Former pastor pleads to federal felony charges - WMBFNews.com, Myrtle Beach/Florence SC, Weather

Former Conway pastor pleads to federal felony charges

FLORENCE, SC (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.

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.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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