J. Scott Applewhite/AP The SEC has filed a complaint against a pastor and a self-proclaimed financial planner who defrauded 29 mostly elderly people of $3.4 million. Gregory Smith has been barred from broker deals but allegedly sold old Chinese bonds on the promise of guaranteed high returns. Kirbyjon Caldwell, a Houston pastor and friend of George W. Bush, claims his innocence. The bonds in question were issued by the Republic of China, which was overthrown in 1949, making the bonds of no value...
The Feds have charged a Texas pastor and a financial planner with selling defunct Chinese bonds to elderly investors
Business Insider - 6 Apr 2018 18:36
J. Scott Applewhite/AP The SEC has filed a complaint against a pastor and a self-proclaimed financial planner who defrauded 29 mostly elderly people of $3.4 million. Gregory Smith has been barred from broker deals but allegedly sold old Chinese bonds on the promise of guaranteed high returns. Kirbyjon Caldwell, a Houston pastor and friend of George W. Bush, claims his innocence. The bonds in question were issued by the Republic of China, which was overthrown in 1949, making the bonds of no value...
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