Derrick McCoy
Complaint 162352 Details

Stay completely away from Derrick McCoy of Asset Protection Group in Houston.

I was referred to him in the beginning of May 2012, through a company for which I do marketing. I paid them $5,000 to do the process. He was supposed to help me issue bonds to pay off my mortgage. He said the process could be completed in 30 days.

After two months of a complete run around and numerous phone calls, emails and lies, he told me that the paperwork was completed, but he wasn’t going to do any more work for me, or send me the paperwork, until I paid him an additional $3,000. This was clearly extortion.

This additional money was never part of the agreement and I argued with him that it wasn’t part of our original agreement. I finally paid this interstate extortion money under duress, because I was very anxious to get the paperwork. He still never sent the completed paperwork, even after five months.

He will tell you he has a joint partnership, then he doesn’t, then he does. There were two of us who tried his method and it didn’t work for the other person, and I believe it wouldn’t work for me either. I believe he is just avoiding sending me completed paperwork to file, knowing that if I do file the paperwork, that it won’t work for me either.

Please learn from my horrendous experience with him and stay completely away from Derrick McCoy of Asset Protection Group in Houston TX.