Statement by Cathy Lerman of the Lerman Law Firm Related to SEC Charges Against Ephren Taylor, Whose Ponzi Schemes Targeted Church Congregations

News provided by

Apr 12, 2012, 05:01 ET

FORT LAUDERDALE, Fla., April 12, 2012 /PRNewswire/ -- The following statement was released today by Cathy Lerman, Founder of the Lerman Law Firm:

"I wholeheartedly support the actions taken by the SEC today against Ephren Taylor. It's a great first step, and I look forward to hearing that the SEC is moving forward with additional criminal charges. On behalf of hundreds of Taylor victims, including dozens of new plaintiffs, I am preparing to file in the coming days a comprehensive lawsuit in another jurisdiction that will identify additional responsible parties who helped him perpetrate his serial Ponzi schemes. This self-described minister targeted and ripped-off hard-working, devout churchgoers for his own financial gain and he must be brought to justice."

The public can learn more about Ephren Taylor's Ponzi schemes by visiting the Newsroom section of the Lerman Firm website: www.lermanfirm.com.

SOURCE Lerman Law Firm