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.