Pastor Kirbyjon Caldwell indicted on wire fraud charges

- A federal grand jury has indicted prominent Houston pastor Kirbyjon Caldwell and a Shreveport financial planner for conspiracy to commit wire fraud and money laundering.

Caldwell and Gregory Alan Smith are accused of cheating investors out of more than one million dollars by getting them to invest in Historical Chinese bonds.

Caldwell is a friend of the Bush family. He introduced George W. Bush at the 2000 GOP convention, and he presided over the wedding of his daughter Jenna.

Caldwell is also a limited partner with the Houston Texans.

The team released a statement this evening saying, "We have recently been made aware of a report involving Kirbyjon Caldwell. We are gathering more information and will have no further comment at this time."

Caldwell's attorney released this statement: "Reverend KJC is not only a religious leader, he’s wrongfully accused. He trusts the legal process but most importantly his faith. He will be absolved. We look forward to trying this case in the Court of law."

On the Factor to talk about this is attorney Charles Adams and pastor Alan Lamar Patterson with Mt. Corinth Baptist Church.

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