NIGHTLINE PRIME-HOW TO CATCH THIEF

Taylor Victims-Link below to excellent news story on Ephren and Meshelle Taylor.  Thank you to Nightline Prime for reminding everyone of the victims these two left behind and for exposing their misdeeds.  God bless you all!  Regards, Cathy

Here is link to Nightline Prime show:

http://abcnews.go.com/Nightline/video/nightline-prime-mega-church-financial-advisor-accused-5m-24636493

A SPECIAL SHOUT OUT TO STEVE OSUNSAMI-

YOU ARE NOT ONLY FEARLESS-YOU ARE INTENSE-THANK YOU FOR EXPOSING EPHREN AND MESHELLE TAYLOR FOR WHAT THEY REALLY ARE!  THE TAYLORS’ VICTIMS ARE FOREVER GRATEFUL!

 

 

 

 

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LERMAN LAW FIRM INVESTIGATING HEALTH AND SAFETY AND WAGE AND HOUR CLAIMS AGAINST ENTERPRISE HOLDINGS, ENTERPRISE COMMERCIAL TRUCK LEASING AND ENTERPRISE CAR RENTAL

Today, Cathy Lerman, Esq., principal of the Lerman Law Firm, announced that the Firm has initiated an investigation of activities by Enterprise Holdings, LLC, its state affiliates and subsidiary companies for claims arising from FLSA violations of wage and hour laws and regulations as well as health and safety violations, including OSHA violations, occurring at Enterprise offices and facilities nationwide.  All affected employees as well as witnesses with information on these investigations should contact Cathy Lerman at clerman@lermanfirm.com for more information.

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A MESSAGE TO EPHREN TAYLOR AND HIS CRIMINAL DEFENSE LAWYER

VICTIMS AND FRIENDS, REMEMBER THIS POST FROM MAY 12, 2012,  THAT I DIRECTED TO EPHREN TAYLOR AND CHRIS BRUNO, HIS CRIMINAL DEFENSE LAWYER?

Thanks for giving me a chuckle during the Nightline story about Ephren’s escapades last night.  So Ephren hasn’t come forward because he is afraid for his safety?  What in the world is he afraid of?  According to both of you he did nothing wrong.  If I were being wrongfully accused of crimes by regulatory agencies and hundreds of people across the U.S.  I would be jumping in front of a camera to tell my side of the story.   For someone who loves the spotlight like Ephren and Meshelle Taylor- they certainly have been flying under the radar for quite a while.  Why Ephren could record a You Tube video and put it on the web  telling his side of the story without ever leaving his safe house.  Why haven’t  you done so? continue reading »

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CLASS ACTION SUITS ARISING FROM EPHREN TAYLOR PONZI SCHEMES

Equity Trust Ohio final filed complaint.

The link above is to a  case that has been filed in Ohio against Equity Trust Company, Equity Administrative Services, and their owners, Richard Desich, Sr., Jeffrey Desich, arising out of Taylor’s Ponzi schemes and their facilitation of same through Equity Trust Self-Directed IRAs. Our legal team is blessed to have Spangenberg, Shibley and Liber, LLP and the law firm of Snyder Dorenfeld as part of the legal team.  Attorneys Stuart Scott, Nick DiCello and Dan Frech are appearing on behalf of  the Spangenberg firm based in Cleveland, Ohio  and David Dorenfeld and Mike Brown are appearing on behalf of the Snyder Dorenfeld Firm from Los Angeles, California.  As you know, Taylor in 2008 started using Equity Trust exclusively for investments through Self-directed IRAs until Equity Trust quit taking new clients from him.  That case is still at the pleading stage.  I am posting the complaint today so that all of you can read it.  It is quite interesting.

 

The second class action suit is pending in California.  The Snyder Dorenfeld firm, attorneys David Dorenfeld and Mike Brown, in Los Angeles are working with my firm on the case on appeal in California.  That case is against the Entrust Group and their facilitation of  Taylor’s Ponzi Schemes through their Self-Directed IRAs. The case has been fully briefed and we are waiting to see if the Ninth Circuit Court of Appeals will be granting Oral Argument.

 

I want to express the appreciation of our legal team for everyone who has come forward with information to assist us with these cases.  Cathy Lerman remains available to speak with potential witnesses and others wanting to assist the victims of these Ponzi schemes. Please email Ms. Lerman at clerman@lermanfirm.com to arrange a call.  Thank you.

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EPHREN TAYLOR VICTIMS-SOME PEOPLE TO THANK FOR TAYLOR’S INDICTMENT

I know all of you are as elated as I am about Taylor’s indictment, I want you as you give prayers of thanks to God today for this victory to also give thanks and send blessings to all of those people who have stood by all of us and helped expose Taylor for the criminal that he is. 

