Bakker spent four and a half years in prison after being convicted in 1989 ​of defrauding followers in a scheme involving holidays at his Christian theme park

The US televangelist Jim Bakker, who built a multimillion-dollar empire and lived ⁠in opulence before being disgraced by a sex scandal, a conviction for defrauding followers and divorce from his television co-host Tammy Faye, has died aged 86.

The death of Bakker, whose journey from the TV pulpit to a prison cell in the 1980s inspired comparisons to the corrupt character of the fictional preacher-huckster Elmer Gantry, was revealed on ⁠social media by his second wife, Lori ⁠Bakker.

Kevin Warsh’s predecessor had been investigated over cost overruns related to central bank renovation project

The US ⁠justice department is not reopening a criminal investigation into former Federal Reserve chair Jerome Powell ⁠for cost overruns ⁠related ​to the central bank’s building renovation project, a department spokesperson said on Friday.

Attorney general Todd ⁠Blanche – in comments to Bloomberg News, which first reported the development – said he has not ruled out ⁠continuing to look into the project’s oversight and potentially take ​action if evidence of ‌wrongdoing came to ‌light.