*Megachurch pastor Wiley Jackson has been charged with six counts of violating Georgia securities laws, says CBS Atlanta.
A DeKalb County grand jury handed down the indictment against Jackson and his brother, Rodney Jackson, for an investment scheme that began a decade ago.
According to DeKalb County District Attorney Robert James, the leader of Gospel Tabernacle Church recruited members to buy shares in an unregistered company called Genesis, LLC. James said neither brother was licensed by the state to sell securities.
“Some people lost a lot of money,” said James.
CBS Atlanta News first reported on the alleged investment scheme in 2010, when two investors accused their former pastor of taking thousands of dollars.
According to the indictment, Abbey Shanks of Locust Grove lost $10,000 when she invested in Genesis in 2002.
Read the full story at CBS Atlanta.