rosiepi

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rosiepi 12 years, 2 months ago

please read how members of "Pastor" Long's church fared after investing with Ephren Taylor former owner of the now bankrupt New City Capital and now charged by the SEC with fleecing churchgoers out of $11 million in a Ponzi scheme. Long and his church rec'd a percentage of the sales to his own church's members in Taylor's popular 'building wealth tour' and the "machines" he was selling. According to the SEC, more than 100 investors including from the New Birth church bought the notes, while more than 250 investors bought the machines. It said the scheme ran from 2008 until late 2010, when new funds dried up." Incredibly these churchgoers across the country bought $4 million of these machines that were in casino gaming machines that promised tremendous profits- apparently 72-2400%! 10 of the members of Long's New Birth Missionary Baptist Chirch have sued him for the loss of their $1 million investment Is this a case of reaping what you sowed? a

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