by Structured Settlement Watchdog
What do structured settlement annuities have to do with "someone who violently sets upon another*"?
Ask Todd M. Lesk, the CEO of MJ Structured Settlement Annuities, Inc., whose business digs at 301 Yamato Rd Suite 3200 in Boca Raton, were the same suite in Boca Raton as Client First Settlement Funding, or Leonard Lesk in whose name the Florida corporate registration is held. See video below. I'll let Merriam Webster speak for itself here
Lesk was as big a promoter of structured settlement payment rights mislabeled as annuities to investors, as the "sausages" that "Grandpa" calls fingers in MJ Structured Settlement Annuities' video ad. Now the toll free number for MJ says it is out of service. From self-proclaimed "national industry leader" to dead phone line in 3 years.
Previous posts about Todd Lesk's MJ Structured Settlement Annuities
State insurance commissioners and the NAIC should makes note that Todd Lesk is yet another purveyor of structured settlement derivatives, mislabeled an annuities by a licensed insurance agent (in FL since 2002*), who has used state insurance guaranty funds as part of his sale pitch to investors. It was contained in a February 4, 2010 Powerpoint entitled "MJ Brochure" that was retrieved online. His "brochure" also misrepresents that life insurance companies that issue structured settlement annuities are (qualiified) assignment companies.
MJ Structured Settlement Annuities Lesk's company intentionally misrepresented in an August 2010 marketing piece that it was "the exclusive provider of Secondary Market Structured Settlements" and did not disclose that there is transaction risk associated with the purchase of structured settlement payment rights.
Another Todd Lesk blooper from the MJ brochure, "Can be purchased in a Self Directed Investment account for taxable advantages"
* Source: Florida Department of Financial Services