Olga Martinez v. Bop Financial Group, LLC

CourtNew Jersey Superior Court Appellate Division
DecidedMarch 31, 2025
DocketA-2643-23
StatusUnpublished

This text of Olga Martinez v. Bop Financial Group, LLC (Olga Martinez v. Bop Financial Group, LLC) is published on Counsel Stack Legal Research, covering New Jersey Superior Court Appellate Division primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Olga Martinez v. Bop Financial Group, LLC, (N.J. Ct. App. 2025).

Opinion

NOT FOR PUBLICATION WITHOUT THE APPROVAL OF THE APPELLATE DIVISION This opinion shall not "constitute precedent or be binding upon any court ." Although it is posted on the internet, this opinion is binding only on the parties in the case and its use in other cases is limited. R. 1:36-3.

SUPERIOR COURT OF NEW JERSEY APPELLATE DIVISION DOCKET NO. A-2643-23

OLGA MARTINEZ, and NORMA PACHECO, in her individual capacity and as Power of Attorney for OLGA MARTINEZ,

Plaintiffs-Respondents,

v.

BOP FINANCIAL GROUP, LLC, and LISA FARAH CALIXTE,

Defendants,

and

LUIS S. JEAN-BART, and MARIA MORALES,

Defendants-Respondents,

PFS INVESTMENTS, INC., d/b/a PRIMERICA,

Defendant-Appellant. _________________________ Argued November 12, 2024 – Decided March 31, 2025

Before Judges Sabatino, Gummer and Jacobs.

On appeal from the Superior Court of New Jersey, Law Division, Hudson County, Docket No. L-3054-23.

Terry Weiss (Duane Morris LLP) of the Georgia bar, admitted pro hac vice, argued the cause for appellant (Duane Morris LLP, attorneys; Terry Weiss, Brian N. Biglin and Matthew M. Caminiti, of counsel and on the briefs).

Kyle E. Vellutato argued the cause for respondents Olga Martinez and Norma Pacheco (O'Toole Scrivo, LLC, attorneys; Kyle E. Vellutato and Nicholas P. Whittaker, of counsel and on the brief; Antonio A. Vayas, on the brief).

McCarthy & Soriero, LLC, attorneys for respondent Luis S. Jean-Bart, join in the brief of appellant PFS Investments, Inc.

Milton Bouhoutsos Jr., Esq., LLC, attorney for respondent Maria Morales, joins in the brief of appellant PFS Investments, Inc.

PER CURIAM

Defendant PFS Investments, Inc., d/b/a Primerica ("Primerica"), along

with defendants Luis S. Jean-Bart and Maria Morales, appeals from an April 12,

2024 order issued by the Law Division denying its motion to compel arbitration.

We affirm, substantially for the reasons articulated in Judge Joseph A. Turula's

well-reasoned oral analysis and ruling.

A-2643-23 2 I.

In August 2023, plaintiffs Olga Martinez and her goddaughter, Norma

Pacheco, acting in the capacity of power of attorney for Martinez, filed a

complaint in the Law Division against Primerica, Luis Jean-Bart, BOP Financial

Group, LLC ("BOP"), Lisa Farah Calixte, Maria Morales, and fictitious

individuals and corporate entities. The complaint consisted of ten counts,

including counts based on alleged breach of contract, breach of fiduciary duty,

fraudulent inducement, and violations of the Consumer Fraud Act, N.J.S.A.

56:8- to -229, and New Jersey Anti-Racketeering Act (RICO), N.J.S.A. 2C:41-

1 to -6.2. Specifically, plaintiffs alleged they were victims of theft in a sum over

$1.4 million, representing much of Martinez's life savings. Their claims

stemmed from the conduct of a Primerica employee, Luis Jean-Bart, who

purportedly induced plaintiffs to rollover the majority of their investment with

Primerica into another entity, co-defendant BOP. Jean-Bart had introduced

plaintiffs to Calixte, who allegedly made false representations to plaintiffs,

inducing them to invest over $2.1 million with BOP. Morales, one of Jean-

Bart’s assistants and a Primerica employee, accompanied Pacheco on three

occasions to ensure the wiring of the monies to BOP. The investments made

with BOP, purportedly against plaintiffs' instructions, resulted in substantial

A-2643-23 3 losses. According to plaintiffs, Jean-Bart and Morales continuously represented

to them that their investments with BOP had made significant gains, but

documentation obtained through plaintiffs' investigation revealed substantial

losses and purported fraud by Primerica's former employees.

Defendants moved to dismiss the complaint, compel arbitration, and stay

the proceedings against them pending arbitration. The motion to compel

arbitration was based on provisions allegedly acknowledged and accepted by

plaintiffs through electronic signature as part of the application process with

Primerica. Defendants further contended that plaintiffs confirmed their

agreement to an arbitration provision every time they accessed their accounts

online through Primerica's proprietary system, referred to as the Shareholder

Account Manager website ("SAM"). Plaintiffs challenged defendant's

contentions, certifying they had not signed or agreed to an arbitration provision

when completing the account applications or accessing their accounts. Plaintiffs

further asserted that Jean-Bart completed the applications on their behalf and,

as such, they did not knowingly waive their right to pursue relief in the Superior

Court.

A-2643-23 4 Background

At the time of the motion hearing, defendant Martinez was ninety-four

years old. She could not speak or read English and had no training in finance.

Defendant Pacheco, Martinez's goddaughter and caretaker, was conveyed

Martinez's power of attorney, authorizing her to make financial decisions for

Martinez. Pacheco too had a limited ability to read or write English. Pacheco

helped Martinez find a financial advisor to invest the nearly $2 million savings

Martinez had accumulated over her lifetime.

In April 2018, community contacts recommended Jean-Bart to Pacheco,

who then met with Jean-Bart jointly with Martinez. Plaintiffs agreed to open

six separate Primerica accounts with Jean-Bart: (1) three accounts with

Martinez and Pacheco as joint tenants with rights of survivorship; (2) one

account with Martinez, Pacheco, and a third party as joint tenants; and (3) two

529-college-savings-plan accounts in the name of Martinez only.

According to Pacheco's certification, Jean-Bart did not provide plaintiffs

with an account application on paper or any information referencing an

arbitration provision, nor did they discuss an arbitration provision. Pacheco

certified that at no point did she read or execute an agreement that included an

arbitration provision either on paper or electronically at the time the accounts

A-2643-23 5 were opened. Jean-Bart assured plaintiffs he would attend to any necessary

paperwork to set up their brokerage account. Pacheco certified, "I can state with

certainty that Olga and I never read the Primerica application until after this case

began . . . ." She continued, "Olga and I never signed the Primerica application

and never explicitly agreed to the arbitration provision . . . . " Neither Primerica

nor Jean-Bart submitted a certification or provided testimony to the trial court

to contradict Pacheco's certification.

Pacheco claimed that in May 2022, Jean-Bart contacted her regarding a

potential investment opportunity with BOP, inducing her to withdraw funds

from Martinez's Primerica accounts and transfer those funds to various other

bank accounts, ultimately controlled by BOP. Morales, who represented herself

as a Primerica employee, and Calixte facilitated the transfers. In their

complaint, plaintiffs alleged that Morales and Jean-Bart accompanied Pacheco

three times to wire $2.1 million to BOP, perpetrating a fraud to steal over $1.4

million from plaintiffs.

In its motion to dismiss, Primerica presented a different version of the

facts, largely relying on the certification of its Chief Operating Officer (COO),

which was submitted for the first time in its reply brief, effectively blocking

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