Young entrepreneur’s success story unravels in court cases
Ephren Taylor Jr. was a computer whiz kid from Overland Park who retired at age 19 after starting a dot-com company valued at several million dollars. Not content to sit idle, he went back to work and became the youngest African-American CEO of a public company./ppThat was the story the 2000 Blue Valley North High School grad told, anyway, and he told it often./ppTold it in his three books, on his website and to wide-eyed news media that swallowed whole Taylors teenage millionaire tale./ppVery young and very rich is how, in January 2007, Donny Deutsch of The Big Idea show on CNBC introduced Taylor, then just 24./ppFive years later, the Securities and Exchange Commission has accused him of a Ponzi scheme to swindle more than $11 million, primarily from African-American churchgoers, in a lawsuit filed in April. Law enforcement agencies are investigating, although no criminal charges have been filed to date, said David Peavler at the SEC./ppIn addition, a class-action lawsuit has been filed against him, and at least two other lawsuits have won judgments against Taylor./ppTaylor hasnt filed a response to the SEC suit; his attorney is asking for more time. Taylor also declined through that attorney to comment when contacted by The Star recently. His whereabouts are unknown to the
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