A Louisiana man has filed a lawsuit against several entities, including a financial institution and local government officials, alleging a complex fraudulent banking scheme and violations of constitutional rights. Caleb-Michael Marcantel submitted the complaint to the United States District Court for the Middle District of Louisiana on February 21, 2025, targeting defendants such as First American Bank & Trust and Ascension Parish officials.
The lawsuit accuses the defendants of engaging in deceptive financial practices by misrepresenting a loan's nature, unlawfully monetizing Marcantel's promissory note, and failing to credit him for funds legally owed under banking regulations. Marcantel claims that his promissory note was fraudulently converted into a bank asset without proper disclosure, leading to an unlawful seizure and sale of his home. The complaint alleges that despite being paid in full through securitization activities, the defendants continued collecting on a debt they no longer had legal standing to enforce, violating federal statutes like 12 U.S.C. 503 and 18 U.S.C. 1005.
Marcantel seeks comprehensive financial accounting, damages for unjust enrichment, declaratory relief voiding any fraudulent debt enforcement attempts, and the return of his property. He asserts jurisdiction based on federal question jurisdiction under 28 U.S.C. § 1331 and civil rights jurisdiction under 28 U.S.C § 1343. The case highlights issues surrounding constitutional violations against civil rights protected under the U.S. Constitution and the Bill of Rights.
The plaintiff is represented by an attorney-in-fact who argues that all statutes repugnant to the Constitution are void. The lawsuit also emphasizes procedural irregularities in financial transactions related to mortgage lending practices. It references various legal precedents underscoring the necessity for plaintiffs to demonstrate ownership of notes at filing time to proceed with foreclosure actions.
Marcantel's allegations extend beyond financial misconduct; he claims unlawful arrest and incarceration without probable cause or valid warrants as part of a broader conspiracy by local officials to deprive him of his property rights. The suit seeks compensatory damages totaling over $12 million for restitution, emotional distress, racial discrimination losses, wrongful foreclosure repercussions, trademark infringement claims, and other related grievances.
Represented by CMM Enterprise Living Trust with an address in Geismar, Louisiana, Marcantel demands specific performance from defendants regarding contractual obligations while seeking injunctive relief against further judicial abuse or court manipulation. He requests punitive damages for willful conduct alongside declaratory judgments affirming violations of constitutional protections.
Attorneys involved include those from Kean/Miller LLP representing various defendants like Ronald Falgoust (CEO) at First American Bank & Trust alongside Bridget Hanna (Clerk), Katilyn Hollowell (Attorney), James Eric Lockridge (Attorney), Paul Hall (Major/Warden/CFO), Robert Paul Webre (Sheriff), John Smith (Judge), Darian Austin Mougeot (Buyer). The presiding judge is John H. Smith with Case ID: 3:25-cv-00167-EWD-RLB.