This is the American Greed podcast presented by CNBC.

I'm Stacey Keach.

In this episode of American Greed, he was the sweet-talking son of a preacher man.

He came out like a Southern Baptist, Holy Ghost-field, Fire-Baptized preacher.

Ephraint Taylor II is a big talker.

I taught myself on a program, computers,

and making games, selling them to my friends.

I ended up in high school having a $3.4 million dollar

firm.

But he isn't so sweet.

What we find heinous about this crime is that he was taking

advantage of people in their places of worship.

He came across as a man of God.

Taylor found success early.

Young and rich, and we're talking very young and very rich for Taylor.

Sharing his wealth-building Bible-based secrets with the faithful at mega-churches across the country.

Taylor offers the devout an investment opportunity,

he says, has God's stamp of approval. He would often tell people that they would gain

2400% on their investment. As a Christian, a servant of God, you want to be wise with the wealth

that God gives you and you want to make it multiplied.

But when God-fearing investors had their life savings

over to this profit of prosperity,

...