MOTHER JONES: “‘I would not want Jim to be secretary of a preschool,’ said one of Marchant’s former employees.”

In Case You Missed It, self-proclaimed “leader and innovator in computer software” Jim Marchant isn’t who he pretends to be. After the Review-Journal aired out Marchant’s dismal business career, today Mother Jones once again proved just how embarrassing the Nevada GOP’s candidate for Secretary of State’s business history is. According to records obtained by Mother Jones, as well as interviews with former employees, foreclosure documents, and more, Marchant has faced millions in court judgments and is deeply in debt.

FROM MOTHER JONES:

• “Divorce records obtained from a Florida county courthouse—along with interviews of former employees, lawsuits brought against his most prominent company, foreclosure proceedings, and recent campaign financial disclosures—reveal that his career ended in financial ruin.”
  • Marchant’s final tech business venture “struggled to develop a functioning product and soon burned through its startup capital. A former employee said Marchant ‘drove it into the ground.’”
  • In May 2001, less than three years after Marchant started the company, Maxcess stopped doing business and fired all its employees, according to a federal court filing.
  • “New hires were encouraged to invest their own savings in the company,” and “workers [were] being encouraged to work for free after Maxcess was unable to make payroll,”
  • “In 2001, Maxcess was sued for breach of contract in a case that led to a more than $4.3 million judgment in Orange County, Florida.”
  • “Three more Orange County lawsuits led to more than $1.7 million in judgments between 2002 and 2004. In total, Maxcess was sued nine times in the county. In neighboring Seminole County, a tenth case led to a $29,465 judgment.”
• “Marchant stopped paying the mortgage on his Nevada home, according to a Clark County, Nevada, court filing. The next year, Marchant’s second wife officially filed for divorce.”
  • “According to divorce filings, his liquid assets were limited to the $7,381 he had in the bank, but he had gone ahead and bought a new pickup.”
  • “He held more than $1.1 million in debt and his net income was $2,150 per month. His now ex-wife, a licensed practical nurse, was in significantly better financial shape.”
  • “In 2011, after the divorce became final, Marchant turned over the deed of his Nevada home to avoid foreclosure. The same year, a different bank filed a complaint stating that he was no longer paying the mortgage on his Florida home. A court issued a foreclosure judgment.”

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