by Structured Settlement Watchdog®
True Vision Funding is a Bethesda Maryland based cash now pusher that mailed a check payable to the order of a Connecticut resident for $36,295.33 against a single lump sum due in 2022 for less than $25,000. I have a copy of the check mailed to the Connecticut resident in my possession. Fortunately the Connecticut resident had the good sense to contact me instead of having "blind faith" in True Vision.
The Connecticut resident's name was obviously scraped from a court record from a prior transaction 2 years ago with another company. True Vision Funding is soliciting Connecticut residents but does not appear to be registered with the Connecticut Secretary of State, according to a search performed today [see image below right].
If you choose to do business with a company that is not registered to do business in your state there are potentially costly legal consequences if things go wrong and you want to seek compensation.
For Connecticut residents and settlement purchasers soliciting, or seeking to solicit Connecticut residents, please see Connecticut General Statutes C.G.S. 33-921(d) " Transacting Business Without Authority".
Peering through the "contact lens"....
Who is True Vision Funding?
The Truevision.com domain was registered to Washington DC area resident Aji Eapen in November 2014 [ Source : Domain Tools] According to various social media spots Aji Eapen owns a construction company and was founder and CEO of Secured Horizon Settlements until recently, which upon information and belief was started by a group of former employees of Stone Street Capital and Seneca One Finance. According to our sources there was a falling out among the founders and Aji Eapen started True Vision Funding. Upon information and belief other former Secure Horizon Settlements are on board at True Vision Funding.
"80 Years of Combined Specific Industry Experience" for a company only in existence since January 13, 2015!
The dorky sum totaling of years of work experience to prop up the reputation of a company that has only been in existence since January 13, 2015**, is truly misleading.
Let's say you are going in for prostate surgery and Shaky Heights Urology advertises that their surgical team of 10 has over 80 years of "combined specific industry experience". You aren't going to listen to bunk from a doctor group that's handling your "junk" are you?
Well your financial security is no different. If things go wrong the only thing you could be left holding is what rhymes with bunk.
Eapen has not been in settlement purchasing that long, its legal counsel Sarah Vickery has not been a lawyer for very long (law school grad 2012), not to mention less than two years of "specific industry experience". The structured settlement factoring market segment has only been in existence for 25 or so years.
** Source: Maryland Secretary of State