Thursday, May 17, 2012
Black church swindle
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Angry, African American Christians in at least forty states join the Security and Exchange Commission, seeking self-described “businessman,” Ephram Taylor , in what the SEC is describing as an eleven million dollar “swindle” and Ponzi scheme.
ABC's “Nightline” reports Pastor Eddie Long of the Atlanta, Georgia, megachurch, New Birth Missionary Baptist Church, first introduced Taylor to his congregation four years ago. Quote, "Everything he says is based on the Word of God,” Long told his congregation.
Now, many are suing both Taylor and their local pastors. Most of Taylor's victims are low income and elderly. Taylor stole their life savings.
On an encouraging note, the American Religious Identification Survey of 2008, the number of Black persons without any religious affiliation jumped from 6 to 11 percent between 1990 and 2008, mirroring a national trend amongst all Americans that saw a jump from 8 to 15 percent.