There are many:

First of all, please pray for strength and guidance for Assistant United States Attorney Christopher J. Huber  and his team who will be prosecuting Taylor’s case.

Secondly-please pray a prayer of gratitude and thanks for the devotion and hard work of Secret Service Agent Steve Whitaker who has the patience of a saint for putting up with me and who has stood by all of the victims from the beginning.

Third-please pray a special prayer of thanks and blessings for Evan Nierman of Red Banyan Group who has stood by me for the last three years and has done everything in his power to draw attention to the plight of Taylor’s victims.  Without Evan’s help, your story may never have been heard.  Pray that God will bless him and his public relations firm richly for all of his hard work on your behalf.

Fourth-also pray a special prayer of thanks for the Snyder Dorenfeld law firm in Los Angeles, California who for the past two years have been part off our legal team and have devoted thousands of hours seeking justice on behalf  of all of you as well as our other Ponzi scheme clients.  Attorneys David Dorenfeld and Mike Brown have provided invaluable guidance as we pursue all of the class action suits and deserve God’s richest blessings for their efforts.  They jumped into these cases and have never looked back.  May God bless them both!

Fifth-The people at ABC Nightline who,when no one else would listen, took the Ephren Taylor story and made it national news, persisted in exposing Taylor and his crimes and have told your story to the world.  I especially want to thank Steve Osunsami who bravely confronted Taylor directly about his Ponzi schemes and how he victimized all of you. Please pray a special prayer of thanks and blessings for Steve and the entire Nightline Team.  

And now, our journey begins to see what will happen with Taylor and his criminal trial, if there is one. As you all know, Ephren is a “deal maker” and I am sure he will try to negotiate his way out of this. 

As I said on Nightline, I am concerned that he is a  flight risk and I wish he was in custody but perhaps that will happen soon. In any event, today we have a lot to be thankful for. I am going to address the future and other litigation in another Blog. 

May God bless all of you!

And remember our mantra: DO NOT BE OVERCOME BY EVIL BUT OVERCOME EVIL WITH GOOD.  ROMANS 12:21.  AMEN.

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NIGHTLINE STORY ON EPHREN TAYLOR INDICTMENT

 Use this link above to access Nightline’s story on Ephren Taylor’s indictment.
Nightline Ephren Taylor
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OUR PRAYERS HAVE BEEN ANSWERED- EPHREN TAYLOR HAS BEEN INDICTED!!!!!!!!!!!!!

From: USAGAN-Press E-mails [mailto:USAGAN.PressEmails@usdoj.gov]
Sent: Tuesday, June 17, 2014 01:05 PM
Subject: Ephren Taylor, II, Leader of “Building Wealth Tour,” Arrested on Fraud Charges
 

cid:image005.jpg@01CF8012.3269E0C0cid:image006.jpg@01CF8012.3269E0C0

United States Attorney Sally Quillian Yates

Northern District of Georgia

______________________________________________________________________________

FOR IMMEDIATE RELEASE

TUESDAY, JUNE 17, 2014    

http://www.justice.gov/usao/gan/

CONTACT:

Bob Page, PAO

404-581-6016

Ephren Taylor, II, LEADER of “Building Wealth Tour,” Arrested ON Fraud CHARGES

ATLANTA – Ephren Taylor, II, has been arrested on a federal indictment charging him and another defendant with defrauding investors across the country of more than $5 million.

 

“Mr. Taylor came into our community, promising hard-working citizens a way to make their retirement money go farther,” said United States Attorney Sally Quillian Yates.  “The investments he pitched proved to be worthless, along with his promises.”    

 

“This case demonstrates the wide-reaching effects of fraudulent investment schemes, its impact on innocent victims, our northern Georgia communities, and the importance of cooperation among our law enforcement partners to suppress this type of criminal activity,” said Reginald Moore, Special Agent in Charge of the United States Secret Service Atlanta Field Office.

 

“Illegal activity involving the investment industry has brought financial ruin to many Americans,” stated Special Agent in Charge Veronica Hyman-Pillot, IRS Criminal Investigation. “The indictment of Mr. Taylor illustrates our commitment to pursuing those individuals who victimize investors, violate the public trust and enrich themselves financially at the expense of the investor.”

 

According to United States Attorney Yates, the charges, and other information presented in court:  From at least April 2009 through October 2010, Ephren Taylor, II, then CEO of City Capital Corporation, and his co-defendant Wendy Connor, the former COO of City Capital Corporation, participated in a conspiracy to defraud investors.  The scheme allegedly defrauded hundreds of investors of more than $5 million nationwide.

