Messelle Taylor is the wife of a billionaire, and she made that billion in the most bizarre of ways. While Taylor’s husband reportedly worked as a financial advisor to mega-churches, his company was actually a post office box in a UPS store in Tennessee. He used investor money to pay for credit cards, car payments, and studio time. As a result, he is now accused of defrauding his investors.
Ephren Taylor's Wife is a Billionaire
‘Two billionaires in one night’ – that is, Ephren Taylor and his wife Meshelle. According to the Securities and Exchange Commission, Ephren Taylor is accused of running a Ponzi scheme that scammed church members out of more than $5 million. The scandal also targeted mega churches across the country, mostly black, and accused the couple of peddling an 11-million-dollar Ponzi scheme.
According to the Kansas City Star, “Ephren Taylor and his wife Meshelle are two billionaires in one.” Both women grew suspicious after learning about Taylor’s past and decided to hire an attorney to protect their financial interests. The employees were later interviewed by Secret Service agents. After being interviewed, Taylor requested their contact details. The couple then started a business, EmbodyMe Massage, in Lenexa, Kan.
While claiming to be the youngest billionaire, Meshelle is not the first woman to become a billionaire. The couple’s business ventures began at an early age, when Ephren Taylor Jr. founded a dot-com company worth several million dollars. He then went back to work, becoming the youngest African-American CEO of a public company. Since his arrest in July 2007, his story has made headlines and has become the subject of several TV shows and podcasts.
Although plaintiffs’ attorneys have very little hope of recovering any money from Taylor, they have widened their lawsuits in order to get deeper pockets. The wife of Ephren Taylor allegedly conned a real estate agent out of $122,000, but she’s not the only one who’s been scammed by Taylor and his company. Long, meanwhile, has urged Ephren Taylor to do what is right and return investors’ money.
Ephren Taylor Was a Financial Adviser to Mega-Churches
ABC News’ “Nightline” featured an investigation into Ephren Taylor, a self-described “social capitalist” who defrauded more than $16 million from 400 people. Taylor, who is serving a nearly 20-year prison sentence, had given wealthy believers seminars on how to invest their money in “socially conscious” investments. In return, he claimed that 20 percent of profits would be donated to charity. The investigation also involved a series of interviews with Ephren Taylor on television, including Montel Williams and an episode of CNBC’s “Secrets of a Teen Millionaire.”
The Securities and Exchange Commission is investigating Taylor’s alleged schemes. Some victims are suing Long and New Birth, but the church leaders have not admitted to any wrongdoing. The allegations against Taylor have been made by many victims, but the church leaders have been unwilling to help them. In fact, several congregants are suing Long and New Birth, as well as Taylor himself.
A former CEO of City Capital Corporation, Ephren Taylor is accused of operating a Ponzi scheme by defrauding hundreds of Black church members out of $11 million. He is also accused of multiple counts of money laundering and mail fraud. The suit has yet to be filed, but the public can expect more details soon. It’s unclear whether Taylor’s arrest will be the first step in the ongoing investigation.
Using a fraudulent company and fraudulent marketing tactics, Taylor contacted African-American congregations and claimed to be able to earn more money for the church and community. Ultimately, he resigned as the CEO of City Capital, an investment firm in North Carolina. During the seminars, he and his associate Wendy Jean Connor allegedly misled hundreds of investors into making investments with their money. They also told investors that the money they invested would go to charity.
He Used Investors' Money to Pay for Credit Cards, Car Payments and Studio Time
Meshelle Taylor is accused of using her investors’ money to pay for her car, studio time and credit cards. The singer allegedly used investors’ money to make credit card and car payments and to pay for studio time for her music. A YouTube video made by one of her victims, Lisa Long, shows the shocking extent of her mismanagement. In the video, she says that she was promised a 20 percent return on her investment.
