Former SC pastor pleads to federal felony charges

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by Associated Press

WCNC.com

Posted on January 10, 2013 at 12:42 PM

FLORENCE, S.C. (AP) -- A former Conway pastor has pleaded guilty to federal charges stemming from a Ponzi scheme in which people were bilked out of $2.5 million. 

The Sun News of Myrtle Beach reports (http://bit.ly/RHV1BX ) 41-year-old Archie Larue Evans entered the plea before U.S. District Judge Bryan Harwell in Florence on Wednesday. 

Evans pleaded to mail fraud and a charge of structuring financial transactions to evade the reporting bank deposits of more than $10,000.  Evans is the former pastor of Tilly Swamp Baptist Church and faces 25 years in prison and $500,000 in fines. 

Prosecutors say he convinced church members and others to invest in a company he ran promising high rates of interest. They say he lost or spent the money, but prepared false financial statements showing high returns.

 

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