Zickafoose v. Upstart Network, Inc

CourtDistrict Court, M.D. Florida
DecidedOctober 9, 2025
Docket8:25-cv-01280
StatusUnknown

This text of Zickafoose v. Upstart Network, Inc (Zickafoose v. Upstart Network, Inc) is published on Counsel Stack Legal Research, covering District Court, M.D. Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Zickafoose v. Upstart Network, Inc, (M.D. Fla. 2025).

Opinion

UNITED STATES DISTRICT COURT MIDDLE DISTRICT OF FLORIDA TAMPA DIVISION

ISRAEL MALACHI ZICKAFOOSE,

Plaintiff,

v. Case No. 8:25-cv-1280-AAS

UPSTART NETWORK, INC; DAVE GIROUARD; FMA ALLIANCE, LTD,

Defendants. _____________________________________/

ORDER Defendant Upstart Network Inc., (Upstart) moves to dismiss the Plaintiff Israel Malachi Zickafoose’s amended complaint (Doc. 48). Mr. Zickafoose opposes the motion. (Doc. 49). On September 19, 2025, the case was stayed pending the resolution of Upstart’s motion to dismiss. (Doc. 54). David Girouard was terminated as a party on October 4, 2025, and the amended complaint does not assert any claims against Mr. Girouard. (Doc. 47). I. BACKGROUND On August 4, 2025, Mr. Zickafoose filed an amended complaint against Upstart. (Doc. 47). The complaint alleges Upstart committed willful violations of the Fair Debt Collection Practices Act (FDCPA), the Fair Credit Reporting 1 Act (FCRA), the Uniform Commercial Code (UCC), breach of contract, fraudulent misrepresentation, and invasion of privacy. (Doc. 47, p. 1).

These allegations stem from a written agreement for an unsecured $10,000 personal loan that Mr. Zickafoose obtained through Upstart’s digital lending platform. (Doc. 47-1, p. 8). The parties agree that the loan proceeds were disbursed to Mr. Zickafoose’s account. (Doc. 47, p. 3). The central dispute

underlying the claims is whether Mr. Zickafoose discharged his liability under the loan by “affix[ing] a qualified indorsement, clearly stating ‘W/O Recourse’ above his autograph signature.” (Doc. 47, p. 2). Mr. Zickafoose contends that his indorsement created a counteroffer, which Upstart accepted by disbursing

the loan proceeds. (Doc. 47, p. 3). Based on his position that a new contract was created in which Mr. Zickafoose owed no legal obligation to repay, he argues Upstart committed various violations by attempting to collect on the debt. Upstart contends that each of Mr. Zickafoose’s claims fails and moves to

dismiss Mr. Zickafoose’s complaint with prejudice. (Doc. 48, p. 2). It contends the “lawsuit is dependent upon the profoundly flawed vapor money theory” and that “[t]here is no set of facts that Plaintiff can allege to avoid the debt he contractually bargained for.” (Doc. 48, p. 2).

2 II. LEGAL STANDARD Federal Rule of Civil Procedure 8(a) requires that a pleading contain “a

short and plain statement of the claim showing that the pleader is entitled to relief.” A complaint may be attacked—and dismissed—for “failure to state a claim upon which relief can be granted.” In reviewing a 12(b)(6) motion to dismiss, a court applies the plausibility standard set forth in Bell Atlantic

Corp. v. Twombly, 550 U.S. 544 (2007), and Ashcroft v. Iqbal, 556 U.S. 662 (2009). “To survive a motion to dismiss, a complaint must contain sufficient factual matter, accepted as true, to ‘state a claim to relief that is plausible on its face.’” Iqbal, 556 U.S. at 679. “A claim has facial plausibility when the

plaintiff pleads factual content that allows the court to draw the reasonable inference that the defendant is liable for the misconduct alleged.” Id. When deciding a Rule 12(b)(6) motion to dismiss for failure to state a claim, review is generally limited to the four corners of the complaint. When

reviewing a complaint for facial sufficiency, a court “must accept [a] [p]laintiff’s well pleaded facts as true and construe the [c]omplaint in the light most favorable to the [p]laintiff.” Rickman v. Precisionaire, Inc., 902 F. Supp. 232, 233 (M.D. Fla. 1995) (citing Scheuer v. Rhodes, 416 U.S. 232, 236 (1974)). Pro

se plaintiff’s complaints are liberally construed, but the court will not “serve as de facto counsel” or “rewrite an otherwise deficient pleading.” Albert v. Discover 3 Bank, No. 24-10224, 2025 WL 1514052 (11th Cir. May 28, 2025) (citing Campbell v. Air Jamaica Ltd., 760 F.3d 1165, 1168–69 (11th Cir. 2014).

III. ANALYSIS The widely rejected “vapor money” theory underlies Mr. Zickafoose’s claims. The vapor money theory “derives from the sovereign citizen movement.” Price v. Lakeview Loan Servicing, LLC, No.

