Federal authorities hadn't been able to find him after the Securities and Exchange Commission went to court to stop what it said was a Ponzi scheme targeting African-American church members across the country. After Taylor disappeared, a federal judge in Georgia entered a default judgment ordering his City Capital Corp. to pay back more than $11.7 million. Money that investors thought was going to promissory notes or "sweepstakes machines" was diverted to pay his business expenses, rent a New York apartment and fund his wife's singing career, the SEC alleged.
ABC news tracked down Taylor and his wife in Lenexa, Kansas. She was working as a masseuse under the name Liz Taylor, according to the report. The Taylors were overheard bemoaning their lost fortune, the report says.