Kirbyjon Caldwell - Houston megachurch pastor and spiritual adviser to George W. Bush - indicted on
Source: Houston Chronicle
A prominent Houston pastor and spiritual adviser to President George W. Bush has been indicted on federal charges that he sold millions of dollars in worthless Chinese bonds to elderly and vulnerable investors, according to federal authorities.
Kirbyjon H. Caldwell, 64, and Shreveport financial planner Gregory Alan Smith, 55, were charged with 13 counts of conspiracy, wire fraud and money laundering.
Caldwell is accused of using his position as the senior pastor of the Windsor Village United Methodist Church to help lure nearly $3.5 million in investments into historic Chinese bonds that are not recognized by the Chinese government. He and Smith told investors they could see returns as high as 15 times their initial investment, according to the indictment.
The charges, filed by the Securities and Exchange Commission, accuses the men of cheating 29 investors between April 2013 and August 2014 for the bonds, which are described in the indictment as mere collectible memorabilia.
Read more: https://www.chron.com/news/houston-texas/houston/article/Kirbyjon-Caldwell-Houston-megachurch-pastor-and-12792523.php
ETA: It's easy to forget how crooked the Dubya administration was.
EricMaundry
(1,619 posts)Or some such shit.
brewens
(13,612 posts)erronis
(15,324 posts)I'm liking the word "mulligan" as a infidel's equivalent to "indulgence".
hibbing
(10,103 posts)malthaussen
(17,215 posts)Firestorm49
(4,036 posts)Every year you read about stories like this, usually not through the name of Jesus, but what the hell.
Achilleaze
(15,543 posts)about as far from the teachings of Christ as you can get.
Trust Buster
(7,299 posts)KG
(28,752 posts)Major Nikon
(36,827 posts)you have to forgive them after they screw you.
sharedvalues
(6,916 posts)Bush and rove used a private email server.
And they deleted thousands of emails, obstructing the Abramoff investigation.
Lock them up.
TlalocW
(15,388 posts)That at every level of conservatism - wherever they are on the political spectrum - conservatives know that the things they believe in are unattainable or not able to be sustained (which is one reason they never seem to understand the consequences of their actions or ignore them completely - it's always short term goals for them*) so they need to get what they can, when they can, and the people they need to fleece are further right on the political spectrum - whether they're there naturally, or you had to make them yourself like this pastor probably did, brainwashing them in his sermons.
* Good example would be their constant attempts to legislate allowing teacher-lead prayer back in school. It always gets shot down at some level, but sometimes I wish it would go through so a Muslim teacher could lead a prayer so all the Christians would freak out.
TlalocW
Cryptoad
(8,254 posts)Tall Poppy
(26 posts)Of the little old ladies coming in to the large securities firm I worked for that would bring in their church bonds. They'd held onto them for decades and were ready to "cash them in". I was the one to break it to them that they were worthless.
Fritz Walter
(4,291 posts)Theres a reason why these wolves in sheeps clothing unwaveringly support Cadet Bone Spurs: well scratch your hairy, pudgy, pre-cancerous mole-covered back. Youll scratch ours (when IRS or other investigators come after us)!
NOMOGOP
(87 posts)I would not buy anything from a "minister" named Kirbyjon.
n2doc
(47,953 posts)njhoneybadger
(3,910 posts)Dave Starsky
(5,914 posts)They would literally suck shit.
Angry Dragon
(36,693 posts)cungar2000
(98 posts)Did he do it in honor of Holy Week?
Initech
(100,096 posts)Demonaut
(8,924 posts)spin much?
uriel1972
(4,261 posts)MrsCoffee
(5,803 posts)He lured 3.5 million out of investors.
Caldwell and his Wyoming-based company, LDT are accused of pocketing nearly $2 million in the Chinese bond scheme. Smith received $1 million and offshore third parties, at least one in Mexico received most of the rest, according to the indictment.
Caldwell sometimes used the alias Turner Hines when communicating with investors, and told one person who invested about $800,000 that the bonds were backed by gold or silver, according to the indictment.
workinclasszero
(28,270 posts)TexasBushwhacker
(20,208 posts)Achilleaze
(15,543 posts)I'm just sayin...