Investors’ money went uninvested for months before the SEC filed a lawsuit alleging that Taylor secretly diverted hundreds of thousands of dollars for personal expenses. The SEC filed suit after learning about the misconduct and demanded restitution. The agency also wants to ban Taylor from serving as an officer of a public company. She denies this allegation.
While law enforcement agencies are investigating Taylor, there have been no criminal charges filed against her. The lawsuits against her include a class action suit and two other suits that won judgments against her. Taylor has yet to file a response to the SEC lawsuit, and her attorney is requesting more time before submitting a response. As of press time, it’s unclear where Taylor lives.
A charismatic speaker, Taylor was able to attract attention nationwide by preaching about the benefits of being wealthy. She used her “Building Wealth Tour” to promote her “new wealth formula” by promoting self-improvement programs and private meetings with investors. She gained followers at mega-churches, including New Birth Church and Lakewood Church. However, this did not prevent Taylor from using investors’ money for credit cards, car payments and studio time.
His Scheme Defrauded Investors of More Than $11 Million
The Securities and Exchange Commission (SEC) has alleged Meselle Taylor’s scheme defraudeded more than $11 million from African-American churchgoers. In a judgment issued earlier this year, the SEC ordered Taylor to pay over $14 million in damages. Taylor rose to national prominence after telling his story of poverty and success. Growing up in Blackwater, Miss., Taylor developed a video game that turned him into a teenage millionaire. He claimed he’d make 20 percent on every investment and promised a return of at least $20 million – even on a bad day.
In January, the U.S. Postal Inspection Service revealed that Meselle Taylor and her husband, Ephren Taylor II, defrauded more than 400 people through their scheme. Several victims lost their entire life savings to the fraudulent scheme. The swindling couple had falsely represented themselves as “social capitalists” and aspired to improve communities by investing in Apple stock.
The SEC has also charged a Utah father and son with operating a multimillion dollar Ponzi scheme. The son of a deceased Utah businessman, Taylor’s company sold purported investments to investors and promised them rich returns. In a separate case, the U.S. Attorney’s Office brought a parallel criminal case against his company. A third case involving Meselle Taylor and her husband involves a real estate investment fund.
The SEC also filed charges against three other men who were involved in the same Ponzi scheme. These men and women are accused of defrauding more than $11 million by operating fraudulent real estate funds. Their victims lost more than $11 million in their investments. Despite the fact that the U.S. Attorney’s Office is investigating this case, Taylor’s scheme carries a record of success.
Are Ephren and Meselle Taylor Billionaires?
The alleged misdeeds of Ephren and Meselle Taylor have made both a billionaire and a multi-millionaire. They are accused of defrauding investors of more than $11 million. This article aims to give investors the information they need to determine if Meselle and Ephren Taylor are actually billionaires. The article also explains the background of Meselle Taylor, who started COC Ventures LLC and now works at a luxury spa.
Ephren Taylor is a Billionaire
The question is, “Who is Ephren Taylor and what makes him so rich?” In a recent interview, the former CEO of City Capital Corporation, the youngest African-American CEO to lead a publicly traded company, admitted to running a Ponzi scheme that ripped off more than 400 people. While the accused man claimed to have been a self-made millionaire, he was actually the mastermind behind a huge Ponzi scheme that drew in millions of dollars.
The SEC is investigating the alleged $11 million Ponzi scheme run by Ephren Taylor, who was a financial adviser to black megachurch congregants. The alleged scheme, which entailed defrauding hundreds of thousands of investors, was uncovered after the Securities and Exchange Commission shut down his operation. In addition, the SEC also alleges that the fugitive had been living under false identities in Kansas when he was arrested last year.
After claiming to be a socially responsible investor, Taylor began appearing in public speaking events. In 2006, he addressed the Congressional Black Caucus and Jesse Jackson’s Wall Street Conference. Later that year, he embarked on his 25-city Urban Wealth Tour, where he met with investors, politicians, and community members. His goal? To spread the word about the importance of economic empowerment to the black community.
