Carol Kuruvilla reported on Friday, March 30, 2018: Texas megachurch pastor stands accused of using his influence to lure “vulnerable and elderly” people into a financial scheme that caused some to lose their life savings. Rev. Kirbyjon H. Caldwell, the pastor of Windsor Village United Methodist Church in Houston, is facing federal charges of defrauding investors out of more than $1 million using obsolete Chinese bonds.
A federal grand jury has handed a 13-count indictment charging Caldwell and Gregory Alan Smith, a financial planner from Louisiana, U.S. Attorney Alexander C. Van Hook of the Western District of Louisiana said Thursday. The charges against the men, who conspired with each other, include wire fraud and money laundering. Van Hook’s office claims Caldwell used his status as pastor of the Houston church to help gain investors’ trust.