Jim Gitkin, founding partner of Salpeter Gitkin, serving as co-counsel, recently filed a class action suit against Ephren Taylor. The class action lawsuit filed in October 2011 accuses Taylor and other individuals and financial institutions who allegedly helped him perpetrate his Ponzi schemes, of wire fraud, interstate transportation of stolen property, money laundering, racketeering, violations of the RICO Act and a number of other serious violations.
Hundreds of victims have come forward and stated that they have lost their entire life savings after entrusting Taylor with their money following his visits to their churches promising guaranteed financial returns in ventures that would also benefit less fortunate people, local communities and the individuals’ churches.
