Patrick Kiley, a 73-year-old conservative Christian talk show host, has been indicted in a Ponzi scheme that allegedly involved $194 million in investors’ money, according to Financial Advisor magazine. He and others have been charged with wire fraud, mail fraud and money laundering, among other offenses.
Kiley broadcasts Follow the Money on the Worldwide Radio network and is heard on more than 200 stations. Kiley says he’s innocent. Financial Advisor reports him as saying he was reading from a script when he told his audience he was a senior financial advisor who advised callers to invest in the scheme.
