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A former Houston megachurch pastor who pleaded responsible to defrauding the susceptible and aged final yr has begun his jail sentence.
ABC13 Houston experiences that Kirbyjon H. Caldwell is serving his sentence at a low-security federal jail in Beaumont, TX, the place he was scheduled to reach on Tuesday (June 22). The 67-year-old was sentenced to 6 years in jail after pleading responsible to wire fraud and defrauding buyers.
Caldwell is the previous senior pastor of Windsor Village United Methodist Church, a 14,000-member megachurch. He as soon as served as a religious advisor to presidents Barack Obama and George W. Bush.
In March 2020, Caldwell and monetary planner Gregory Alan Smith had been federally indicted of wire fraud, cash laundering, and conspiracy to promote over $1 million of phony Chinese language bonds. In response to ABC13, Houston, Caldwell, and Smith offered almost $3.5 million in nugatory pre-revolutionary Chinese language bonds to the aged and different susceptible buyers.
In a January assertion, Performing U.S. Legal professional Van Hook stated, “This defendant used his standing because the pastor of a megachurch to assist persuade the various sufferer buyers that they had been making a reliable funding however as an alternative he took their hard-earned cash from them and used it for his personal private acquire.”
Faith Information Service experiences Caldwell was additionally ordered to pay restitution totaling $3,588,500, together with a tremendous of $125,000.