Litigation

"Hash Man" Reveals Peachtree Settlement Juicy Payout To Investors

By John Darer

Hasham Malik, Peachtree Settlement Funding's Chief Capital Markets Officer, discussing a renewal of a credit facility for lottery buy outs and said in today's press release:

'Given the dearth of liquidity in the capital markets, we are pleased that our credit partners continue to stand with us. Peachtree's lottery products are very strong assets as they are fully defeased by US Treasury zero coupon bonds held by the relevant state. Our lenders benefit from both the security of the asset as well as the generous yield, approximately twice the spread of a comparable municipal bond".

I guess we've proven that Peachtree cannot give you all your money now like they've falsely promised in their online advertising

Many of our readers are familiar with the "generous" yields of Peachtree Settlement Funding offerings at Mailk's  "hash bar". Yet what is never mentioned is that none of it seems to trickle down to the little guy.

Ha-shame! Ha-shame!

Gesundheit!

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