Bishop Long introduced the Ephren Taylor as his friend.The SEC charged Taylor for running a 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 โ€œfriend.โ€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 Longโ€™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 โ€œfriend,โ€ the former New Birth members lost more than $1 million investing with the self-described โ€œsocial capitalist.โ€

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

Freddie Allen is the National News Editor for the NNPA News Wire and BlackPressUSA.com. 200-plus Black newspapers. 20 million readers. You should follow Freddie on Twitter and Instagram @freddieallenjr.