Tag: Ephren Taylor

Ephren Taylor pleaded guilty to federal fraud charges in October, 2014.

He was sentenced on March 17, 2015, to more than 19 years in prison.

The man who devised a scheme to trick more than 400 people out of $16 million was sentenced to 19 years, seven months in federal prison, the U.S. Attorney’s Office said Tuesday.

Ephren Taylor II, while CEO of City Capital Corporation, directed a nationwide Ponzi scheme that targeted church-goers, Acting U.S. Attorney John Horn’s office said. Taylor, 32, of Overland Park, Kansas, must also pay $15,590,752.81 in restitution, Horn’s office said in an emailed statement.

€œTaylor’s €˜Building Wealth’ tour accomplished exactly the opposite, victimizing hundreds of investors and leaving many of them financially ruined,€ Horn said.

SEC says ‘Social Capitalist’ ran Ponzi scheme targeting church members

Ephren Taylor Former businessman Ephren Taylor, who describes himself as a ‘Social Capitalist,’ has been charged with fraud by the U.S. Securities and Exchange Commission for an alleged $11 million Ponzi scheme that targeted socially conscious churchgoers.

Among the victims are members of Atlanta’s New Birth Missionary Baptist Church. They are suing their pastor, Eddie Long, for promoting Taylor’s scheme.