February 19, 2013

Eddie Long's Ponzi Scheme

Christian Boone, Atlanta Journal-Constitution

Bishop Eddie Long has been sued by former New Birth Missionary Baptist members who say the megachurch pastor encouraged them to invest money with a company despite being told the investor was running a $3 million capital deficit.

The suit, filed late last month in DeKalb County state court, alleges Long’s assistant had been warned by an unidentified caller that Ephren W. Taylor was not to be trusted nearly two weeks before the self-professed “social capitalist” held a series of financial seminars in October 2009 at the Lithonia church.

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