‘Youngest African-American CEO’ Pleads Guilty to $7M Fraud

Leslie Collins, Kansas City Business Journal, October 9, 2014

Ephren Taylor II once touted himself as “the youngest African-American CEO of any publicly traded company ever.”

Now, the 32-year-old Overland Park resident and former CEO has pleaded guilty to a $7 million conspiracy to commit mail and wire fraud that involved hundreds of investors nationwide. The U.S. attorney office in Atlanta is prosecuting the case.

{snip}

According to a release from the U.S. Department of Justice, Taylor hosted a nationwide “Building Wealth Tour” in which he visited numerous church congregations to present wealth management seminars. During the seminars, he touted his investment knowledge and encouraged congregation members to invest in promissory notes to support small businesses and in sweepstakes machines.

The release said Taylor made false claims about the revenues and returns, including telling churchgoers that 20 percent of the profits would be donated to charity and that the sweepstakes machines would generate a 300 percent return on investment while being 100 percent risk-free. None of the investments were profitable.

Taylor, along with former City Capital COO Wendy Connor, operated the scheme from approximately April 2009 to October 2010. Connor has pleaded guilty to interstate transportation of money taken by fraud.

{snip}

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  • Where there are magic negroes and black churches combined into one story, then a big huge pile of Federal indictments are somewhere nearby.

    • APaige

      He stole from the thieves, even they have no honor.

      • He stole from greedy idiots who thought they were going to get something for nothing. Not quite thieves, but not far from being exactly that. Let’s see, the money the morons were pouring into the scheme was supposed to “support small businesses” and be invested in sweepstakes machines (gambling).

        Most small businesses fail. Additionally, “sweepstakes machines” would sound suspicious even to my neighbor’s cats.

        • MBlanc46

          I think that the key word here is “idiots”. If they were whites (and not from a home for the mentally disabled), I’d have little sympathy. But I do have a bit for people with an 85 IQ and aren’t quite sure what “investment” means, except that white folks do it and that’s why they’re rich.

          • It is absurd for mediocre people to expect any financial decision they make to be anything other than mediocre. Most white folks are not rich. These suckers remind me more of the folks who collected on the aptly-named Pigford settlements, even though they owned no farmland and had never farmed; they thought they were getting something for free, but unlike Pigford, in this case they were wrong.

            Whatever happened to going to one’s bank, sitting down with a mutual fund manager there and talking about realistic risk-vs-return possibilities? They weren’t going to get rich that way, but plenty of them would have been better off than they already were, and heaps better off than they are now.

            If we are going be expected to treat blacks as if they are actually adults, it is eminently fair that we get to expect adult behavior out of them in return. “I gots ta be haben dat, oink, oink, oink, gnome sayin’?” is not the way an adult manages his or her money.

            While you are completely correct about their IQs being, well, whatever those are, this does need to be a two-way street, unless the rules in society are to be drastically changed.

          • MBlanc46

            Treating them as if they were adults is the issue. We’ve been treating them as if they were adults for fifty years and many, if not most, of them have failed to act as adults. They need guardianship. We need to protect ourselves from them and to protect them from themselves. I’d no more allow the average Negro to invest than I would the average seven-year-old.

          • SentryattheGate

            Kinda like the “cargo cults” eh?

    • propagandaoftruth

      “There’s something wrong with the black man’s mind…He don’t understand the world…”

      You know who…

      • me

        Manning, the only Negro who dares speak the truth! You really are a ‘fan’. Me, too. The above is just TNB. Negroes can’t trust each other. NO ONE should trust a Negro.

        • “NO ONE should trust a Negro.”
          –Me

          President Oogabooga is busy importing hordes of mestizos to take the unskilled jobs many of his black constituents rely upon, with nary a peep out of them.

    • Oil Can Harry

      Speaking of black frauds claiming to be wealthy CEOs, look up Farrah Gray the son of anti-white bigot Khalid Muhammed.

  • MekongDelta69

    I think I’ve heard this story before…

    Hmm…

    Let me think…

    Why yes, yes I have…

    • me

      Deja-Negro?

