Litigation

Woodbridge Investments Trick? Or Treat? HAPPY Halloween?

By John Darer

It's Halloween and "financial crack" dealer Woodbridge Investments' Chief Ghoul Scott Schwartz is offering structured settlement annuitants a treat, or is it a trick? The would be goblins at the Woodbridge Investments "pawn shop" freely admit that " economic paralysis has not yet taken place, but for many Americans watching the media, reading their newspapers, and not understanding wholly what has taken place in our country?s economy is enough to ring the bells of panic. So instead of educating and helping people understand Scott Schwartz and crew are taking advantage of the panic.

Woodbridge is advertising that annuitants are "selling their payment for top dollar today".Time for a dose of reality. First the dollars need to be discounted to present value, Woodbridge then needs to put in its opportunistic profit margin and then the whole transaction must be approved by a court pursuant to the majorty of states' structured settlement protection acts.

Full post as published by Structured Settlements 4Real on October 07, 2008 (boomark / email).