Jeremy L Marcus Allegedly Was Ringleader for a Massive Debt Relief Service Scam Which Victimized Thousands of Elderly & Distressed Consumers
Jeremy Lee Marcus, along with Craig Davis Smith and their businesses, including 321 Loans, Financial Freedom National, Institute for Financial Freedom, Instahelp America, Helping America Group, United Financial Support, Credit Specialists of America, American Advocacy Alliance allegedly spent four years misleading thousands of elderly and distressed consumers into bogus debt relief services, according to a Complaint filed in the U.S. District Court Southern District of Florida by the Federal Trade Commission (FTC) and the State of Florida which is currently under review by consumer rights attorney Alan Rosca.
Marcus, Smith, and their companies, from at least late 2013, allegedly orchestrated an enormous scheme to offer consumers phony debt relief services, including fake loans, the Complaint reports.
Consumer rights attorney Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating on behalf of victimized consumers the allegedly fraudulent debt relief scheme orchestrated by Jeremy Lee Marcus, Craig Davis Smith, and their companies, including 321 Loans, Financial Freedom National, Institute for Financial Freedom, Instahelp America, Helping America Group, United Financial Support, Credit Specialists of America, American Advocacy Alliance.
Consumers who lost money with debt relief services offered by Marcus, Smith, and their companies, including 321 Loans, Financial Freedom National, Institute for Financial Freedom, Instahelp America, Helping America Group, United Financial Support, Credit Specialists of America, American Advocacy Alliance,are encouraged to contact attorneys Alan Rosca and Paul Scarlato with any useful information or for a free, no obligation discussion about their options. Goldman Scarlato & Penny PC is preparing to take action on behalf of victimized consumers and would like to talk to potential victims. Our goal is to supplement whatever recovery will be available through the receivership proceedings.
Jeremy Marcus’ Allegedly Fraudulent Debt Relief Program
The FTC’s Complaint further alleges the various Marcus companies used false and deceptive sales practices, and that sales agents allegedly urged consumers to bundle all of their balances into a single loan, and that the single loan would allow consumers to make small monthly payments at low-interest rates.
Said Defendants’ alleged typical mail solicitation came in the form of a personalized letter to the consumer’s home address, wherein the letter states it is from the Customer Approval Center of 321LOANS, A NOT FOR PROFIT CORPORATION, and suggests that a low interest rate loan for tens of thousands of dollars, Pre-Approval – Guaranteed. is only a phone call away, the Complaint details.
In reality, the regulators alleged, in fact there were no loans and Marcus’ companies rarely used the money they took from consumers to repay debts and instead pocketed much of that money. Ultimately, the consumers still owed creditors their original debts plus interest.
Some consumers even allegedly ended up defaulting on their debts or filed for personal bankruptcy, the FTC notes.
Regulators Sue Marcus and His Businesses to Stop His Alleged Debt Relief Fraud.
Jeremy Lee Marcus, along with Craig Davis Smith and the “debt relief” companies they controlled were sued by the federal and state regulators in an effort to stop the alleged fraud and hold them accountable for their alleged misconduct.
The FTC sought to obtain temporary, preliminary, and permanent injunctive relief, rescission or reformation of contracts, consumer restitution, the refund of monies paid, disgorgement of ill-gotten monies, and other equitable relief, and reimbursement of costs and attorneys’ fees for Defendants’ acts or practices in violation of the FDUTPA.
The FTC Complaints noted some of the allegedly involved Marcus companies:
- These included 321Loans Inc.
- Financial Freedom National Inc.
- Helping America Group
- Marine Career Institute Sea Frontiers Inc.
- Instahelp America Inc.
- Breeze Financial Solutions
Said companies claimed nonprofit status to help them appear more credible, and pitched their plans to consumers through telephoned sales pitches or via the internet, the FTC noted.
As of the date of this article, there has not been a finding of liability as to the complaints mentioned in this article, unless otherwise indicated.
Consumer Rights Lawyer Investigating – What Victimized Consumers Can Do
If you lost money through Jeremy Marcus’ alleged debt relief scam, you may contact the Goldman Scarlato & Penny attorneys, Alan Rosca or Paul Scarlato, for a free, no-obligation evaluation of your loss recovery options.
The Goldman Scarlato & Penny PC law firm represents consumers who lose money as a result of fraud or misconduct and are currently investigating Jeremy Marcus, Craig Davis Smith, and their businesses’ alleged debt relief scam. The firm takes most cases of this type on a contingency fee basis, and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients.
Consumers who lost money in Marcus’ alleged debt relief scam may contact attorneys Alan Rosca or Paul Scarlato for a free, no-obligation evaluation of their recovery options, at 888-998-0530, via email at firstname.lastname@example.org, or through the contact form on this webpage.