"Everything he says is based on the word of God," Long pledged to the members of his megachurch. But Taylor wasn't a visiting minister. He was a financial adviser, one who claimed to have made his first million before he turned 18. And he promised he could do the same for his fellow Christians.
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But according to the Securities and Exchange Commission, what Taylor was actually peddling was a giant Ponzi scheme, one aimed to "swindle over $11 million, primarily from African-American churchgoers," that reached into churches nationwide, from Long's megachurch in Atlanta to Joel Osteen's Lakewood Church congregation in Houston.
Ephren Taylor Accused of $11 Million Christian Ponzi Scheme
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Seeded on Wed May 9, 2012 7:02 AM
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