Bishop Eddie Long Sued Over Alleged Ponzi Scheme

Bishop Eddie Long Sued Over Alleged Ponzi Scheme

Bishop Long introduced the Ephren Taylor as his friend.The SEC charged Taylor for running a Ponzi Scheme.
Bishop Long introduced Ephren Taylor as his “friend.”The SEC charged Taylor for running a Ponzi Scheme in 2012.

[HUFFINGTON POST]

Atlanta megachurch pastor Bishop Eddie Long is facing a suit from former parishioners who say he encouraged them to invest in a company that was operating an alleged Ponzi scheme.

A dozen former members of New Birth Missionary Baptist Church in Lithonia, Ga., filed suit in DeKalb County court in late January. The suit says that Long’s assistant had been warned that businessman Ephren W. Taylor was running a $3 million capital deficit, The Atlanta Journal-Constitution reported.

After Long introduced the businessman as his “friend,” the former New Birth members lost more than $1 million investing with the self-described “social capitalist.”

Read more about the latest allegations against Bishop Eddie Long at Huffington Post.