Former President Obama has been known to have connections to some nefarious people.
After leaving office, it came out that he was very close with racist hate preacher Louis Farrakhan.
And now Obama’s former spiritual adviser is on his way to prison for a crazy reason.
Houston area Reverend Kirbyjon Caldwell was the former spiritual adviser to both former President Obama and former President George W. Bush.
In his capacity, Caldwell communicated closely with both former Presidents on religious issues.
But now he is facing some serious charges and could spend up to thirty years in prison.
Caldwell is expected to surrender to the U.S. Attorney’s Office in the Western District of Louisiana to be arraigned on charges relating to a Chinese bond scheme.
Caldwell and his business partner were hit with a 13 count indictment accusing them of wire fraud and conspiracy to commit money laundering after raising $3.5 million in Historic Chinese bonds from 29 investors.
According to the indictment they allegedly duped the investors into thinking they were buying their bonds through a Shreveport-based company.
The bonds sold were issued by the former Republic of China prior to losing power to the Communist government in 1949, and are not recognized by China’s current government, making them worthless.
And instead of investing the money, they allegedly used them to pay person loans, credit card balances, mortgages, vehicle purchases, and other personal expenses.
As reported by ABC News:
“The notable Houston reverend and former spiritual adviser to both Presidents George W. Bush and Barack Obama, who stands accused by federal prosecutors of bilking millions from investors in a Chinese bond scheme, plans to turn himself in, ABC News has learned.
“The surrender date will be arranged on Monday,” said attorney Dan Cogdell, who represents Pastor Kirbyjon Caldwell.
Caldwell is expected to go before a magistrate judge at the U.S. Attorney’s Office in the Western District of Louisana to be arraigned, Cogdell said.
“Rev. Caldwell and I will travel to Shreveport and seek a bond from the judge, which I believe the government will agree to,” he said.
The U.S. Attorney’s Office did not immediately respond to requests for comment to confirm that Caldwell would surrender.
Caldwell, 64, and Gregory Smith, a 55-year-old business partner, were hit with a 13-count indictment accusing them of committing wire fraud and conspiracy to commit money laundering when they raised around $3.5 million in Historical Chinese bonds from 29 investors between 2013 to 2014.
Prosecutors allege the men duped investors into thinking they were buying bonds through a Shreveport-based company called Smith Financial Group LLC.
“These bonds were issued by the former Republic of China prior to losing power to the Communist government in 1949,” prosecutors said in a news release. “They are not recognized by China’s current government and have no investment value.”
And instead of investing it, they allegedly “used them to pay personal loans, credit card balances, mortgages, vehicle purchases and other personal expenses,” the release states.
If convicted, Caldwell and Smith face up to 30 years in prison.”
These are serious charges and Obama’s former spiritual adviser could be facing 30 years in prison.
I guess you can tell a man by the company he keeps.