      • Earl P. Holt III

        Deja Coon…

      • MekongDelta69

        Absolutely!

        (That’s a Yogi Berra-ism, I’ll bet he never used!)

  • How could anything possibly generate a 300% return on investment while being risk free? This claim is right out there in the “magic beans” category.

    • Magician

      The ones who gave him the combined amount of $7M quite deserve the loss.

      They were either extremely liberal people who could never ever say no to a black person or believed everything they saw on TV about black males being the wisest men in the world.

      “anything possibly generate a 300% return on investment while being risk free”

      Sounds about as realistic as a bogus engineering company claiming that they designed a car that is also capable of flying, and while running on solar energy only, and only costs $500

      • I’m waiting to hear how many of these suckers took out second home mortgages to pay this con-artist and who will then blame the banks for providing these loans.

      • Earl P. Holt III

        You are spot-on: No race realist would have given him a dime, and in this we are immune to such scammers…

    • Magician

      Bummer….

  • Ograf

    Say it isn’t so, I know he didn do nuffins.

  • Magician

    A couple of pics of him

    • IstvanIN

      He be eatin high on the hog.

      • He be the hog, gnome sayin?

        I wonder what federal sentencing guidelines award for 7 million dollars with of interstate fraud.

      • Magician

        O RLY that’s nice 😉 haha

  • Korean guy

    “sweepstakes machines would generate a 300 percent return on investment while being 100 percent risk-free. None of the investments were profitable.”

    There is no such a business as a “100 percent risk-free business”. If anyone ever tells you about a business idea that is guaranteed to be successful or completely risk-free, call the police because that is not a business proposal. That is a scammer.

    Even the most successful businesses in the world, had no guarantees of success when they first started. The CEO of the company named “Alibaba” which recently had its first public IPO, is now a very successful businessman. Before he started Alibaba, he gathered 23 friends in his house and described his idea. And then asked, “How many of you feel this business idea will be successful?” and one hand was raised. “How many of you feel I should not go with this idea?” and he saw 22 hands raised up.

    He went on anyways, and he was called crazy.

    By the way, his networth is $25 billion dollars now.

    Congratulations, Jack Ma. I hope you contribute to the advancement of the high-tech world.

    • benvad

      Km pleased as punch to see his peeps get suckered. They’ve been doing it to America for such a long time, I’m glad they been screwed over. Ha!

  • IstvanIN

    Remember Reverend Ike?

  • Magician

    I am totally amazed he was able to receive a funding of $7M on a business proposal that guaranteed %300 ROI and to be risk-free

  • Luca

    He was selling magic, money-making, snake oil and the greedy, simpleminded folks just gobbled it right up.

    I can hear the victims lament: “Good lawd, weez done bin bamboolzed again!”

    • B.A_2014

      You don’t believe in African magic?

      If I didn’t know any better I’d say you were a racist.

      • Anyone who believes in “dat ol’ black magic” has clearly been watching too much television.

      • benvad

        Guilty as charged, siiiirrrr!!!!

  • Earl P. Holt III

    I’m gonna take a stab at this:

    The free publicity accorded this criminal by the Corrupt Leftist Media will dwarf all coverage of his misdeeds…

  • Earl P. Holt III

    $5 was just the price of her last “trick”…

  • Earl P. Holt III

    This guy could become Treasury Secretary in the Obama Administration, if he doesn’t do any time…

  • UncleSham

    This guy really knows how to manipulate his fellow Africans. If he was born in the homeland he could have been a chief or a witch doctor. Maybe even a dictator.

  • SentryattheGate

    Studies have shown that when comparing black and white families, of middle class income, the average black family has much more debt.

    • That is a result of the way their “I gots ta be haben dat!” impulse kicks in all the time. Whites are better able to distinguish between things that are necessary from those which are merely nice to have.

  • One of my neighbors growing up was rich. He was a very successful developer of business real estate, but wore blue jeans and drove an old Chevy Blazer.