I’ve been doing some investigating of my own and here some of the things I’ve found out. First of all the member Marilyn Labre, you mentioned in your last blog about them, is actually the US citizen person that Rod Mercado married to gain passage into the US. He has been trying to divorce her but she knows that his company is worth a some money and he knows she will ask for half of it so he did not pursue the divorce. Instead he just moved out to a separate house together with a son who he claims is his but has no resemblance. He brought this son over when Marilyn Labre sponsored for him to come to the US. He was a failure most of the beginning years here in the US until he founded this company now known as Financial Rescue LLC. He can’t wait to get enough money from his Filipino audience.
The other person member you spoke of Dolores Mercado, is Rod Mercado’s sister who is running the call centers in the Philippines. How she is a member is unknown since she is neither a permanent resident in the US or even a US citizen. Word is that he is trying to bring her over into the US and have her marry one of his US citizen friends.
With regards to Rod Mercado, apparently, this person has no financial experience in the US nor elsewhere, yet, he keeps coming out on Filipino TV networks giving out Financial advice. I would think that would be illegal for him to do. I looked up his Linkedin profile and here’s what I saw.
Background Experience President/CEO Success Link Processing September 2012 – Present (2 years 9 months)Milpitas, California General Management Strategic Planning, including sales strategy development and Marketing Affiliation Development for debt relief programs Marketing and New Business Development President/CEO Financial Rescue LLC August 2008 – Present (6 years 10 months) General Management Business Strategic Planning Business Development Marketing and Advertising President MBS Capital Mortgage and Realty Inc. July 2007 – October 2008 (1 year 4 months)Fremont, California Real Estate Sales Mortgage President Dreambuilders, Inc June 2001 – July 2005 (4 years 2 months)Manila, Philippines Senior Executive- Marketing,External Business and Supply Chain Rhone-Poulenc Rorer June 1991 – January 2000 (8 years 8 months)Makati, Philippines Member of the EXECUTIVE/MGT COMMITTEE Key Responsibilities: -Business Strategic Planning / Corporate Planning -Sales and Marketing -Licensing out of pharmaceutical products to third parties -Industrial Operations Management/ Supply Chain Management -Distribution Materials Manager Roche Phils, Inc 1987 – 1989 (2 years) Industrial Engineer Dutch Boy Philippines April 1982 – March 1987 (5 years)Manila, Philippines Honors & Awards Distinguished Citizen Award – Entrepreneur West Bay Filipino Multi Center June 2013 Honoring Leaders Mentoring the Youth Skills • New Business Development • Marketing • Business Strategy • Strategic Planning • Management Education Ateneo Graduate School of Business MBA 1995 Interests • personal financial planning • management training • investing • business opportunities related to debt relief industry • new technology Groups • Roche Alumni Network • Ateneo Graduate School of Business (AGSB) Alumni • TheSocialCEO™ • The Franchise Relatio
Clearly, this person holds no financial experience. One of the people I spoke to said they’re boss tried to expose this but was immediately blocked by the Filipino TV networks.(ABS-CBN International also known as TFC, and GMA Network). He buys a lot of commercial spots since he is paying employees in the Philippines between $100 to $150 US dollars per month. Kind of running a sweat shop in the Philippines. I asked a realtor friend of mine to check him out and he appears to not even own a house in the US. This is very puzzling because, many Filipinos know that guys like these when busted by the government is on the first flight out of the country. They also told me that he is the one who instigates to not tell the clients that they are in the Philippines.
Another thing they told me is that he tried to do business in Canada illegally. I asked how, and they said that he had to incorporate in Canada in order to sell his services there. He never did and is still not up to now. The TV networks allowed him to sell his services there without asking if he is legal. See below where he says they have extended their services to Canada in the outer page of a magazine. A company named Velocity Processing who also has a Canada version of their company enables him to sell their services to Filipino-Canadians via Financial Rescue LLC while there are no LLC corporations in Canada.
Attached is the back cover sheet of their ad in Canada. Here are some of the US companies who they use to service some of their US clients, Jack Walsh Law firm based out of Dallas, Texas and Bella Financial, a Texas company and Velocity Processing out of Dallas, Texas, all of which are charging advanced fees. Attached is a sample of the Jack Walsh payment plan. There is a complaint against the Jack Walsh Firm under its BBB mentioning Financial Rescue as the source of the client. Check out these links where he gives financial advice on TV.