Business
Ephren Taylor II is Sentenced to Nearly 20 Years in Ponzi Scheme
(Kansas City Star) – An Overland Park man was sentenced Tuesday to nearly 20 years in federal prison for defrauding hundreds of investors out of almost $16 million.
Ephren Taylor II, 32, pleaded guilty last fall to one count of conspiracy to commit mail and wire fraud.
In addition to the sentence of 19 years and seven months, a judge in Atlanta sentenced Taylor to three years of supervised release following prison and ordered him to pay $15.6 million in restitution to scam victims.
The son of a Johnson County preacher, Taylor targeted African-American churchgoers, bilking more than 400 victims. Many lost their entire life savings, according to federal authorities who prosecuted the case.
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