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: Structured Settlements 4Real

Ignorant 18 Year Old Treats Structured Settlement Like American Express Points

By John Darer

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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 offered an 18 year old tort victim a European Bang and Olufsen Plasma TV,  which the 18 year old was convinced retails for $30,000, as an inducement to sell them ALL of his structured settlement payment rights to a lump sum of $180,000 in 10 years for $30,000 and the TV. The tort victim only needed $30,000 but was induced to sell rights to the entire payment due to the "give the kid a candy bar" predation tactics of Woodbridge.

Was the 18 year old trying to impress his girlfriend? The clueless 18 year old would have been better served by putting the $30,000 toward business school and learned that trading long term financial security for a depreciating asset that has a high risk of theft is probably not a wise move.

Full post as published by Structured Settlements 4Real on April 14, 2008 (boomark / email).

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