Debt Relief Scammers Lose Fraudulently Obtained Items In Auction

Debt Relief Scammers To Lose Luxury Items In Court Mandated Auction To Pay Victims They Scammed

debt relief scammers

A trio of debt relief scammers had all their toys auctioned off. The three Florida scammers ripped off $80 million from consumers across the country.

Last year, U.S. District Judge Cecilia Altonaga entered a preliminary injunction that halted the scam. the Federal Trade Commission and the Florida State Attorney General filed suit against Jeremy Lee Marcus, Craig Smith, and Yisbet Segrea. The suit alleges the three men used more than a dozen different companies to fool consumers into thinking they would receive help to get out of debt.

The court named Miami attorney Jonathan Perlman as the receiver and commissioned him to recover whatever he could for victims.

Debt relief scammers

Perlman said he and his legal team have identified $32 million in assets for recovery. Items auctioned off included 630 SW 25th Ave. in Fort Lauderdale and another home worth more than $5.25 million in Fort Lauderdale. The debt relief scammers also had a fleet of luxury cars that included a 2014 Tesla Model S P85+ and a 2015 two-door, six-speed automatic BMW i8 Hybrid Supercar. The scammers also had a 2015 eight-speed automatic Land Rover Range Rover and 2 decade-old custom luxury school buses.

Comments

Post a Comment

Popular posts from this blog

Amateur Home Flippers Get Harsh Wake Up Call

Image
Amateur Home Flippers Get Harsh Wake Up Call As They Learn As It’s Not As Easy As They Show On TV A new generation of amateur home flippers is getting caught with their pants down.  The last generation of amateur home flippers thought they could make millions after watching four or five episodes of  The Apprentice . These clueless and wannabe Donald Trumps made up nearly 50% of the foreclosures in Florida after the crash. This latest generation of amateur home flippers has emerged  thanks to HGTV . However, home flipping isn’t as easy as it appears on TV.  Prashant Gopal at Bloomberg reports: Many newbie investors are encountering their first slowdown and facing losses from houses that take too long to sell. Meanwhile, they face steep payments on a kind of high-interest debt—known as ‘hard money’ loans—that helped power the boom. Property flips made up 6.5% of U.S. sales in the fourth quarter of 2018.  Read more at MFI-Miami
Read more

Deutsche Bank Plans To Foreclose On Trump Real Estate

Image
  Deutsche Bank Plans To Foreclose On Trump Organization Properties If They Can’t Dump Trump’s $340 Million Debt Deutsche Bank plans to end the bank’s relationship with the Trump Organization and Donald Trump after the U.S. elections. The Trump Organization owes the bank about $340 million. The loans are against Trump’s golf course in Miami and hotels in Washington and Chicago. Deutsche Bank gave the Trump Organization loans that have Trump paying only interest on the loans so far. The entire principal is outstanding on two of the three loans. The loans come due in 2023 and 2024. The three loans against Trump’s properties and start coming due in two years. The loan payments are current on payments and personally guaranteed by the president. Read More At MFI-Miami
Read more

Is Mark Stopa Going To Prison? Inquiring Minds Want To Know!

Image
  The FDLE And FBI Are Wrapping Up Their Investigation Into Mark Stopa’s Alleged Equity Skimming Scheme. Is Mark Stopa Going To Prison? Rumors are running rampant in the Tampa/St. Petersburg area about Mark Stopa going to prison. MFI-Miami has learned from multiple sources that the criminal investigation into Mark Stopa’s alleged equity scam is wrapping up. So, the million-dollar question is, is Mark Stopa going to prison and for how long? No one is saying how long he could be going to prison. A jury will have to decide that. It also depends on what federal and state prosecutors put in the indictment(s). Yes, sources are also saying the indictments are coming sooner than later. We can expect to see them by the end of the year.  Read More At MFI-Miami
Read more