The debt relief group 321 Loans that was shuttered by the court has generated a 4th interim report by the Receiver. The update is below: EXECUTIVE SUMMARY 1. The Court appointed Jonathan E. Perlman Temporary Receiver on May 9, 2017, and Permanent Receiver on May 17, 2017, over a nationwide enterprise that used 85 entities, … Read more
I received a copy of the deposition the court appointed receiver conducted as part of the suit against Jeremy Marcus and his related debt relief companies. If you have not kept up on the Federal Trade Commission (FTC) and State of Florida action against Jeremy Marcus and 321 Financial you can start with this link. … Read more
Well it looks like man in the hot seat, Jeremy Marcus, of “I’ve Been Raided by the Government” fame is refusing to turn over his BMW i8 luxury car to the court appointed receiver. On December 13, 2017 Jonathan Perlman, the Permanent Receiver, notifed the court about Jeremy’s refusal to turn over his 2015 BMW … Read more
Question: Dear Steve, I’m one of many ripped off by 321 loans, I sent my info to the receivership and have not heard back from them. I’m worried I will lose all my money from this. I was involved in a lawsuit prior to them being shut down now that was halted. I don’t want … Read more
One of the side effects of writing about debt relief industry is sometimes consumers get confused that I somehow have their money from a company I wrote about. It’s the formula of a bit of anger plus some inattention that results in me receiving messages like “had account with you for over 2 years, payments … Read more
The recent court action against Jeremy Marcus, Craig Smith, and Yisbet Segrea contains a doozie of a statement by the court appointed Receiver. While reviewing documentation discovered when the authorities took possession of the premises, the Receiver found evidence former clients were getting royally screwed in legal settlements won by this conglomeration of companies on … Read more
Defendants falsely claimed they would pay, settle, or obtain dismissals of consumers’ debts and improve their credit At the request of the Federal Trade Commission and the State of Florida, a federal court has temporarily halted a massive phony debt relief operation that bilked tens of millions of dollars from financially strapped consumers, including the … Read more
Rumors have been circulating for the past couple of weeks of action against Jeremy Marcus and his debt relief empire. The documents have been unsealed and it looks as if the Federal Trade Commission and the State of Florida have spared no effort to shutdown the Marcus empire. To see the history of stories I’ve … Read more
An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. Recently I wrote about a company named 321Loans. A different reader had sent in a contract for me to review. If you read my article, here, you will see there were some questions raised that the company has … Read more
A debt relief industry insider and tipster (send in your tips here) forwarded me a copy of an agreement they received from a consumer from a new company called American Credit Shield. The tipster (send in your tips here) said the consumer was being charged a fee of several thousand dollars to participate, a monthly … Read more