I-TEAM: Settlements for some in Bishop Eddie Long's congregation - Los Angeles Local News | FOX 11 LA KTTV

I-TEAM: Settlements for some in Bishop Eddie Long's congregation

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ATLANTA, Ga. -

He came into church with promises of riches for Bishop Eddie Long's congregation.

Ephren Taylor, a self-described financial guru, left with nearly a million dollars in investments.

But, according to a lawsuit, it was nothing more than a Ponzi scheme and nearly all of it was lost.

Now, 13 members of Bishop Long's church have settled their lawsuit with Bishop Long and Ephren Taylor.

The settlement brings to an end this tragic tale of what one lawyer calls misguided trust.

Bishop Long says the matter is now resolved to everyone's satisfaction.

Senior I-team reporter Dale Russell, first uncovered this scheme 3 years ago and has this exclusive report.

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