Atlanta pastor, brother indicted in investment scheme - Atlanta News, Weather, Traffic, and Sports | FOX 5

Atlanta pastor, brother indicted in investment scheme

Gospel Tabernacle Church Bishop Wiley Jackson Gospel Tabernacle Church Bishop Wiley Jackson
DEKALB COUNTY, Ga. -

One of Atlanta's most well-known pastors is accused of cheating his flock.  A DeKalb County grand jury indicted Gospel Tabernacle Church Bishop Wiley Jackson and his brother Rodney on eight counts of violating the Georgia Securities Act on Thursday.

"These people are essentially charged with selling securities without a license. In  Georgia, this is regulated activity," DeKalb County District Attorney Robert James said.

James said that the Jackson brothers recruited investors to their company, Genesis LLC -- a business that the district attorney says doesn't exist.

"The Secretary of State has confirmed that, at least licensed in Georgia as an LLC, there is no Genesis LLC," James said.

According to his website, Jackson's Gospel Tabernacle Church has three metro area locations. The district attorney says the victims who lost thousands of dollars were parishioners at Jackson's church.

"They invested with them and they lost their money," James said.

One of the three victims named in the indictment lost as much as $10,000.

Jackson released a statement to FOX 5 stating, "I am surprised to learn of this indictment. I am out of town and cannot respond until I have read the indictment.  There has been no wrongdoing."

But James says the case is clear.

"They operated outside of the law," he said.

James says the investments were ministry and church related.

The maximum penalty Bishop Jackson could be facing is 10 years jail time for each of the eight criminal counts.

  • More Local NewsMore>>

  • Police identify suspected gym 'locker thief'

    Police identify suspected gym 'locker thief'

    Wednesday, April 23 2014 6:01 PM EDT2014-04-23 22:01:19 GMT
    Peachtree City Police say they have identified a man wanted for stealing wallets in at least three local gyms in metro Atlanta. .Police say Brian Gordon had almost a perfect cover story.
    Peachtree City Police say they have identified a man wanted for stealing wallets in at least three local gyms in metro Atlanta. .Police say Brian Gordon had almost a perfect cover story.
  • Governor signs controversial gun bill into law

    Governor signs controversial gun bill into law

    Wednesday, April 23 2014 4:47 PM EDT2014-04-23 20:47:57 GMT
    A few hundred gun rights advocates gathered for Wednesday's bill signing in Ellijay with top officials including House Speaker David Ralston and bill sponsor Rep. Rick Jasperse.
    A few hundred gun rights advocates gathered for Wednesday's bill signing in Ellijay with top officials including House Speaker David Ralston and bill sponsor Rep. Rick Jasperse.
  • Man leads Rockdale Deputies on 100mph chase

    Man leads Rockdale Deputies on 100mph chase

    Wednesday, April 23 2014 3:20 PM EDT2014-04-23 19:20:03 GMT
    A South Carolina man fleeing from deputies crashed his car and had to be pulled from the wreckage after it burst into flames.
    A South Carolina man fleeing from deputies crashed his car and had to be pulled from the wreckage after it burst into flames.
Powered by WorldNow

1551 Briarcliff Rd., NE
Atlanta, GA 30306

Main Number: (404) 875-5555
News Tips: (404) 898-0100

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices
.