Man Accused of Swindling New Birth Found in Kansas

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The man accused of running a Ponzi scheme and swindling members of Bishop Eddie Long’s New Birth Missionary Baptist Church out of millions of dollars has been found living in Kansas.

Federal authorities have been trying to locate Ephren Taylor for months after the Securities and Exchange Commission went to court to stop what it said was a Ponzi scheme targeting African-American church members across the nation.

Following Taylor’s disappearance, a federal judge in Georgia entered a default judgment ordering his company, City Capital Corp., to pay back more than $11.7 million. The SEC alleged that money investors thought was going to promissory notes or “sweepstakes machines” was actually used by Taylor to pay his business expenses, rent a New York apartment and fund his wife’s singing career.

ABC news located Taylor and his wife in Lenexa, Kansas, where his wife was working as a masseuse under the name Liz Taylor. The Taylors were reportedly overheard complaining about their lost fortune.

Some members who invested with Taylor have said they lost their life savings Long released a video several months ago asking Taylor and City Capital to “do what’s right” and return the money with interest.

SOURCE

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