Lerman Law Firm Congratulates the Justice Department for 20 Year Prison Sentence for Ephren Taylor for His Nationwide Fraud Scheme

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Ephren Taylor Jr. was sentenced this week to 19 years and seven months in federal prison after defrauding investors out of nearly $16 million.

Many other law firms turned away Taylor’s victims but our firm undertook their representation and is privileged to share in the joy and gratitude of Taylor’s victims in finally seeing justice served in the form of Taylor’s lengthy prison sentence.

The Lerman Law Firm (Cathy Jackson Lerman, PA) today praised the Department of Justice for its success in obtaining a 20-year prison sentence for Ephren Taylor in connection with the fraud scheme he perpetrated. Taylor, who pleaded guilty last year, ran a scheme which victimized more than 400 people who invested over $16 million. The Lerman Law Firm represents more than 200 of Taylor’s victims across the United States, who were awarded $15.6 million in restitution.*

Cathy Lerman, Esq. of the Lerman Law Firm stated today: “For almost four years our law firm has worked with Taylor’s victims, whistleblowers, and state and federal law enforcement to bring Ephren Taylor to justice. We have worked diligently to obtain justice for the victims of Taylor’s religious affinity frauds and schemes. Many other law firms turned away Taylor’s victims but our firm undertook their representation and is privileged to share in the joy and gratitude of Taylor’s victims in finally seeing justice served in the form of Taylor’s lengthy prison sentence.”

Cathy Lerman also stated: “There were times when we were unsure that Taylor would ever answer for his crimes. I want to thank the Taylor victims for their fortitude and courage in pursuing justice, and for not permitting Taylor’s crimes against them to define them or to defeat them. The fine men and women of the Department of Justice, the FBI, the SEC, the IRS and the Secret Service deserve the deepest gratitude of Taylor's victims for their tireless efforts on their behalf. I also want to thank all of the witnesses and whistleblowers who came forward with critical information and evidence, which substantially aided in the conviction of Taylor.”

Lerman added: “The Ephren Taylor case is just one example of tens of thousands of Ponzi schemes and fraudulent scams that are perpetrated in the U.S. daily. Many times, the perpetrators prey upon unsuspecting consumers and investors, particularly the elderly. This tactic of using of faith as a weapon to defraud unsuspecting believers, known as religious affinity fraud, is much too common in the United States. The Ephren Taylor story and religious affinity fraud should be openly discussed by religious leaders in every pulpit, synagogue, chapel, and mosque in this country as a warning to people of all faiths. Many religious institutions and leaders are in denial about the magnitude of this problem.”

Cathy Lerman remains available to assist victims of similar schemes and affinity frauds, and to counsel religious leaders on methods for curtailing religious affinity fraud. The Lerman Law Firm is headquartered in Fort Lauderdale, Florida but handles a variety of legal matters across the United States.

*The United States Attorneys Office - Northern District of Georgia, justice.gov/usao/gan/press/2015/03-17-15.html

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Evan Nierman
Lerman Law Firm
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