'Financial Guru' Accused Of Running Ponzi Scheme

Ephren Taylor
Ephren Taylor

Does anyone really think they'll actually get away with their Ponzi scheme? Because it may be happening again.

An entrepreneur with a larger-than-life persona floats a "no-risk" investment fund and has been charged with running a Ponzi scheme. Ephren Taylor, a North Carolina businessman, has been accused of of running "a well executed, carefully crafted fraudulent scheme," according to a class action suit filed in the District Court in the Eastern District of the North Carolina Eastern Division.