DENVER -- There's a new bizarre twist in the story of the unsolved murder of Aarone Thompson and the cloak of suspicion over her father and his deceased girlfriend. 7NEWS' Investigator Tony Kovaleski has uncovered a document that raises serious questions about the credibility of one of Denver's most prominent bishops who has spoken out in the case.

The FBI is looking into the insurance business run by Bishop Acen Phillips. He's taken hundreds of policies including one written just days after he met Shely Lowe.

Lowe and her live-in boyfriend, Aaron Thompson, were named "persons of interest" several days after Aarone disappeared in November 2005. Days after police fanned out to search for her, they ended the search and said they believe Aarone had been killed.

Thompson and Lowe say they had nothing to do with the girl's disappearance or her death.

Lowe died of severe heart disease in May and Phillips defended her following her death.

"I think Shely had taken all God had wanted her to take, and I think God said, 'Enough is enough,'" Phillips said at the time.

Their relationship started just six months earlier following Aarone's disappearance. Now, Phillips must defend his actions surrounding a document that was obtained exclusively by 7NEWS.

The document is a $100,000 life insurance policy on Lowe's life, written by Phillips. It shows that 90 percent of the policy's payout would go to Phillips' churches.

7NEWS showed the life insurance policy to Sam Riddle, who has defended Thompson and Lowe since the early days of the murder investigation.

"My initial gut reaction is this is not passing the smell test," Riddle said.

Riddle is a family friend who built a close friendship with Lowe as police investigated Aarone's disappearance as a death.

When asked if she was responsible for Aarone's death, Lowe had told Kovaleski in an exclusive interview on Dec. 1, 2005 that she was not.

"Aaron, did you kill your daughter?" Kovaleski asked Aaron Thompson.

"No. No, I did not," said Thompson.

While Aarone's disappearance remains unsolved, the insurance policy raises other issues. The policy is dated Nov. 27, 2005 -- just two days after Lowe had complications with the birth of her final child. It appears to be signed by Lowe and Phillips.

A signature signed on the witness line appears to match Phillips' signature on a letter to the insurance company requesting payment four weeks after Lowe's death.

Riddle said he never knew about the life insurance policy.

"You know, Tony, when I look at this insurance policy, I just get this feeling of disgust," Riddle said. "And for her to have allegedly signed this within 48 hours of giving birth -- a child birth that resulted in exasperating an existing heart condition. I mean, she damn near died in the hospital. I don't think signing an insurance policy would have been at the top of Shely's things to do and she never -- Shely never discussed having signed an insurance policy."

The policy on Lowe's life lists the New Birth Temple of Praise Community Baptist Church as an 80 percent beneficiary. The American Church United is a 10 percent beneficiary. Both churches are run by Phillips.

"Is there a plausible reason for what you've seen in this policy?" Kovaleski asked Riddle.

"Yeah, pimping death and enriching oneself. That's all I can see," Riddle said.

The policy also lists Aaron Thompson as a 10 percent beneficiary. Thompson told 7NEWS he didn't know about the policy. He said he didn't know he got 10 percent, and he didn't know that $90,000, or 90 percent of it, goes to Phillip's churches.

"Does that bother you? Shouldn't you know about this?" Kovaleski asked.

"I should, and I'll talk to him about it," Thompson said.

So, 14 months after the policy was written and eight months after Lowe died, her live-in boyfriend and a close family friend said they knew nothing about the life insurance policy written by Phillips.

"I've got to talk to you about something, sir. You know this document?" Kovaleski asked Phillips, pointing to the life insurance policy.

"Where'd you get that from?" Phillips asked.

"Do you recognize that document?" Kovaleski asked.

"I'm not going to comment. I need you to talk to my attorney about that," Phillips said.

"That's Shely Lowe's insurance policy," Kovaleski said.

"Yeah," Phillips said.

"Ninety percent is going to your churches, sir," Kovaleski said.

"No, it's not. And ...," Phillips said.

"Wait. Help me understand. Why is it not?" Kovaleski said.

"Let me refer you to Gary Lozow, who is our attorney," Phillips said.

"That is so disgusting, so repulsive, so wrong. I'm at a loss for words. I mean, it's so inconceivable to me that a human being could do that," Riddle said.

"You know and I know, it doesn't look good," Kovaleski said to Phillips.

"Oh, I'm not so sure about that. I think when you hear the real story, it'll look real good," Phillips said.

Phillips promised to explain the insurance policy and all the issues surrounding it after he spoke with his attorney. Since the meeting on Monday afternoon Phillips has not returned several phone calls.

7NEWS has confirmed that the South Carolina attorney general was investigating Phillips and his insurance business. That information has been turned over to the Colorado attorney general.

In a statement, the FBI told 7NEWS, "The FBI has met with the Aurora Police Department on this matter and have continuing conversations to determine whether there is a violation of federal law."

The insurance company has not paid the policy.

Have a question or comment on this story? Or have a news tip or story idea? E-mail Investigator Tony Kovaleski or call us at 303-832-TIPS.