Roland Martin
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Houston Megachurch Pastor Kirbyjon Caldwell Pleads Guilty To Fraud
Posted
March 12, 2020
Views
14,269
Likes
204
Comments
64
Engagement
1.88%
March 12, 2020
14,269
204
64
1.88%
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5:26Now PlayingHouston megachurch pastor Kirbyjon Caldwell pleaded guilty on Wednesday after being accused of defrauding people of millions using phony bonds.
He was indicted two years ago in federal court on wire fraud and money laundering charges. Caldwell and his investment advisor Gregory Smith sold nearly $3.5 million in worthless pre-revolutionary Chinese bonds to the elderly and vulnerable investors.
Both men face years in federal prison if convicted, and could be forced to pay back millions and forfeit a home the pastor owns in Houston.
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