Eddie Long Asking Investor To Do The Right Thing And Ignore Capital Markets
Is Bishop Eddie Long trying to create a distraction or is he seriously asking an investor to return $1 million
in investments to his congregations members? Since news and media attention concerning his alleged sexual
misconduct with four minors, has died down, it would seem odd that Long would put himself back in the spotlight, unless he’s really being sincere here.
Based on a YouTube video put out by Long, Ephren Taylor from City Capital Corporation held a financial seminar last year at New Baptist Missionary Church. Some members went on to invest about $1 million in retirement accounts through the corporation. Long said those investments went “sour” and goes on to request that Taylor and his company return the money because
Long said those investments went “sour” and is asking Taylor and City Capital to return the money because some investors from the megachurch are experiencing hardships.
Taylor, who left his position as CEO before this situation unfolded, is not too pleased by Long’s very public display and although he hasn’t been talking to reporters, he has released a statement in which he addresses the concerns:
“Since last year, the legal team has been working with individuals to legally and privately resolve, refund and restructure any potential issues,” he said.
No information has been released as to what happened with the investments. Did they go south due to the roller coaster economy? Or was there foul play involved?