Ephrentaylor

“Youngest African-American CEO” Hit With Lawsuit Over Alleged Ponzi Schemes

(AllHipHop News) A well known business executive who bills himself as “America’s youngest African American CEO of a public company” is being accused of bilking investors out of tens of millions of dollars.

A 100-page-plus class action lawsuit was filed against Ephren Taylor earlier this week, claiming he and other individuals operated a ponzi scheme preyed upon hard working church goers.

The lawsuit claims Taylor, who also managed a $1 million endowment for Snoop Dogg’s Youth Football league, wasted investors’ money and cost some, their entire life savings.

“Today is the first step in achieving justice for hundreds of victims whose tens of millions were supposed to go toward ‘socially conscious’ investments, but instead enriched Ephren Taylor and his cohorts,” said Cathy J. Lerman, Founder of Cathy Jackson Lerman, PA, which is representing the disgruntled investors, along with several other attorneys.

“This self-described minister who targeted and bilked hard-working, devout minorities for his own financial gain must be brought to justice,” Lerman said.

According to Ephren Taylor’s official bio, his company City Capital Corporation oversees over $100 million in assets.

He began his career at the age of 12 with his own video game company and by 16, was a multimillionaire.

Ephren Taylor is facing charges that include wire fraud, interstate transportation of stolen property, money laundering, racketeering, violations of the RICO Act and a number of other serious violations.

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  • Damn…Fuck em..

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  • R_REAL_TALK

    WELL HE CAN KISS HIS AA?SS GOODBYE HE SHOULD HAVE LEFT THE STATE I DONT WHY THESE GUYS DO SS?HIT LIKE THIS AND STAY IN AMERICA THINKING THEY BRAND NEW LIKE NOTHING HAPPENED AND THEY CAN GET THESE MILLION DOLLAR LAWYERS TO GET THEM OFF ONCE THE GOVERNMENT GET INVOLVED ANT NO GETTING OFF JUST LIKE THAT STUPID AA?SS FROM CHASE BANK HE TOOK MILLIONS AND BOUGHT CARS AND HOUSES  ATLEAST IF YOU GONNA STEAL IT HAVE A WAY OUT IN THE END EVEN IF IT MEANS LEAVING THE COUNTRY DUM AA?SSES????????

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  • O.K. reading this article it must not be true in the image of this guy stole money becuase anybody can be sued for anything and last if this man did something really wrong he would be in jail waiting trial right now.

    • Big Ice Bastardman ✓ᵛᵉʳᶦᶠᶦᵉᵈ

      So you’re saying because he’s not currently in jail he must be innocent?

  • ItGoesDownINtheDM

    side note how do you start your own video game company @ age 12 ??????????????

    • ItGoesDownINtheDM

      did a little research and the kid learned how to program video games …. 😉

  • kharen0017

    my classmate’s sister-in-law makes $84 hourly on the laptop. She has been fired for 7 months but last month her income was $9078 just working on the laptop for a few hours. Go to this site NuttyRichdotkom

  • kharen0017

    my classmate’s sister-in-law makes $84 hourly on the laptop. She has been fired for 7 months but last month her income was $9078 just working on the laptop for a few hours. Go to this site NuttyRich.cöm

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  • Ephren Taylor is facing charges that include wire fraud, interstate transportation of stolen property, money laundering, racketeering, violations of the RICO Act and a number of other serious violations.
    *****Facing charges? Has he been arrested? If not , he is facing allegations alleged in the lawsuit.
    I’mjustsayin

    Behind every fortune is a crime!

  • bs_hater1

    This nigga is foul. His face been on the news in Atlanta all week because he screwed some folks in Eddie Long’s church outta over a million dollars. Now they can’t even find his ass . Mighty strange Eddie didn’t put none of his own money in on it, but he endorsed this nigga for other people to invest wit him

  • bajoja

    It’s true!  It may be unbelieveable but it happen!  How do I know?  Because I am one of his VICTIM!  He’s a liar and a manipulator.  He con me and other people out of money with his sweep income vending machine investment ponzi scheme.  People invested from $5,000 to $1,000,000 with no product and no return of money as promised.  We all had our written contracts and he made everything look real convincing.  He had many TV interviews, 20/20 show, Montel Williams show, CNN and many more.  I’m sure those TV shows would not have allowed him to speak on their show if they knew what he was truly doing.  Do you know after 1 1/2 year gone by, he never, not one time called me about the return of my hard earned money due to no product for my money.  That’s enough right there to let you know he’s a thief running around here claiming to be a millionaire.  Now you know how he got rich.  I am glad to see this day come because I’ve been waiting 1 1/2 years to have a chance at justice for me and the other investors.   He better come up with more than $1,000,000 to pay us our money back, because if he don’t it appears those charges are felony charges which could cause him to be in an undesirable place for a long time.