10 Parishioners Lost More Than $1 Million
Bishop Eddie Long is getting sued again. No, there aren’t any more young men coming forward with allegation of abuse.
It’s his church members who invested in a shady company that he endorsed.
From the AJC:
Ten parishioners lost more than a million dollars after investing in a company Bishop Eddie Long endorsed, according to a lawsuit filed Wednesday in DeKalb County state court.
The most recent suit stems from a three-day investment seminar Long held at the church in October 2009, at which church members were encouraged to invest in a company named City Capital Corporation, according to the suit. The company’s then-CEO, Ephren Taylor, attended and was heralded by Long, attorney Jason Doss told the AJC. Doss, of Marietta, and attorney Quinton Seay are co-counsels in the suit.
Watch the video where Bishop Long pleaded to church members below:
But both the church and Long were compensated for their roles in soliciting the investments, the lawsuit contends.
The attorneys representing the plaintiffs contend some of those that invested have lost life savings due to their involvement in the scam.
“It’s a terrible thing, especially when you suffer a loss like that from your church and your pastor,” Seay said late Wednesday. “A lot of them have been members at New Birth Baptist for a very long time. They were given some extremely bad advice.”