ED Magedson – Founder
Ephren Taylor2000 Mallory Lane Nashville, Tennessee United States of America
WATCH OUT! BEWARE! Ephren Taylor will suck you in with his conscious and social investing, his so called humble and honest roots, his story of being a man of faith, and his aspirations of being a minister of God and his outstanding integrity. There is no such thing when someone steals from a group to give to another. Stealing is stealing. Here is my story with this so called Church Boy, self made millionaire and entrepreneur. My name is VALTER CIPOLLARI from North Alabama area and if you would like more information on this guy or if you are a victim as me, please email me at (((ROR redacted))) . I went to an investment conference in Orlando , Florida in February 2009 put on by Wealth Summit Live with many speakers giving investment advice and promoting their investment ideas. A person by the name of Ephren Taylor, CEO of City Capital Corporation, made a presentation and pitched diversified social conscious investments through his company. No direct investments were done in Florida . Upon arrival back home, phone calls were exchanged and information sent on two investment opportunities/joint ventures, City Laundry Services LLC and City Petroleum LLC. In the investment proposals, the investment would be collateralized by the business and its inventory- please see Risk Minimization in both joint venture opportunities overview, upon request. After doing my due diligence at the time, I proceeded with both investments signing two separate promissory notes allegedly thinking I was also signing a collateral agreement on both. Note that both notes were drafted by City Capital Corp. The intial investment on both notes totaled $75,000.00. The notes were payable in one lump sum including principle and interest 1 yr from signing (3-18-2009). The investments were conducted by a third party, Equity Trust Company, who holds self directed IRAs and these types of investments above within it. In the end of the year in 2009, I called Kinetra Dixon, Client Support Manager with City Capital Corp, in regards to the investments I made with them and she assured me all was well and that I would receive exactly what was in those notes only if City Capital Corp went out of business/bankrupt. She proceeded to say that it was the policy of the company to call their clients 1 (one) week prior to the maturity of the notes to either renegotiate the notes or to cash out. Although, no communication by the company regarding my investments were ever done for the entire year and 1 week prior to maturity of the notes, no call from City Capital Corp. On Monday, March 15 th 2010, I called Kinetra Dixon and related to her my wishes to liquidate my funds. She stated she would call me at the end of the week. No phone call. Called on Friday, March 19 th 2010, and left message and no return call. Called on Monday, March 22, 2010, and left another message. Ms Dixon called at 10:30 AM EST and stated I have forwarded your request to our accounting department. No correspondence by City Capital Corp. Called back on Friday, March 26, 2010, and left another message for Ms Dixon. No return call. On Monday, March 29, 2010, Ms Dixon was emailed and she responded that my investment/notes where being forwarded to Mr. Robert Bovarnick, who I found out that he was an attorney in Pennsylvania who does legal work for Ephren Taylor and City Capital Corp. Called Both Ms Dixon and Mr. Bovarnick on 3-29-2010, left message and no return calls. On 3-31-2010, I called Mr. Bovarnick, left message and no return call. On 4-1-2010, Mr. Bovarnick emailed me and he states he would attempt to call me on 4-02-2010. On 4/02/2010, there was no call from Mr. Bovarnick but I called and emailed Ms Dixon with no return correspondence. Also, I called Mr. Bovarnick at 3:30 CST the same day. On April 5, 2010 Mr. Bovarnick called and conversation went as follows: How can I help you? Mr. Bovarnick asked. Well, I am holding two notes, that matured on 3-18-2010, which Ephren Taylor/City Capital Corp made with me and I just wanted to liquidate the funds, Valter said. Mr. Bovarnick with confusion in his voice, I am confused why City Capital Corp is sending you to me, I dont hold the purse strings. I just do legal work Ephren. I need to speak to Ephren or Kinetra to clarify this. On April 5, 2010, I called and spoke with Ms Dixon at 3:10 CST and she stated I have been told by my upper management to have all my information sent to Mr. Bovarnick. Is upper management Ephren Taylor? Ms Dixon responded Yes. April8, 2010, I called Mr. Bovarnick at 3:14 CST and left a message. No further correspondence by City Capital Corp, Ephren Taylor, Kinetra Dixon, and Mr. Bovarnick. A notice of default was sent by Certified mail, fax, and email on 4-12-2010. No further correspondence to date. Upon further investigation, the notes have rate of return that is illegal by law and they were written with the provision that any lawsuit shall be litigated only in the District Court of Jackson County, Missouri which has stringent regulations of rate of return on notes. It is evident that these notes were carefully crafted by Ephren Taylor/City Capital Corporation representing enticing fraudulent investment information to seduce investors into their scam. Also, I have never received the collateral agreement with each note. Since the notes are in the name of the companies and there is no mention of Ephren Taylor or City Capital Corp, I have acquired information from the Missouri Secretary of States on City Laundry Services LLC and City Petroleum LLC which clearly implicate Ephren Taylor and City Capital Corp with these companies. Furthermore, Ephren Taylor filed for termination for City Petroleum LLC on April 02, 2009 shortly after my funds were wired to him. Note that all documentation mentioned above can be verified! Please dont be another victim and let Ephren Taylor be a self made millionaire on the backs of HONEST working Americans! Presently seeking legal council and would welcome others that have been victimized to step forward and together file a class action lawsuit putting a stop to this scoundrel. Contact info:(((ROR redacted)))
CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.
This report was posted on Ripoff Report on 05/24/2010 07:28 PM and is a permanent record located here: http://www.ripoffreport.com/r/Ephren-Taylor/Nashville-Tennessee-/Ephren-Taylor-City-Capital-Corporation-SCAM-SCAM-SCAMWATCH-OUT-FOR-THIS-CHURCH-BOY-606886. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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