Pastor Kirbyjon Caldwell to be arraigned Thursday in Louisiana

- The Sunday after his indictment, Windsor Village United Methodist Church pastor Kirbyjohn Caldwell  rallied the faithful.

"I'm going to preach about Jesus and his resurrection," Caldwell said.

He hopes when this is said and done, he won't have to resurrect his career and reputation. He's accused of bilking 29 investors out of $3.4 million by selling them bonds from the Republic of China. That country no longer exists and the current government doesn't recognize them. Caldwell denies that he defrauded anyone and said so in a news conference the Friday before Easter.

"These bonds are legitimate. The process is legitimate," he said.

His alleged co-conspirator is a Shreveport financial advisor who has been banned from bond trading since 2010. Caldwell is no stranger to the world of finance himself. He has an undergraduate degree in economics and a MBA from Wharton Business School. He was an investment banker and worked for a bond trading firm before attending divinity school. His lawyer says he has faith in this man of faith.

"At no time. At no time did he conspire to commit a crime with anyone. At no time did he make a false statement or knowingly make a false statement. At no time," said Dan Cogdell.

Caldwell will be arraigned on Thursday in a Louisiana courtroom. The hearing is at 2 p.m.

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