 

As part of the scheme, Taylor traveled around the country on a “Building Wealth Tour,” where he gave wealth management seminars to church congregations.  During this tour, Taylor claimed to be a socially conscious investor and falsely claimed that 20% of profits were donated to charity.  One of the churches on the “Building Wealth Tour” was the New Birth Missionary Baptist Church in Lithonia, Ga.  While there, Taylor and Connor met potential investors to discuss possible investments.  Over 80 individuals from Georgia lost more than $2 million because of Taylor’s scheme.

 

The investments pushed by Taylor included investing in promissory notes, where the funds invested would be used to support small businesses, such as laundries, juice bars, and gas stations.  Taylor is alleged to have falsely represented the revenues and returns for these businesses knowing that they were not profitable.

 

Taylor also pushed an investment in sweepstakes machines.  Sweepstakes machines are computers loaded with various games that allow players to win cash prizes.  Taylor published offering materials that falsely claimed the average sweepstakes machine would generate 300% investor returns.  He also stated that the sweepstakes machine investments were 100% risk free.

 

Taylor allegedly knew that the investments he was touting were not profitable and that investors were not receiving actual returns from their investments.

 

As part of the scheme, Taylor, 31, of Overland Park, Kan., encouraged investors to use self-directed IRAs to make their investments.  Many victims transferred their retirement savings to trust companies that acted as custodians for self-directed IRAs, expecting these funds to be used to fund the investments pushed by Taylor.

 

After victims funded their self-directed IRAs, Taylor and others directed the use of those funds.  The money allegedly was not invested as promised, but rather was used to pay ongoing business expenses of City Capital, pay personal expenses for Taylor, and in some limited instances, to pay supposed returns to earlier investors. 

 

Taylor was indicted by a federal grand jury on June 10, 2014.

 

Members of the public are reminded that the indictment only contains charges.  The defendant is presumed innocent of the charges and it will be the government’s burden to prove the defendant’s guilt beyond a reasonable doubt at trial.

 

            This case is being investigated by the United States Secret Service and Internal Revenue Service Criminal Investigation.

 

            Assistant United States Attorney Christopher J. Huber is prosecuting the case.

 

For further information please contact the U.S. Attorney’s Public Affairs Office at USAGAN.PressEmails@usdoj.gov or (404) 581-6016.  The Internet address for the home page for the U.S. Attorney’s Office for the Northern District of Georgia Atlanta Division is http://www.justice.gov/usao/gan/.

 

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FORTUNE’S 2012 MOST POWERFUL WOMEN ENTREPRENEUR, THERESA FETTE, NAMED A DEFENDANT IN CLASS ACTION SUIT AGAINST PROVIDENT TRUST GROUP

Provident Trust Nevada filed complaint

 

Our Law Firm along with the Law Offices of Clyde DeWitt, Snyder Dorenfeld (Attorneys David Dorenfeld and Mike Brown) have filed a Class Action Suit in Clark County, Nevada against Theresa Fette, CEO of Provident Trust, Jason Helquist, President of Provident Trust Group, LLC (“Provident Trust”), Justin Bachman, President of My Self Direct, LLC (“My Self Direct”) and My Self Direct.  Fette and Helquist, who are tax lawyers, are owners of both Provident Trust and My Self Direct. Fette was named  number fourth of the most 10 most powererful women entrepreneurs in 2012 by Fortune Magazine.

The Complaint seeks damages on behalf of the victims, who invested with cash or a Self-Directed IRA (“SDIRA”) held by Provident Trust and/or  My Self Direct, in the Bay Area Equity Group, LLC (“BAE”) Ponzi scheme as well as other customers of Provident Trust who have paid excessive, hidden fees to Provident Trust for non-compliant or non-existent SDIRA services.  The Complaint also seeks damages for the conversion by Defendants of  the SDIRA assets of Provident Trust’s customers without their knowledge and/or consent. The Complaint contains claims for Rescission, Breach of Contract, Breach of Fiduciary Duty, Fraudulent Concealment, Civil Conspiracy and Conversion.

We want to thank all of the whistleblowers  and witnesses who have come forward with information to assist us in pursuing justice on behalf of these victims. As you know the BAE perpetrators have plead guilty and are awaiting sentencing in Santa Clara County.  A special thank you to Prosecutor Kathy Wells and Investigator Santiago Trejo for their quick and successful prosecution of these Ponzi Schemers.

Cathy Lerman continues to make herself available to speak with witnesses and victims about the BAE Ponzi scheme and the involvement of Defendants Provident Trust, My Self Direct, Fette, Helquist and Bachman.  You may reach Ms. Lerman via email at clerman@lermanfirm.com.  Thank you.

