The Mega-Church Scam

I’m glad the government is looking into the doings of these thieves.

Ephren Taylor stepped into the pulpit with the ease of preacher’s son, taking the microphone at the New Birth Baptist Church in Atlanta, where the powerful pastor Eddie Long was introducing him to the Sunday morning crowd. “Everything he says is based on the word of God,” Long pledged to the members of his megachurch. But Taylor wasn’t a visiting minister. He was a financial adviser, one who claimed to have made his first million before he turned 18. And he promised he could do the same for his fellow Christians.

Nothing Long says is based on Scripture, why should anything one of his thieving cohorts says be either?

But according to the Securities and Exchange Commission, what Taylor was actually peddling was a giant Ponzi scheme, one aimed to “swindle over $11 million, primarily from African-American churchgoers,” that reached into churches nationwide, from Long’s megachurch in Atlanta to Joel Osteen’s Lakewood Church congregation in Houston. But Taylor has disappeared, hiding out from lawsuits, federal charges and angry, mostly African-American, investors in at least 40 states.

Mega church attendees are, like their Pastors, in it for what they can get from it. Or to put it bluntly, you can’t scam the honest, you can only scam the greedy.  Were ‘investors’ not wanting easy money, they wouldn’t be duped.  The scammer and the scammed are equally guilty.

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2 thoughts on “The Mega-Church Scam

  1. Chuck Grantham 8 May 2012 at 2:09 pm

    Doesn’t sound like he had no where to lay his head, or stitched tents to get by, does it?

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  2. Ty 8 May 2012 at 8:10 pm

    Reblogged this on A Robin Hood's Musing.

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