Ephren Taylor Accused of $11 Million Christian Ponzi Scheme by SEC

Wells said she was forced to file for bankruptcy last September. She said she’s not sure if she will ever get her money back, but she wants to see Taylor held accountable.

“We’re suffering because of what he did. It needs to be stopped,” she said.

Lisa Conway became suspicious of Taylor after she went to work for him in 2010. At first, she was excited to sell another type of investment City Capital was pitching, but soon she said she began to suspect the business was not on the up and up.

“I wanted to believe the answers were legit when we had the meetings,” she said. But “I would see things that weren’t appropriate.”

 Conway said she started to think that the money coming in was lining Taylor’s pockets, and according to government officials, she was right. The SEC claimed Taylor spent his investors’ money on his car payments, credit card bills and rent on a New York City apartment.

Leave a Reply

Your email address will not be published. Required fields are marked *