WHAS11.com
Posted on June 20, 2011 at 11:52 PM
Updated yesterday at 11:52 PM
LOUISVILLE, Ky. (WHAS11)- A traveling evangelist accused of defrauding church-goers of more than $700,000 has pleaded guilty.
Ernest Cadick, 60, made his plea in federal court in Louisville today.
Cadick admitted to defrauding people over the past 15 years through an oil and gas investment scheme.
Cadick owned and operated Bardstown-based Kingdom Oil Company and is one of at least a six oilmen in the state to be implicated in schemes to defraud investors.
In addition to the federal charges, Cadick will also be in state court on charges of swindling nearly $30,000 from elderly victims.
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Source: http://www.whas11.com/news/local/124243079.html
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