The AP reports that a man who held himself out as a "financial pastor" has pleaded guilty to mail fraud, securities fraud and embezzlement charges.  He allegedly defrauded Christian investors to the tune out of nearly $20 million.

According to the article, William T. Warren

targeted people at churches and religious organizations, mostly in Washington, and ran a Web site that said he wanted people to "achieve victory and godliness in their finances," according to court documents in the case.

The FBI said Warren persuaded people to invest their life savings, promising yields of up to 40 percent. Instead, he ran a scheme in which he paid investors who had been with him longer with funds from new investors, prosecutors said.

The financial pastor's website--reportedly "Excellentlife.org"--no longer appears to be functioning.  FYI, for all of you other wannabe financial pastors out there, the domain name FinancialPastor.com remains available.