Bishop Eddie Long, a pastor with New Birth Missionary Baptist Church in
Atlanta, was allegedly involved in an investment fraud scheme that targeted
members of his church congregation. Long allegedly ran the scheme along
with Ephren Taylor, Jr., of North Carolina.
According to the allegations, Long and Taylor enticed investors through
seminars on building wealth, and also through some related sermons. The
seminars were held at the church. Many members of the congregation say
Taylor urged them to put money from their retirement accounts into the
investments, and many members report losing a portion of their life savings.
Although both men in the case are under investigation, the church itself
is not under investigation at this time.
Taylor is also a defendant in a North Carolina lawsuit, which alleges
that he also made potentially fraudulent investment presentations at several
other churches across the nation.
FINRA lawyers with Meyer Wilson represent victims of investment fraud, stock scams, and
Ponzi schemes in
stockbroker mediation, arbitration, and litigation. We have recovered millions of dollars in
investment losses for our clients, and look forward to speaking with you
about your circumstances.