Liberty Politics
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Former US Presidential Spiritual Advisor Sentenced to 6 Years in Prison
Posted
January 25, 2021
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January 25, 2021
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13:31Now PlayingThe former Houston megachurch pastor, Kirbyjon Caldwell, was once a spiritual adviser to presidents George W. Bush and Barack Obama. The pastor was a frequent visitor to the White House during the George W. Bush administration and even officiated Jenna Bush's wedding. In Louisiana, authorities sentenced Caldwell to six years in federal prison for defrauding more than two dozen people out of millions of dollars by selling worthless Chinese bonds. According to a statement from the U.S. Attorney’s Office in Louisiana, Caldwell and Louisiana financial adviser Gregory Alan Smith were indicted in 2018 by federal officials after encouraging 29 people to invest about $3.5 million (between April 2013 to August 2014) in historical bonds issued by China before the Communist takeover in 1949. They told investors they could see returns as high as 15 times their initial investment. Sadly, the bonds from the former Republic of China existed only before the communist takeover there in 1949. Now the bonds are considered to be no more than "collectible memorabilia" by the Securities and Exchange Commission.
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Source:
Former US Presidential Spiritual Advisor Sentenced to 6 Years in Prison
Location: United States of America
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