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Megachurch Pastor Kirbyjohn Caldwell Indicted For Stealing Millions From Congregation

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Pastor Kirbyjohn Caldwell leads more than 14,000 members at the Windsor Village United Methodist Church in Houston, Texas. He was one of President George W. Bush‘s spiritual advisers and he officiated Jenna Bush‘s wedding.  Allegedly, he is also a fraud who has been stealing from his members.

According to ABC 13 in Houston, Texas, Pastor Caldwell and his investment adviser Gregory Smith sold Chinese bonds to his congregation, focusing on the vulnerable and the elderly. Chinese bonds were valuable in the 1940’s, but clearly not valuable now. Court papers say they allegedly sold nearly $3.5 million worth that aren’t worth anything. The pastor “encouraged investors to ‘remain faithful and that they would receive their money. Caldwell also used religious references to give investors hope they would soon be repaid.’”

Caldwin and Smith “face years in federal prison and could be made to pay back millions and forfeit a home the pastor owns in Houston.” Allegedly, he used money from the scam to pay the mortgage on the house. The charges for Caldwell include federal indictments for wire fraud and money laundering, among other charges of corruption. The pastor tried to explain himself to ABC 13, see below.

In 2004, Caldwell wrote the book Entrepreneurial Faith: Launching Bold Initiatives to Expand God’s Kingdom, described as “entrepreneurship, they concede, is often associated with money-fixated ‘wheeler-dealers,’ but they argue that its true meaning lies in finding opportunities and taking risks for the sake of a vision that others haven’t yet seen.”

Sounds like Caldwin was the ultimate “wheeler-dealer.” Plus, watch him discuss his ministry below.

He said, “Our budget for the entire year, at that time, equals the amount that we take up at most eight o’clock services now.” But how much of that “budget” went into his pocket?

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Megachurch Pastor Kirbyjohn Caldwell Indicted For Stealing Millions From Congregation  was originally published on newsone.com