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Litigation

: Structured Settlements 4Real

A Holiday Treat From The Strategic Capital "Gin Mill"?

By John Darer

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Received this email from one of our readers in the structured settlement industry

"John:

Just got a letter from Strat Cap ("Dear XXXX") from its Director of Sales Tom Collins (How ironic!!!) wishing me a happy new year and telling me that if I have bills from the holidays, Strat-Cap will be happy to give me "options for today while keeping an eye on tomorrow." How nice of them!"

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The specious layer Strategic Capital benificence is easily peeled away and exposes "Tom Collins" for "Rob Roy". If you decided to sell some of your structured settlement payment rights the deal could not have been concluded in time for the holidays unless the transaction provided for a 40% excise tax, as structured settlement factoring transactions require a qualified court order to approve the transfer that would get you the dough to pay your bills.

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Strategic Capital is another factoring company which, upon information and belief, structured settlement brokers and settlement planners refer business to and pays structured settlement factoring vig. The company is also known for once offering an opportunity to win a trip to Hawaii for selling your structured settlement payment rights to it.Download strategic_capital_2005_win_trip_hawaii_to_structured_settlement_sellers.pdf .

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Who is getting paid structured settlement factoring vig from this company, that still implies through its advertisements (when you plug structured settlement quotes and your state into a search engine) that it provides free structured settlement quotes?

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***********Did the structured settlement brokers and settlement planners who refer factoring business and/or take structured settlement factoring vig this company know that Strategic Capital would be soliciting its referrals to hock their financial futures for Christmas?**************

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What is also just incredible is that the company is endorsed by and is an affinity partner of the National Association of Trial Lawyer Executives (NATLE).

*********Did NATLE and the lawyers who endorsed this company know that NATLE's affinity partner Strategic Capital would be soliciting tort victims to hock their financial futures for Christmas?*************

Full post as published by Structured Settlements 4Real on January 04, 2008 (boomark / email).