used their 'influence and status' to lure dozens of 'vulnerable and elderly' people to invest in worthless Republic of Chinabonds.
The bonds were issued after World War II, but became worthless when the Communists took over the country in 1949, kicking out the old government who issued the bonds.
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2 comments:
These mega churches and televangelists are as corrupt as they come. Tax them.
Obama's bush ?
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