Litigation

Will "Scratch Off" Factoring Arrive At YOUR Local Bodega?

Posted on April 30, 2008
Got an itch? "Trust the experts at Patriot Settlement to help you through selling your annuities and get instant cash for your structured settlements" - so states "cash now" pusher-Patriot Settlement Resources, LLC Other "patriotic" quotes "It is obviously good...

Structured Settlement Industry Websites-April 2008 Traffic Rankings

Posted on April 29, 2008
Three Month Trailing Top 10 Traffic Rank (Alexa Rank as of 04/29/2008) of Structured Settlement and Settllement Planning Industry websites* (+ or- traffic from 03/30/2008 report) Who Are Ya? Beyond Structured Settlements Blog (Pat Hindert) 526,185+ Structured Settlements 4Real Blog...

Hedge Funds and Structured Settlements

Posted on April 27, 2008
It's no secret that hedge funds are direct purchasers of structured settlement payment rights and/or securitizations of structured settlement payment rights issued by factoring companies or their holding companies. By lumping structured settlements in with the stinko "investment d'annee", real...

Flusche This! Phi Beta Kappa Leaves "Floater"

Posted on April 26, 2008
Fredricksburg VIrginia lawyer Andrew Flusche, a Phi Beta Kappa and graduate of the University of Virginia School of Law apparently believes the fallacy that you can be awarded a structured settlement. The Sole practitioner and Staff attorney at American Life...

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Down on "The Farm" S2KM Blog Sprouts Spam Daisies

Posted on April 26, 2008
Before I enter the full debate with factoring promoter Patrick Hindert on his comments about the NSSTA meeting and the future of the structured settlement industry, I would like to focus on his question of NSSTA members abilty to use...

Will New AM Best Rating Methodology on Structured Settlements STOP Discount Rate Gouging By "Cash Now" Pushers?

Posted on April 26, 2008
DealFlow media reported on April 25, 2008 that A.M. Best is "four to eight weeks away from publishing a new methodology for the rating of structured settlements, which will address the securitization of asset-backed securities involving pools of structured settlements...

Settlement Planner's Credential Hype is Misleading

Posted on April 26, 2008
A member of the bar and a settlement planner has claimed in advertising legal and insurance services that he is "board certified" by the National Structured Settlement Trade Association and that "he earned his "board certification" and the designation of...

Have You Sold Your Structured Settlement and Later Regretted It?

Posted on April 25, 2008
Have you sold, or do you have a loved one who has sold, all or a portion of a structured settlement and later regretted it? If you have, would you like to help others not make the same mistake? Structured...

"Cash Now" Pushers List Additions/Deletions w/e April 25, 2008

Posted on April 25, 2008
Additions Prosperity Partners Oasis Legal Finance Cascade Funding Sovereign Funding Fairfund Financial Inc. Deletions NONE For the complete "cash now" pushers list and the article "Cash Now -The New Crack?" please click here

Structured Settlements Guide Misinformation of The Day

Posted on April 25, 2008
Structured Settlements Guide Misinformation-1 Structured Settlement: "If you were involved in an accident at work, been involved in an automobile accident, or a wrongful death case and won that lawsuit then you were awarded a settlement. If the amount was...

Allstate Cos. Florida Suspension No EFFECT ON STRUCTURED SETTLEMENTS

Posted on April 24, 2008
DealFlow Media reported on its Structured Settlements Wire last Tuesday that the insurance commissioner in the state of Florida has announced that he will resume the suspension of the Allstate Cos. to write new business in the state until the...

Why Do Some Structured Settlement Brokers Still Appear To Contravene New York Insurance Advertising Law

Posted on April 24, 2008
The New York Insurance Department through its Office of General Counsel made it clear in a January 7, 2008 opinion (click here for my January 29, 2008 report) that an insurance agent or broker MAY NOT Make reference to an...

Structured Settlements Guide Misinformation of the Day

Posted on April 23, 2008
"In simple words, a structured settlement annuity can be considered as a lump sum that would be paid in exchange for a periodic payment". Add this false and uneducated statement to the list of those that appear in Structured Settlements...

Factoring Company "Servicing" of Structured Settlements-Thought Leaders Butt Heads

Posted on April 23, 2008
Matt Bracy of Settlement Capital Corporation and Andrew Cravenho of the Settlement Quotes Factoring Exchange are at odds on the issue of "servicing" structured settlement payments by factoring companies. Bracy does not appear to completely address the entire issue in...

Patriot Settlement Resources Uses Better Business Bureau and American Flag to Perpetuate "Cash Now" Fraud on Consumers

Posted on April 23, 2008
In the simplest terms, fraud occurs when someone knowingly lies to obtain benefit or advantage. Assuming this definition, "cash now" pusher Patriot Settlement Resources, LLC appears to perpetuate a fraud on consumers in a commercial in which it promises to...

