Litigation

Florida Structured Settlement Protection Act Stifles Kick Backs to Settlement Planner Vig Takers and Sets Example For Other States

Posted on May 15, 2008
The Florida Structured Settlement Protection Act (Section 626.99296) of the 2007 Florida Statutes at Section (2)(h) defines "independent financial advice" in such a way that puts a crimp in practice of certain of my industry brethren who think it appropriate...

"Take your stinking paws off me, you damned dirty ape! ...

Posted on May 14, 2008
The immortal words of George Taylor could be uttered today by the structured settlement industry and plaintiff lawyers to structured settlement aper , "cash now pusher" and American flag symbol abuser Patriot Settlement Resources. We have no alternative but to...

Structured Settlement Spammers Abusing Google. What Is Google Going To Do About These Parasites?

Posted on May 14, 2008
Two individuals, Mark Benedict Young and Felicitas Tan are spamming the same articles over and over again on the Internet. Spam Article: Structured Settlements From Lawsuits Mark Benedict Young May 10, 2008 (posted 3 times) Felicitas Tan May 10, 2008,...

Life Insurance When You've Got Medical Problems

Posted on May 14, 2008
Life insurance may be an important element of a settlement plan for personal injury recovery management when recovery involves a minor child or incapacitated adult, particularly if the parents are the primary caregivers. Life insurance can be used to finance...

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Patrick Hindert Called Out On The Carpet For Specifics

Posted on May 13, 2008
A few weeks ago I received an interesting call from author and factoring promoter Patrick Hindert, who is a member of both the National Structured Settlement Trade Association (NSSTA) and The Society of Settlement Planners (SSP). He wants to debate.....

House Investigation Into Plaintiff Lawyer Kickbacks on Class Action Cases?

Posted on May 11, 2008
Tulsa settlement planner Robert Risk's February 13th "man of class and grace", disgraced class action lawyer William Lerach, reports to Federal Prison on May 19, 2008 after pleading guilty to charges of criminal conspiracy in conjunction with a class action...

NASP President's Company Google Ad Nonsense

Posted on May 11, 2008
Is there anywhere on the ad below, that appeared in a Google Search for "Structured Settlements GA", that gives any indication that it is a structured settlement factoring company. Despite advertising to the contrary and unless it has changed its...

Marketing Spin Doesn't Cover Up The Fact That One Industry is Regulated and Requires Licensing and Advertising Standards and The Other INDUSTRY Doesn't

Posted on May 11, 2008
Cash Now Pusher Stone Street Capital has created a web page to try and position itself as being part of the structured settlement industry. Fakers eventually get exposed and here's an example with the impostor revealing language highlighted in blue.:...

What Is A Structured Annuity?

Posted on May 10, 2008
A structured annuity is a "longevity insurance" product that provides one or more fully customizable payment streams tied to the terms of a settlement agreement and release. Depending on the case, a qualified assignment, Court Order and proof of birth...

New Tool Helps YOU Take Control and Know When To Tell Peachtree Settlement Funding to "Shove Their Offer Up Their Ass"

Posted on May 10, 2008
The Structured Settlement Factoring Discount Rate Calculator puts cash strapped structured settlement recipients in control. A structured settlement factoring transaction is the source of cash of last resort for those structured settlement recipients who have exhausted all other options...

NATLE endorsed factoring company, Strategic Capital Added to "Cash Now Pushers" List

Posted on May 09, 2008
It has to be said...The factoring company that has been endorsed by the National Association of Trial Lawyer Executives (NATLE), Strategic Capital, is on the "cash now pusher" list. What an embarassment! Click here for the link to the NATLE...

AIG Posts Q1 Earnings Loss-Putting Things in Perspective for Structured Settlement Payees, Lawyers for Tort Victims and Parties in Litigation

Posted on May 08, 2008
I received a call today from an attorney who asked me what I thought about today's AIG announcement of its first quarter loss (see below). Let's look back a short while before coming back to May 8th. February 10, 2006...

Pressman Settlements Inartful Use of "Leverage" Helps Teach A Financial Literacy Lesson

Posted on May 08, 2008
One of my pet projects is helping to improve the financial literacy in my part of the world. One of my pet peeves is when "the teachers" sling financial jargon in a sales approach or advertising that on its face...

Professional Designations: SFSP Publishes White Paper

Posted on May 08, 2008
The growing concern on the part of regulatory agencies ? including the SEC, FINRA and the Senate Committee on Aging ? that unscrupulous advisors are using their credentials to take advantage of consumers. While much of the focus to date...

Stone Street Capital Shill Jason J. Noble's Got More Than One Creation "Out of Tune"

Posted on May 06, 2008
Add Jason J. Noble to the list of pay per posters and illiterati who sling crap to promote "cash now pusher" Stone Street Capital. In Sunday's Post "Structured Settlements Get Your Money!" Jason J. Noble is clearly sideways over the...

