Thursday, February 24, 2011

Ephren Taylor Gives Interview about Bishop Eddie Long Financial Mix-Up

Interview done by Dr. Boyce Watkins 

Quite a few people took notice when Bishop Eddie Long went to YouTube to issue a very direct challenge to young entrepreneur Ephren Taylor over money that Bishop Long felt Taylor to have shaken out of his congregation. According to Bishop Long, Taylor should give $1 million to the members of his congregation who made investments in response to a seminar being offered by Taylor. Long's video seems to imply that Ephren had been unethical and misleading in the way he delivered the information and that people had lost thousands of dollars as a result.

I've never personally met either Bishop Eddie Long or Ephren Taylor, but I watched the Eddie Long video with extreme curiosity. I felt it to be entirely possible that Taylor could have been less than ethical, since pure capitalism tends to put ethics at the bottom of the priority list (legality is not the same as morality, so someone could be unethical while remaining within the boundaries of the law) . At the same time, there was also the possibility that Long's parishioners may not have read the fine print or had a misconception about what it means to invest. Some investors believe that investing means that you are guaranteed to make money. This is far from the truth. You can easily lose everything, so you should make sure you're prepared to stomach the risk before putting up your money.


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