EXCELLENT VICE ARTICLE ON EPHREN TAYLOR-THE BLACK BERNIE MADOFF

VICE HAS DONE A GREAT JOB OF ANALYZING TAYLOR'S RELIGIOUS AFFINITY FRAUD.  I HOPE CHURCH LEADERS WILL TAKE TO HEART THE LESSONS LEARNED FROM TAYLOR-DON'T EVER THINK THAT THE DEVIL IS ONLY OUTSIDE THE CHURCH.  HE MAY BE STANDING IN THE PULPIT PREACHING A SERMON AND HIS NAME MAY BE EPHREN TAYLOR.  HERE IS THE  VICE ARTICLE:

http://www.vice.com/read/the-black-bernie-madoff-000442-v21n9

WILL EPHREN TAYLOR, THE BLACK BERNIE MADOFF, GET OFF WITHOUT CRIMINAL CHARGES?

There is not much difference between going into a bank with a gun and telling the bank employees to give you all the money so you can steal it and going into a church and telling the congregation to give you all of their money so you can steal it.  The only difference is that with one of these crimes you have a physical weapon.  I am not so sure that using race and religion to steal from people is not also using a weapon albeit a psychological one. Should the lack of a physical weapon preclude criminal prosecution of the thief?   I don't think so. So why hasn't Ephren Taylor been indicted?  Why isn't he sitting in jail awaiting trial? I have been asked that question over and over again by Taylor's victims but  I don't know the answer to that question.  There are plenty of Ponzi Schemers across the U.S. awaiting trial in jail, why isn't Ephren in jail?  Is it because Taylor still has so much of his victims'  monies socked away that he can afford to pay a criminal defense lawyer  to negotiate  a get out of jail free card for him?  I know Taylor took way more than $11 million.  I certainly hope  that Taylor will not be able to use the money he stold to help him avoid being held accountable.   The bank robber didn't intentionally target his or her victims  personally, they are simply bank employees, but  Taylor did.  Taylor targeted his own people as his victims. Does he get "credit" for his deviousness?  I think he should. We shall see....

And a note to the Ephren Taylor victims, I will be posting an update within the next 10 days.  Stay tuned.

God bless! Cathy

 

You Need to Know the Dirty Little Secret Grandma and Grandpa Are Hiding -Financial Elder Abuse Alert

Do you know if your Grandma and Grandpa still have money left in their retirement account to assure their well-being until their death?  If you don't, then you need to start asking some questions particularly if Grandma and Grandpa held their retirement savings in a self-directed IRA (SDIRA). After speaking to many victims of fraud promoters and Ponzi Schemers who are over 60 and many in their 70s and 80s, the number of fraudulent investment schemes preying on and targetting the elderly appears to be skyrocketing across the country.  And that is a real problem because much like those victims of affinity fraud who are hesitant to even admit they have been defrauded, seniors are particularly unlikely to tell anyone about being scammed but particularly their own family. 

The reason for that is very simple.  As one 82 year old man told me-"they will have me in a nursing home tomorrow if they find out I lost my retirement money in a Ponzi scheme.  They will think I am incapable of taking care of myself and all of my independence will be taken away."  Are you listening relatives? 

There is a unspoken belief among our population that if a senior, meaning someone 65 or over, invests in a Ponzi scheme and loses their money it is because they are incompetent.  Really?  Because I talk to 30 and 40 year olds who invested in Ponzi schemes and lost all of their money and they were never deemed incompetent for making the investment.  So why is a senior treated differently?

I believe that the reason why financial elder abuse through fraudulent investment schemes is skyrocketing is because of this dirty little secret that everyone knows and no one talks about. There is a big difference between being fooled and being foolish.  Fraudsters know how to swindle smart people-look at the Bernie Madoff victims or the Scott Rothstein victims.  These Ponzi schemers stold the money of millionaires but I didn't read in any court filings or news reports that it was because  the investors were incompetent to manage their personal affairs. No, they were simply scammed.

I encourage organizations such as the AARP to educate the public about these schemes and remove the shame prohibiting disclosure.  I also encouage all of you to talk to the elderly members of your family and make sure they are not an undisclosed victim.  We can't help people that we don't know have been swindled.  Don't let the fraudsters get away because their victims are afraid to speak.  Communicate and Educate People about this Dirty Little Secret of the Elderly.