Preacher Swindled Millions in Ponzi Scheme: Found Hiding in Kansas [Video]
Ephren Taylor, the preacher accused of a Ponzi scheme which targeted church members across the country has been found hiding in Kansas. Taylor is accused of swindling millions of dollars from members of Bishop Eddie Long’s New Birth Missionary Baptist Church.
After the Securities and Exchange Commission went to court to shut down this scheme, Taylor disappeared and Federal authorities hadn’t been able to find him. Taylor and his wife were recently located in Lenexa, Kansas living under falsified identities.
Taylor, 31, first gained national attention with a rags-to-riches story of growing up dirt poor in Mississippi. After he gained popularity he traveled to different churches telling them that he was a financial adviser who had made his first million in his 20′s after creating a video game. He promised he could do the same for his fellow Christians.
One Sunday morning in 2009, Eddie Long introduced Taylor to his church by telling them, “Everything he says is based on the word of God.” Taylor stepped up to the pulpit, took the microphone and the rest is history.
Taylor told the members that he was going to show them how to get wealth. He was supposedly on a “Building Wealth Tour” which he used to travel the country and push self-improvement. He was sure to follow-up by having private meetings with interested investors.