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Important information

• Government Actions:

  Government Action: BBB reports on known government actions involving business’ marketplace conduct:

  Securities and Exchange Commission vs Kevin B. Merrill; Jay B. Ledford; Cameron R. Jezierski; Global Credit Recovery, LLC; DelMarva Capital, LLC; Rhino Capital Holdings, LLC; Rhino Capital Group, LLC; DeVille Asset Management Ltd; and Riverwalk Financial Corporation
  

  The following describes a pending government action that has been formally brought by a government agency but has not yet been resolved. We are providing a summary of the government's allegations, which have not yet been proven. 

  On September 13, 2018, the Securities and Exchange Commission filed a complaint in the United States District Court for the District of Maryland. Charges filed allege Kevin B. Merill, Jay B. Ledford and Cameron R. Jezierski raised more than $345 million from over 230 investors to purportedly purchase consumer debt portfolios. From at least 2013 to present, the SEC alleges Merill, Ledford and Jezierski operated this Ponzi-like scheme that involved, among other things, securities offerings rife with misrepresentations, fake debt, forged signatures, fabricated wire transfers, the movement of millions ofdollars into personal accounts, and an elaborate scheme wherein they offered and sold investments in the same (and often fictitious) debt and/or debt portfolios, to multiple victims

  Touting their purported expertise in collecting on and reselling consumer debt, Merrill and Ledford, through a web of entities they owned and/or controlled, including Global Credit Recovery, LLC; Delmarva Capital, LLC; Rhino Capital Holdings, LLC; Rhino Capital Group, LLC; DeVille Asset Management LTD; and Riverwalk Financial Corporation allegedly offered and sold securities to investors with the promise of significant profits.

  For more details on this pending case, go to https://www.sec.gov/news/press-release/2018-201. 

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