Sir, Please Get Your Life: Bishop Eddie Long Sued By Former Congregants Over Alleged Ponzi Scheme

13 comments
February 20, 2013 ‐ By Jazmine Denise Rogers
Source: Twitter

Source: Twitter

Georgia pastor, Bishop Eddie Long appears to have taken up permanent residency in a pot of scalding hot water. The latest controversy to scandalize the Bishop’s name comes in the form of a lawsuit filed against him by former parishioners of New Birth Missionary Baptist Church in Lithonia, Georgia, reports the Atlanta Journal Constitution.

According to the lawsuit, a dozen of the church’s former members are claiming that Long introduced them to a shady businessman by the name of Ephren W. Taylor, implying that he was a “friend.” The members lost over $1 million by investing their money with the self-proclaimed “social capitalist”. Long’s former parishioners claim that both he and his assistant were warned that Taylor was running a $3 million deficit, yet he stood back and allowed them to invest with Taylor anyway.

“If Bishop Eddie Long hadn’t endorsed this they wouldn’t have invested,” Jason Doss, legal representative of the former New Birth members told the Atlanta Journal-Constitution.

Ironically, although Long recommended that his congregation invest with Taylor, he decided that he would not invest. A representative from New Birth released a statement claiming that they have been urging Taylor to repay the money that the former parishioners invested with him.

“We remain hopeful that Ephren Taylor and companies related to him restore the funds that were taken from congregants at New Birth and churches around the county. We continue to cooperate as the case proceeds,” the statement read.

In 2012, the Securities and Exchange Commission charged Ephren W. Taylor with running a Ponzi scheme, in addition to a civil case that is also pending against him. According to the SEC, Taylor solicited investments by promising to use the money to assist charities and poverty-stricken areas. Instead, he used the money that he recieved from churches such as New Birth to pay off personal expenses and other investors.

“He preyed upon investors’ faith and their desire to help others, convincing them that they could earn healthy returns while also helping their communities,” said director of the SEC’s Forth Worth, Texas division, David Woodcock.

It’s unfortunate that Bishop Long would knowingly place his members into the hands of Taylor like sheep to be slaughtered, despite the fact that he received warning that the investor was deceitful. It’s difficult to imagine that he even still has a congregation after this.

Check out footage of the report on the next page. What do you make of this?

More from Styleblazer

More from Mommynoire

MadameNoire Video

Comment Disclaimer: Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN
  • Smart Christian

    I can’t understand why Bishop Long is still in the pulpit. I don’t feel sorry for them, you have a brain then use it. chicago has preachers just like that. People do this things get in the pastor’s good graces or as we call the click then when it fails they feel stupid

  • Cha Cha

    How does someone else “stand back and allow YOU to invest YOUR money”… if you’re warned that the business is shady and you invest anyways…. um, that’s your fault. I don’t give a dog gone who was “endorsing” it, I’m going to do my own research and decide if it’s something I want to do. People are such idiots, especially when it comes to religion… They act like these priests, pastors, bishps, etc… are sitting on the right hand of God and can decide if they make it heaven or hell…

  • Rosealine

    These are the last days! I learnt that Pastors are humans too and they are prone to make mistakes so we the flock should never put our trust in them but in GOD! that’s the problem these days, everything Pastor this Pastor that! Trust in God and your instincts if if does not sound or look right then it probably is! I learnt this lesson a long time ago.

  • Mztisa

    Ummm…I’m going to assume that any people still left at New Birth live under a rock and never crawl out from under it! Eddie Long is a hot HOT mess! But the people that blindly chose to follow his investment advice don’t have anyone to blame but themselves. Any investor knows that you have to research what your putting you money into. Why would give up your hard earned money because pastor says “hey this is my homie, invest in his business! Don’t worry about the 3 mill deficit!” GTFOH Personal responsibility people! SHEESH!

  • Kahekili

    If one can believe in a thing like an invisible deity in the sky, then surely they can be defrauded like this.

    • Rosealine

      No Kahekili there is a God, and he has a Son His name is Jesus and the Holy Spirit is God’s 3rd person. God the Father, Son and Holy Spirit. The problems people have today is not communicating with GOD in a personal basis. To know God you have to go to Him on a one-on-one basis and then you will personally experience how real He is and how powerful He is but to achieve this is simple and at the same time hard. Simple, is just open your heart to Him pour out your heart when talking to Him, don’t hold anything back, then hard is you have to strife to continue fellowship with Him and a relationship with Him despite so many discouragements and distractions from the devil or evil forces around.

      • Kahekili

        I am not sure why you think I would care about any of this.

  • Lady

    This man is obviously not the only one to blame here. Who in their right minds goes to their pastor for investment opportunities? Especially this man who has been known not to tell the truth. They should have done their research before investing. They have to be held accountable for their stupidity themselves, especially since the ‘bishop’ didn’t invest his money.

    • Kahekili

      “Who in their right minds goes to their pastor for investment opportunities?” – Those who are guilliuble and would believe anything a ‘man of the cloth’ would tell them, because someone who is for ‘Jesus’ can do no wrong.

  • trooper1953

    I don’t need a group of people (Congregation) and a Leader (paster, priest, etc) and the deacons (Pastor’s and Preist’s ” sgt of arms “) to believe and worship God, jesus or Allah, or any other religion I choose….These Christians, muslims, and others are the biggest ripoff since humankind’s exisitence…..Praying on our fear of death and the maybe of afterlife…..Look at all the sex, money, and lies that they all (RELIGIONS) have brought and laid with….So why are people surprised? The catholics and gay Love and the Basptist and ALL love, The muslims and their women as chatel….No one is real…If you believe it is better to pray together without LEADERS IN CHARGE OF YOUR SOUL….YOU ARE

  • realadulttalk

    So, these people who didn’t leave amongst allegations of molestation are mad now? Thought this guy was really a messenger of God? Really? No sympathy…when you act as sheep, you will eventually be led to slaughter.

  • http://profile.yahoo.com/RCBY7QS2BT2EOCGNYIRTCBIDYU Get Over yourself

    This Dude!!! When are these people going to learn about this man?!? Now I can understand why people would drink the Kool-aid by following someone like this man.

  • GeekMommaRants

    Leadership, there is none, just PIMPS stealing.

No thanks