Tuesday, February 1, 2011

Bishop Eddie Long Goes to Youtube to Talk about Financial Fraud within New Birth

by Dr. Boyce Watkins, Syracuse UniversityScholarship in action 

Bishop Eddie Long has made yet another public appearance, this time on Youtube. Rather than discussing his own legal issues, Long spoke about an investment company that allegedly left many of his members on the brink of financial ruin. In the video, Long discussed a dispute that his church is having with City Capital Corp, a company that came to the church to convince members to invest money with their firm back in 2009.
In the video, Long said that since City Capital Corp. came to visit his church, some members have faced bankruptcy, foreclosure, or significant losses in their retirement accounts. Bishop Long made a public appeal to the company's former CEO, Ephren Taylor, and the rest of the company to do the right thing and return the money to those who've been hurt.
In a press release issued on Monday, Bishop Long informed the media that several members of his church alerted him to concerns they had about City Capital. Roughly 20 members of the church invested with the company, according to published reports.


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