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EQUITY TRUST EMPLOYEE STEALS FROM THEIR CUSTOMERS

http://www.fbi.gov/minneapolis/press-releases/2013/sioux-falls-man-pleads-guilty-to-wire-fraud

As all of you know, I am not a fan of Self-Directed IRAs. I am not a fan because the administrators and custodians that “manage” them actually do very little, charge hefty fees and use their adhesion contracts to negate any liability on their part- even for fraud.  So you can imagine my surprise when I read the above story about an Equity Trust employee in South Dakota who through the knowledge gained working at Equity Trust assumed the identity of Equity Trust customers and took their money!

How in the world could that happen? Because if you read Equity Trust’s website you will see that they are compliant, secure, have the best employees and are heavily regulated.  Yet their own employee took the retirement monies of their customers and they processed the transactions!

If I were an Equity Trust customer, I would be very, very concerned about my account.

The cases that I deal with concern Ponzi schemers who perpetuate investment fraud through Self-Directed IRAs.  But this story takes it to a whole new level.

And those of you who still  have money left or a viable investment at Equity Trust- should take this as a warning.  All the best, Cathy

 

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IF YOU ARE THE VICTIM OF A PONZI SCHEME AND USED A SELF-DIRECTED IRA FOR YOUR INVESTMENT READ THIS

As you know, our law firm, along with a team of various firms across the country, are filing lawsuits against custodians/administrators of Self-Directed IRAs (“SDIRA”). These lawsuits are based upon allegations that the SDIRA Custodians/Administrators  facilitated, protected, extended the life of and, in some cases, actually participated in the Ponzi schemes.  I have personally received emails and phone calls from hundreds of victims across the United States who are seeking legal representation for hundreds of Ponzi schemes of which they are victims.  Most are elderly victims who lost their life savings.

Our legal team has been deluged with requests by victims who want to serve as class representatives for one of our class actions against these SDIRA custodians/administrators.  At this time we are maintaining a database of class representatives.  However, we cannot guarantee a specific time in which we will be able to file cases on behalf of all of these victims which run into the tens of thousands.

So I wanted to make sure all of you who are victims take action to make sure that state and federal authorities are aware of these Ponzi schemes and the custodians who were involved.  All of you who are victims of a Ponzi scheme or fraudulent investment scheme involving a SDIRA should do the following:

1. Go the SEC website, www.sec.gov.,  go to sec.gov/complaint.  You will see a link for an online complaint form or an address and fax number to send in your complaint.  There is a team of SEC investigators who are assigned to intake these complaints and review them.  The more victims that file complaints the more likely it is that your complaint will be investigated.  I encourage everyone to do this immediately.

2. Google your state securities regulators.  Go to their website. Most have an online complaint form. If not, call them and find out how to file a complaint. But file complaint!

3.  File a complaint with your state Attorney General.  All state AGs have complaint forms that can be sent online, via fax or via mail.

4.  Write your state and federal legislators and tell them your story.  We must adopt stricter laws governing these Custodians/Administrators and they need strict scrutiny by a regulatory body that can impose both civil and criminal sanctions on them, their officers and directors for their participation in Ponzi schemes and fraudulent investment schemes.

BUT YOU MUST FILE A COMPLAINT IN ORDER TO GET THE ASSISTANCE OF ONE OR MORE OF THESE AGENCIES.  FILE A COMPLAINT WITH ALL OF THEM.

GOOD LUCK AND JUST KNOW THAT OUR TEAMS ARE WORKING DILIGENTLY TO BRING THESE SDIRA CUSTODIANS/ADMINISTRATORS TO JUSTICE BUT THEY HAVE BEEN ABLE TO GET AWAY WITH THIS FOR DECADES. 

UNFORTUNATELY THE COURTS HAVE BEEN FOOLED INTO BELIEVING THAT THEY REALLY ACT AS “PASSIVE CUSTODIANS” AND HAVE PERMITTED THEM TO  ESCAPE LIABILITY FOR THEIR OWN FRAUD AND WRONGDOING THROUGH THEIR SDIRA CONTRACTS .

SDIRA CUSTODIANS/ADMINISTRATORS ARE THE ONLY COMMERCIAL INDUSTRY IN THE UNITED STATES THAT HAVE BEEN PERMITTED TO CONTRACT AWAY THEIR OWN LIABILITY FOR FRAUD, INVESTMENT FRAUD, AIDING AND ABETTING PONZI SCHEMES, CHARGING ILLEGAL AND EXCESSIVE FEES, FAILURE TO PERFORM THE SERVICES SPECIFIED IN THEIR CONTRACTS, VIOLATION OF THE IRS CODE, PERJURY IN THE FILING OF IRS DISCLOSURES, ETC. 

IF YOU WANT THIS TO STOP YOU MUST SPEAK UP!

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