The news is out: [HOUSTON (AP) — A Texas megachurch pastor and former spiritual adviser to two U.S. presidents has been sentenced to six years in prison for bilking investors out of millions of dollars.
Kirbyjon H. Caldwell, 67, was sentenced Wednesday in Shreveport, Louisiana, where he and his co-defendant, Gregory A. Smith, were indicted in 2018.
Caldwell, who in March pleaded guilty to conspiracy to commit wire fraud, was the senior pastor of Houston’s Windsor Village United Methodist Church, which has about 14,000 members. He’s been a spiritual adviser to Presidents George W. Bush and Barack Obama.
According to federal prosecutors, Caldwell and Smith, a Shreveport-based investment adviser, used their clout and influence to persuade people to invest about $3.5 million in historical Chinese bonds. The bonds were reportedly issued by the former Republic of China that lost power to the communist government in 1949. The bonds aren’t recognized by China’s current government and have no investment value.]
Why these crooks and thieves have a tax exemption is beyond common sense.