However, the truth about how Taylor became a billionaire is far more complex than that. During his time at City Capital, Taylor allegedly defrauded more than 400 people of over $16 million. During the same period, his wife, Meshelle, was involved in a Ponzi scheme as well, claiming to have made millions as a teenager. And while he was a “socially conscious” investor, he was also defrauding his black churchgoers.
His arrest follows an ABC News investigation that revealed Taylor crisscrossed the country touting his wealth management seminars. He then went on to meet investors privately. However, the DOJ claims that he pushed churchgoers to invest their money in unprofitable businesses while fabricating revenue numbers. He also allegedly told people to invest in “100 percent risk-free” sweepstakes machines, which are nothing more than computers.
Although the SEC has yet to release the full details of the case, a few facts are known. The billionaire couple swindled at least $122,000 from a suburban Atlanta real estate agent. But she claims she had no other way to invest her money if Long and New Birth hadn’t endorsed her. While Taylor has publicly denied wrongdoing, the scandal has prompted Long to call on Ephren Taylor to “do what’s right” in order to win her client’s trust and money.
The couple reportedly got into business together when their former pastors introduced them to each other. Taylor made a million dollars in his early twenties and was a pastor in Atlanta. However, he is now a billionaire after successfully securing his first million in his early 20s. He is also the father of a teen-age daughter named Emmeline Taylor. They were childhood friends and have a lot of money to spare.
Ephern Taylor Allegedly Bilked Investors of More Than $11 Million
According to the SEC, convicted Ponzi schemer Ephern Taylor bilked more than $11 million from investors. Taylor defrauded investors by diverting funds to his books, his wife’s singing career, and other personal expenses. The complaint also claims that Taylor acted in a manner inconsistent with his religious beliefs. He reportedly turned himself in to federal authorities in Kansas City, Missouri, and is now facing charges related to conspiracy, mail and wire fraud, and money laundering.
According to the SEC complaint, Taylor bilked investors of more than $11,000,000 in 2009. Although some of the funds were actually used as promised, the majority of the money was spent on personal expenses, such as paying off credit cards and buying studio time for his wife’s music career. The lawsuit alleged that Taylor used the funds to finance his wife’s career as a pop singer.
The complaint alleges that Taylor bilked investors of more than $11million by claiming to be a socially responsible investor. He even spoke to Democratic National Convention attendees in 2008. His “clergyboy made rich” narrative endeared him to many people, and his alleged investments were no different. However, Taylor subsequently admitted to having committed fraud, and the SEC is seeking to recoup the losses.
A new lawsuit alleges that Ephren Taylor bilked investors of more than $11million through a Ponzi scheme. While Taylor was billed as the youngest-ever black CEO of a publicly traded company, he allegedly used the funds to fund a lavish lifestyle. The SEC also alleges that Taylor defrauded more than 11,000 investors in his own business.
During the lawsuit, the plaintiffs claim that Taylor sold promissory notes with interest rates of 12% to 20%. They told investors that their money would be used for identifying and funding small businesses in the region. Similarly, the lawsuit claims that Taylor also sold “sweepstakes machines,” which were simply computers loaded with games. Taylor allegedly claimed that his customers would earn 300% returns in the first year of investing in his company.
Wendy Connor, the chief operating officer of City Capital, has been charged with conspiracy to defraud investors. The SEC has alleged that she helped Taylor’s fraudulent scheme by concealing the fact that she had not been the person who steered the company’s operations. However, neither Wendy Connor nor her attorney has responded to our requests for comment. As for Taylor, she is not represented by a lawyer, and a spokeswoman for Taylor did not respond to our inquiries.
The SEC is investigating the allegations of Taylor, who allegedly bilked investors of more than eleven million dollars by running a Ponzi scheme. He is also accused of defrauding investors through his church. Despite his religious beliefs, Taylor called himself a’social capitalist’ and told church members that their money would be used to buy businesses in underdeveloped communities. The Securities and Exchange Commission claims that more than 350 investors were scammed by Taylor.
