Hours after news broke of Windsor Village United Methodist Church pastor Kirbyjon Caldwell being indicted on multiple counts of wire fraud and money laundering, his lawyer has issued a response.
Dan Cogdell, Caldwell’s attorney released a statement ahead of an upcoming press conference. Caldwell is alleged to have defrauded people of millions of dollars using fake Chinese bonds.
“Pastor Kirbyjon Caldwell is a religious leader who has been falsely accused,” Cogdell said. “He trusts the legal process completely but most importantly his faith. He will be absolved. We look forward to trying this case in the court of law.”
Caldwell along with investment advisor Gregory Smith were indicted after court document showed that the pair sold nearly $3.5 million in pre-revolutionary Chinese bonds to the elderly and vulnerable investors. The indictment states that Smith, nor Caldwell paid investors back from the worthless bonds but instead promised them that they would pay them back eventually.
Both men face up to 30 years in prison and could be made to pay back millions. Caldwell could also forfeit a home he owns in Houston.