"Cash Now" Pusher Doing "Time" in "Red Sox Nation"

Posted on May 06, 2008
Sources tell us that "cash now" pusher, Peachtree Settlement Funding is "doing time" on WCRB 99.5 FM a classical music radio station in Boston. Apparently Peachtree Settlement Funding is flogging its pantagruelian discount rates to the discerning listeners...

Stone Street Capital Slips On Banana Peel with Massachusetts "Do Not Call List" Exposing Factoring Industry Business Practice?

Posted on May 06, 2008
One of our sources in Massachusetts told me this morning that he received a call from an Audrey Ismael (phonetic spelling) who said she represented Stone Street Capital, a "cash now" pusher. The stated purpose of the call by Ismael...

RAM Funding "Note Jobs" Join Structured Settlement Illiterati

Posted on May 06, 2008
Isn't the factoring industry ashamed to be filled with, or be associated (via pay per posters) with "illiterati"? Check this advertising slogan from the "note jobs" at RAM Funding (a/k/a The Factoring Butt Heads") "Sell your Structured Settlement Buyer to...

Special Education Proposal in Virginia Would Substantially Impact Parent Involvement in Decisions Involving Education of Children With Special Needs

Posted on May 06, 2008
According to a memo by the governor of Virginia, recently proposed regulations by the Virginia Department of Education (8 VAC 20-81-10 et seq.) would result in: 1. Elimination of parental consent prior to partial or complete termination of or changes...

Stone Street Capital Misinformed Shills Include "The Garden Gossip" and "Twitching Tomatoes"

Posted on May 05, 2008
A home based working mother (HBWM) is shilling for "cash now pusher" Stone Street Capital under the moniker of " The Garden Gossip" and " It's Crazy Delicious"-a/k/a twitching tomatoes. In this case the "HWBM" delivers a useless B.M.called "Structured...

Structured Settlements ARE Competitive With Bonds

Posted on May 05, 2008
Structured settlement annuity yields remain competitive to other alternatives, even in cases where there is no lifetime payout. Even if you don't need lifetime income, a fixed income investment may be part of, or may have been recommended to be...

Structured Settlements Guide Misinformation of The Day

Posted on May 04, 2008
Serial structured settlement misinformants (a/k/a the authors of Structured Settlements Guide- "the delusional guide to structured settlements") post in the Structured Settlements Guide today, a ditty about loans from "Senior LIfe Settlements". While Patrick Hindert may consider this an "overlapping...

RSP Designation Mischaracterized AGAIN by Fort Myers Elder Lawyer

Posted on May 04, 2008
At a time when a number of settlement consultants and elder lawyers are getting to know each other better for the mutual benefit of each other and those they serve it's critical that references to credentialing be accurate. I'm not...

Annuitant Dies But Beneficiary Is Dead... What Happens Now?

Posted on May 04, 2008
"What happens if beneficiary of death benefit on a structured settlement annuity is dead?" came the question. The question highlights why settlement planners, attorneys and plaintiffs must give some serious thought to the designation of beneficiary of structured settlement payments...

The Road To Structured Settlement "Illiteracy" Via Mark Benedict Young

Posted on May 04, 2008
Mark Benedict Young can be observed as the most prolific distributor of misinformation about structured settlements at the moment. Those that subscribe to Google alerts on "structured settlements" are subjected to multiple daily alerts containing this misinformation spammer's posts...

Clients First-IF Clients Really First Why Misinformation?

Posted on May 03, 2008
Factoring Company "Client First" is misinforming the public about structured settlements. Here are a few examples Client First Says In Its Glossary (5/2/2008): A qualified assignment agreement is "an assignment of the obligation to make future settlement payments which satisfies...

"Eggs Benedict Bung"- What an Oeuf!

Posted on May 02, 2008
Mark Benedict Young ("Eggs Benedict Bung") deserves a runny egg on his face for serving about useless tripe that purports to be about structured settlements called "A Few Things To Know About Structured Settlements from Lawsuits". First Profoundly Ridiculously Statement...

Court Denies "Financial Rape" of Tort Victim By "Cash Now Pusher"

Posted on May 02, 2008
Hot off the press! An alert southern US judge has denied a petition to sell structured settlement payment rights. The 23 year old tort victim attempted to sell 217 payments (18 years 1 month) of life contingent payments of $1,000...

"Relation Back Election QSF" Does your Settlement Planner Have Enough Errors and Omissions Coverage to Protect You and Your Client?

Posted on May 02, 2008
San Francisco tax attorney Robert W. Wood has penned an interesting article in the February/March 2008 edition Journal of Tax Practice and Procedure entitled "Electing 468B Trust Treatment for Lawyer Trust Accounts After Receiving Settlement Proceeds"...

Santa Fe Attorney Is Shining Example of How Not to Promote Yourself!

Posted on May 01, 2008
I received another solicitation letter from Santa Fe, NM and Nevada City, CA attorney C. William Sutherland dated April 21, 2008. As covered in my August 19, 2007 post attorney Sutherland once gave us all a business lesson on how...

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