Atlanta, National, Photos

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 […]

National

Pop/gospel singer Michael Winans, Jr. was sentenced to 13 years in prison for running an $8 million Ponzi scheme, The Detroit Free Press reports. He was also ordered to pay his victims — some 1,200 investors — $4.8 million in restitution. Winans, who is a member of the renowned Winans family gospel music dynasty, pleaded guilty to defrauding investors […]

National

Michael Winans, member of the famed Winans gospel singing family, has pleaded guilty to defrauding investors in an $8 million Ponzi scheme. The Michigan Office of Financial and Insurance Regulation issued a cease and desist order against Winans in 2010, saying he used his connections in Detroit churches to lure investors into the scheme. Money […]

National

The Detroit Free Press is reporting that hundreds of investors in the Detroit area and elsewhere in Michigan lost as much as $11 million to a Ponzi scheme involving a Saudi Arabian crude oil bond scam connected to Michael Winans Jr., according to state regulators. The Office of Financial and Insurance Regulation said that it […]