219CV655FTM29MRM, 2021 WL 1610097 at *3 (M.D. Fla. Apr. 26, 2021), aff’d, No. 21-11806, 2022 WL 896816 (11th Cir. Mar. 28, 2022). “The essence of the ‘vapor money’ theory is that the promissory notes (and similar instruments) are the equivalent of ‘money’ that citizens literally

‘create’ with their signatures.” Id. at *4 (citation omitted). Federal courts across the country have held “[t]he ‘vapor money’ theory of recovery is patently frivolous no matter how disguised under a legitimate cause of action.” Adams v. Partners, No. 24-CV-943-PP, 2025 WL 101615 at *5 (E.D. Wis. Jan. 15, 2025)

(citation omitted); see e.g., Price 2022 WL 896816 at *3 (supporting that claims founded on the vapor money theory are nonsensical, fundamentally misunderstand how negotiable instruments work, and are routinely dismissed by federal courts as frivolous). The complaint could be dismissed simply

because it is predicated on the “patently frivolous” vapor money theory. Nevertheless, this order will address whether each of Mr. Zickafoose’s 4 individual claims state a claim for relief. A. Count I – Violation of the Fair Debt Collection Practices Act

In Count I, Mr. Zickafoose alleges Upstart committed four violations of the FDCPA. Upstart argues Count I should be dismissed because the FDCPA applies to “debt collectors” and Upstart is not a “debt collector” under the meaning of the FDCPA. (Doc. 48, p. 13). In response, Mr. Zickafoose argues

that Upstart is a debt collector because Upstart “repeatedly engaged in post- dispute collection efforts, [and] the record itself proves that [Upstart] is a debt collector under the statute.” (Doc. 49). As a threshold matter, for Count I to state a claim of relief that is

plausible on its face, the FDCPA must be applicable to Upstart. The parties both agree the FDCPA applies to debt collectors. The parties disagree on the meaning of “debt collector,” specifically whether Upstart qualifies as a debt collector under the FDCPA. It is Mr. Zickafoose’s burden to allege facts

plausibly establishing that Upstart qualifies as a debt collector. See Darrisaw v. Penn. Higher Educ. Assistance Agency, 949 F.3d 1302, 1308 (11th Cir. 2020) (finding it was the plaintiff’s burden to allege facts plausibly establishing that the defendant qualified as a debt collector).

“Whether a party is an FDCPA debt collector is governed by the statutory definition, not by any self-identification by the party.” Maddox v. Aldridge Pite, 5 LLP, No. 23-12853, 2024 WL 1475463 at *2 (11th Cir. 2024). The FDCPA gives a special definition to “debt collector.” The primary definition of a debt collector

is “any person who uses any instrumentality of interstate commerce or the mails in any business the principal purpose of which is the collection of any debts, or who regularly collects or attempts to collect, directly or indirectly, debts owed or due or asserted to be owed or due another.” 15 U.S.C.

§ 1692(a)(6).

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Harold G. Peart v. Thomas Shippie
345 F. App'x 384 (Eleventh Circuit, 2009)
Scheuer v. Rhodes
416 U.S. 232 (Supreme Court, 1974)
Bell Atlantic Corp. v. Twombly
550 U.S. 544 (Supreme Court, 2007)
Ashcroft v. Iqbal
556 U.S. 662 (Supreme Court, 2009)
Oppenheim v. I.C. System, Inc.
627 F.3d 833 (Eleventh Circuit, 2010)
Britt Green Trucking, Inc. v. FedEx National LTL, Inc.
511 F. App'x 848 (Eleventh Circuit, 2013)
Kent v. Harrison
467 So. 2d 1114 (District Court of Appeal of Florida, 1985)
Jews for Jesus, Inc. v. Rapp
997 So. 2d 1098 (Supreme Court of Florida, 2008)
Allstate Ins. Co. v. Ginsberg
863 So. 2d 156 (Supreme Court of Florida, 2003)
Oppenheim v. I.C. System, Inc.
695 F. Supp. 2d 1303 (M.D. Florida, 2010)
State, Office of the Attorney General v. Shapiro & Fishman, LLP
59 So. 3d 353 (District Court of Appeal of Florida, 2011)
Butler v. Yusem
44 So. 3d 102 (Supreme Court of Florida, 2010)
Rickman v. Precisionaire, Inc.
902 F. Supp. 232 (M.D. Florida, 1995)
Allan Campbell v. Air Jamaica LTD
760 F.3d 1165 (Eleventh Circuit, 2014)
Vito J. Fenello, Jr. v. Bank of America, NA
577 F. App'x 899 (Eleventh Circuit, 2014)

Cite This Page — Counsel Stack

Bluebook (online)
Zickafoose v. Upstart Network, Inc, Counsel Stack Legal Research, https://law.counselstack.com/opinion/zickafoose-v-upstart-network-inc-flmd-2025.