Fraud Scheme of PNC Bank

A federal lawsuit filed in June of 2019 in Florida's Southern District court alleges that Jeremy Lee Marcus used PNC Bank accounts to run a deceitful debt relief theme that bilked consumers out of $85 million. Marcus used over a dozen business names, together with 321 Loans, serving to America cluster, Instahelp America INC. and monetary Freedom National financial., 142 net domain names and 440 direct-dial phone numbers to Consumers to participate within the phony debt relief program. The lawsuit was filed by Miami professional, Jonathan Perlman, World Health Organization was appointed receiver in an exceedingly previous suit filed by the Federal Trade Commission (FTC) in could of 2017. As receiver, it had been Perlman's job to manage and investigate Marcus' affairs and conceive to recover funds for Customers World Health Organization were defrauded. Marcus' debt relief firms incorrectly told Consumers that their unsecured debts would be settled or payment terms changed to scale back balances, interest rates or fees. Some were sent what gave the impression to be loan documents for low rate of interest loans that were speculated to be accustomed consolidate and pay off their debts. Consumers' bank accounts were debited monthly to pay off remaining debt, however, no loans were ever created and monthly payments weren't applied to the consumers' debt. Consumers eventually were told by their creditors that no payments were being created, and lots of were sued by their creditors, left in monetary distress and made into chapter 11. According to the lawsuit, “more than $32.8 million seasoned PNC Bank accounts over the lifetime of the banking relationship between the bank, Marcus, and also the numerous firms he created.” Shortly when Marcus began his debt relief theme in 2014, PNC Bank became suspicious of his firms activities and finish off his accounts. Despite this, PNC Bank resumed its banking relationship with Marcus simply 9 months later. The lawsuit alleges that PNC Bank aided Marcus in funneling a lot of bucks through his numerous PNC accounts and many thousands of bucks to offshore accounts control by Marcus' totally different business entities. Marcus has repeatedly refused to discuss his relationship with PNC Bank and bank officers have expressed that the bank doesn't discuss legal matters.  The SunSentinel reports that a spokeswomen for the U.S. Attorney's workplace within the Southern District of FL aforesaid by email that the Department of Justice “does not ensure or deny the existence of associate investigation” into PNC Bank.

 If you think that you simply were a victim of a deceitful debt relief agency, please contact our workplace for a free, no obligation consultation at 1-800-219-3577.(Collected)