If you’re looking casualty insurance in New York, you might have heard of Gregg Marcus of MSM Enterprises.
However, before you do any business with them, be sure to check out the following review.
The following review gives you information about the various aspects of the insurance broker.
Gregg Marcus is a scam artist and a convicted felon who falsely claims to have years of insurance experience.
– A reviewer of Gregg Marcus of MSM Enterprises
Also, you will come to know about victims of Gregg Marcus Insurance Broker and his criminal history.
The Criminal Past of Gregg Marcus New York:
Former high school classmates, Gregg Marcus and Andrew Perrotta, founded General Modernizer Home Construction Co., Ltd. (“GMHC”). The business expanded, and both started different partnerships. In 1993, Gettysburg Funding Corp., which is known as a mortgage brokerage firm, got loans for GMHC’s clients. Finally, Gettysburg made it possible to generate more than $3 million in gross annual revenue.
In 1990s, Marcus and Perrotta encountered federal investigation for unlawful practices, counting the filing of incorrect loan applications in the name of GMHC customers. And, the two came into a joint plea agreement. The arrangement expected one to confess to one count of bank extortion and the other to concede to one count of tax evasion.
Notwithstanding, the plea agreement permitted Marcus and Perrotta to choose which partner would concede to each count.
Marcus asked about tax evasion, while Perrotta appealed to the bank fraud plea. Perrotta battles the two knew that whoever conceded to bank extortion would need to strip his portions in Gettysburg as a result of a New York law which precludes those sentenced for bank misrepresentation to work in the monetary business.
In accordance with Perrotta, he pleaded to bank fraud as Marcus was all the more vigorously engaged with the Gettysburg business.
Notwithstanding, Perrotta contends, the two likewise concurred they would keep on parting the organization’s profits similarly.
Marcus said Perrotta in Feb, 1998, that he wished to break down all of their partnership plans. Perrotta charges that obscure to him, Marcus had been haggling with FHB Financing Corp.,1 a public home loan banking firm, concerning a takeover.
Perrotta alleges that Marcus offered Gettysburg to FHB and wouldn’t go into any monetary repayment to separate Gettysburg’s resources. Marcus went to work at FHB in October 1998, and dealt with FHB’s selling arm.
Tensions ran intense, and there were battles between workers of GMHC and Gettysburg, as well as acts and arguments and acts of vandalism. Perrotta sued Marcus in 1998 to get back his portion of Gettysburg
About Gregg Marcus Insurance Broker: What He Claims to Be
In this section of the review, I have explained what the numerous fake PR articles propagated by his marketing team.
According to their paid PR articles, Gregg Marcus is a praiseworthy broker of casualty and property insurance who also deals in casualty insurance and business property.
Mr. Marcus handles different clients to evaluate and purchase property insurance to provide coverage for their company and commercial properties. He is from New York.
Basically, he aims to to satisfy the requirements related to casualty insurance. It offers liability coverage to protect them from protection that results in destruction or harm of a person’s property.
Marcus works in the commercial finance sector and offers a variety of financing alternatives to clients as well as business owners.
He has a great experience in working at MSM Enterprises of New York Inc and since 1996 he has given him a great platform to create commercial alliances, grow as well as promote clients’ businesses including coach aspiring business owners.
Marcus has more than 15 years of experience in the mortgage counseling industry.
Apart from this, he has assisted clients from a diverse range of backgrounds to acquire the finance needed for different projects. He has also offered consultation on complete areas of mortgages.
Apparently, Gregg Marcus is also recognized for his generous work.
Interestingly, the man contributed to Long Island. It is basically, a New York-based firm, Sunrise Day Camp for children with cancer. It was started in 2006, Sunrise Day Camp has helped children who were suffering with cancer and siblings relive.
He made his contribution to Americans for Class, which is known as Meadow’s Movement. It is essentially known as Meado’s Movement. It is a group devoted to increase the safety of students.
Marcus said, “I believe one habit that has been key in my productivity as an entrepreneur is my dedication to staying informed. I consistently read new literature and research new developments in the insurance, lending, and technology sectors in order to stay up-to-date with changes that may affect our clients or our operations. This helps me anticipate new opportunities and new challenges so that I can better serve our customers and lead my team towards success.”
What the Victims of Gregg Marcus Insurance Broker Are Saying:
Gregg has a history of bad business practices. Mr Marcus cheated on his employees. He was not paying the complete amount to his employees.
This resulted in a Class Action Lawsuit and court compelled Gregg Marcus to immediately pay the money to the former workers. Marcus and his company was into Loan Application Fraud, Tax Evasion, and Bank fraud.
Gregg is known by the name of “Bait and Switch” Broker in the Financial industry. It means that he will sell an attractive deal.
Frequently Asked Questions About Gregg Markus Insurance Broker
Who is Gregg Marcus?
Gregg Marcus is a known broker of casualty and property insurance. He takes care of causality and business insurance. Mr Marcus mainly works with clients to figure out and purchase property insurance. He is into offering coverage for their commercial, company properties. Marcus is a philanthropist too.
Where is Gregg Marcus Insurance Broker situated?
The native place of Gregg Marcuss is New York. His main job is to handle casualty insurance and business property. He has helped clients from a great range of backgrounds so that he can obtain the finance required for a great deal of projects and has also provided consultation on all areas of mortgages.
Gregg Marcus : Conclusion
Last but not least, hopefully you have got familiar with the name of Gregg Marcus. Along with this, you will also come to know about the criminal past of Mr. Gregg. It is advisable that before you decide to do any financial business, you need to take out little time and do a quick Google Search.
There are plenty of scammers in the finance industry who target gullible consumers to take advantage of them. Some other examples include Anthony Pellegrino and Blacklands Finance.
My perception of Gregg is semi-positive and mostly negative due to his involvement in the betterment of the children’s education his attempt to bring change in the education system has got full marks.
He is a complete package of scams, after making several notorious scams he has joined the insurance business for scamming more people
He has promoted Meado’s movement for promoting the education quality of the children, big contributions can’t be ignored.
According to me we can’t make any investments after taking advice from Gregg, due to the fake character he is unworthy.
If you will read the article properly you will find the generous work of Gregg, we will have to appreciate the good work of Gregg, we can’t ignore the positive side of any person. The various camps are organized by him for children’s welfare, here the author will also be appreciated for framing the positive side of Gregg.
I will suggest you not deal with any of the venture’s concerns with Gregg Marcus, due to his involvement in notorious schemes, we can’t trust him with any of the schemes.
When I contacted Gregg for the last, his experience related to casualty insurance and all of his competency is in this field only.
It is better to be away from getting scammed.
Now you can’t trust any of these experienced businessmen in the market the chances are they will not make any profit for you, and scam you.
Gregg Marcus I can’t forget this name, we were entangled in his home sale scheme where he showed us the opportunity of investing in buildings and triple the profit in less than a year, but it was a waste of our money.