Before the Securities and Exchange Commission accused him of running a Ponzi scheme, Ephren W. Taylor II was some preacher.
This YouTube video offers a lively sample of his “Prosperity Gospel” preaching. He promised investors big returns investing in socially responsible investments. An attorney who represents his many victims, estimates he allegedly swindled more than 500 people out of $30 million to $50 million.
Click here to read my column on MarketWatch.