2008 NSSTA Annual Meeting

Posted on April 23, 2008
The National Structured Settlement Trade Association (NSSTA) hosted its 2008 Annual Meeting at the Hilton Torrey Pines Resort La Jolla, California on April 16-19. Approximately 250 persons attended. Those that attended were treated to an interesting program which included: The...

Factoring Industry Thought Leader Gets It-Why Don't JG Wentworth, Peachtree, Rapid, Stone Street, Woodbridge Investments and the Rest of the "Cash Now Pushers"?

Posted on April 21, 2008
Factoring industry thought leader, Andrew Cravenho of the Settlement Quotes Factoring Exchange gets It. Why Don't JG Wentworth, Peachtree, Rapid Settlements, Stone Street Capital, Woodbridge Investments and the rest of the "Cash Now Pushers"? Cravenho has penned "What is the...

The Structured Settlements Guide Stink Cloud

Posted on April 21, 2008
Structured Settlements Guide your online "delusional" guide to structured settlements is the latest Google Adsense Carpet Bomber to stink up the structured settlement space with the most potent form of kaka. Check this out. According to the anonymous lightweights whose...

Student Loan Crisis

Posted on April 21, 2008
Sallie Mae says it cannot write money-losing student loans indefinitely. "Today's environment is the most difficult we have seen in our 35-year history of student lending," Sallie Mae CEO Albert Lord, quoted in Thursday's 5 Minute Report by Agora Publishing...

Perception IS Reality

Posted on April 18, 2008
Very often - when professionals are involved in daily dealings with both competitors and colleagues, perception overrides and rewrites reality. We may perceive one approach, one associate or one corporation being better than another; however, the reality may be that,...

Lack of Regulation Empowers San Diego SEO Agency Participation in "Cash Now" Scheme

Posted on April 15, 2008
As one dig deeper into the "cash now " web of deceit s one learns that the scheme goes beyond factoring companies to search engine optimizers and internet ad agencies. Consider the website Instantlumpsum.com. According to Cool Whois (Download instantlumpsum_domain_registration_from_whois...

"Cash Now"-The New Crack?

Posted on April 15, 2008
Structured Settlements 4Real has introduced a new Wall of Shame, a published list of "Cash Now" Pushers. Read "Cash Now" -The New Crack? by clicking on the title in blue.

Like "Cash Now" The "Lump Sum Structured Settlement Process" Baseless Marketing Ploy

Posted on April 15, 2008
"Cash Now" pusher Stone Street Capital is now promoting what it calls the "Lump Sum Structured Settlement Process" on its corporate website. A structured settlement is clearly defined in the Internal Revenue Code at IRC 5891(c)(1). The structured settlement process...

2008 NSSTA Board Candidates on Factoring

Posted on April 14, 2008
As expected this year's NSSTA Board candidates raise the factoring issue. Larry Niemi suggests that he would strive to address the plaintiff and defense bars on every occasion possible, but states nothing specific in his campaign letter. Robin Young-Ellis suggests...

What Double the Industry Norm Factoring Discount Rates Gets You

Posted on April 14, 2008
Offices of Peachtree Settlement Funding http://www.acatalent.com/online/peachtree/photos/new%20office/new01.jpg Res Ipsa Loquitur

Ignorant 18 Year Old Treats Structured Settlement Like American Express Points

Posted on April 14, 2008
Ignorant tort victims are treating their structured settlements like American Express points that they can trade in for goodies,thanks to Bob Shapiro and Woodbridge Investments, LLC and their predation catalog of consumer goods. According to our sources Woodbridge Investments recently...

Factoring Exchange Imposes Strict Standards for Funders

Posted on April 14, 2008
The Settlement Quotes, LLC factoring exchange has published standards for funders who wish to participate on the exchange which has been growing in popularity. "Consistent Rate Standard: It is important that a company demonstrate competitive rates on every transaction they...

NSSTA Board and Candidates Should Come Prepared With Answers!

Posted on April 13, 2008
The open meetings of the National Structured Settlement Trade Association (NSSTA) in La Jolla should be juicy this year. NSSTA members are likely to ask the current board of directors what have they done to deal with the factoring issues...

Is "Cash Now" For Structured Settlements Pitch a FRAUD on Consumers?

Posted on April 13, 2008
The annoying television and internet ads by companies that purchase structured settlement payment rights have been inducing consumers with claims that the advertisers give them "cash now". The word "now", in the context used to induce consumers, clearly implies "at...

Misinformed "Edyfication" from Fort Myers

Posted on April 13, 2008
Today's Fort Myers News Press includes an interesting article by Fort Myers, FL elder law attorney William T. Edy, CELA, concerning Special Needs Trusts inspired by his attendance at the Academy of Special Needs Planners meeting in March. While the...

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