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A Houston megachurch pastor and longtime spiritual adviser to President George W. Bush was indicted in federal court Thursday on claims that he sold more than $1 million in worthless Chinese bonds to vulnerable and elderly investors, some of whom lost their life savings to the alleged scheme.

A federal grand jury in Shreveport, La., returned a 13-count indictment accusing the Rev. Kirbyjon H. Caldwell and financial planner Gregory Alan Smith of wire fraud, money laundering and conspiracy, prosecutors said in a news release.

Continue reading:  Kirbyjon Caldwell, famed Houston megachurch pastor, sold millions in worthless bonds, feds charge

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