Ephren Taylor was a charming con artist that traveled the country targeting naive church-goers with his “Building Wealth” ponzi scam.
Posing as a financial consultant operating out of Overland Park, Kansas, and with the assistance of, Wendy Connor, from Raleigh, North Carolina, they both swindled as much as $15 million from over 400 people from all over the country, but in 2010 ponzi scheme began to fall apart. 80 people from Georgia, including some as local as Lithonia attending New Birth Missionary Baptist Church, was swindled out of $2 million.
The office of acting U.S. Attorney, John Horn, released the following statement, “Taylor’s ‘Building Wealth’ tour accomplished exactly the opposite, victimizing hundreds of investors and leaving many of them financially ruined,” Horn said. “At churches across the country he touted himself as a socially conscious investor, but his investment opportunities were nothing but a Ponzi scheme designed to build his own personal wealth. This sentencing brings a measure of justice to those who remain devastated by his actions.”
Taylor must serve 19 years and seven must in federal prison and also pay a restitution in the amount of $15,590,752.81. Connor also pleaded guilty must serve five years and pay a restitution of $5,818,299.13.