by Structured Settlement Watchdog®
Genex Capital Chief Operating Officer Boris Drubetsky has egg on his face now that Genex Capital has apparently had to disclose its ownership of the SSQ website in the footer of the website, apparently as part of a settlement with Woodbridge Structured Funding, which had accused Vancouver and Dover Delaware UPS store mailbox-based Genex Capital, Genex Strategies, Inc., and SSQ, of deceptive business practices in a lawsuit filed against the "Genex trio" in 2014.
It's certainly reasonable to ask what else did Boris Drubetsky lie about?
The above email was sent to me by Boris Drubetsky in response to a request made to correct in accuracies posted on the SSQ website, a vehicle shamelessly used by Genex Capital to brand jack competitors in the structured settlement factoring industry.
As for Genex Capital CEO Roger Proctor, he has a runny egg on his face for the misleading commentary in a November 27, 2013 do-it-yourself press release which fails to state the relationship between the relationship between the two (namely, the acquisition of the website from Andrew Cravenho)
"The result of this new partnership between structuredsettlement-quotes.com and Genex Capital's new Assured Annuity branch ensures access to the individual buyer market that, in turn, unlocks capital seeking fixed income investments...
When asked about the new partnership, Genex Capital's CEO, Roger Proctor, answered, "This is a win-win for everyone. I'm very enthusiastic to be working with SSQ, the leading secondary market annuity marketplace, to launch this new venture. It's very exciting and we look forward to a long relationship."
In my opinion, it's about time Genex Capital's denial and self promotion came out of the closet. The question is why they had to lie in the first place?
Woodbridge alleged in its complaint that the Structured Settlement Quotes (SSQ) website was "nothing more than a fraudulent and deceptive scheme designed to mislead and deceive consumers and benefit certain companies and persons, and in particular Genex Capital and persons associated with Genex Capital".
The BBB in the state that SSQ purports to be based in, no longer rates SSQ as of June 17, 2015.
Another website that has been previously exposed by us to be controlled by Genex, such as Quote Me a Price, now indicates that it is part of the Genex Capital Group.