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Scam: #4163

Scam Alert

Person

  • Posted By: Anonymous
  • Submitted: 10/30/2011
  • Severity: 10
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GGREG MARCUS

INSURANCE

LONG ISALND, New York

GREGG S. MARCUS of Long Island, New York is a Financial Scam Artist.
GREGG MARCUS is a CONVICTED FELON.

For the Last 12 months Marcus has been in The Insurance Industry. Marcus turned to Insurance in 2010 when his Mortgage Company, Somerset was Forced to Shut Down. Gregg Marcus was a Sub-Prime Mortgage Broker. Gregg Marcus was involved in False Loan Applications, Federal Tax Evasion, and Bank Fraud. In 1998 Gregg Marcus Pled Gulity to a FELONY. Marcus was Forced to return $2.8 million in insurance payments to FHA because of “significant underwriting deficiencies” in the firm’s loans.

In Short, Gregg Marcus is known as a "BAIT and SWITCH BROKER"
What that means is that he will quote you an Attractive Deal and then later Change it at Closing.

For your Own Sake do NOT do Business with Gregg Marcus or his Firm. Do a quick Google Search and you will find his Court Transcripts that explain in Detail the Criminal Activities Marcus was convicted of. Here is the web sites Link:
http://www.thecuttingedgenews.com/index.php?article=21596&pageid=&pagename=

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