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September 11, 2008

Paid "Misinformant" Chris Padgett on "Structured Settlements For Lottery Winners"

by Structured Settlement Watchdog

Add Chris Padgett to the ranks of Structured Settlement Iliterati that willingly misinform consumers about structured settlements for money.

In a post entitled "Structured Settlements For Lottery Winners"  paid "misinformant" Chris Padgett says "Structured Settlements is a way to get all the money that is due to you from your lottery winnings. Most lottery winners are just happy to win at the time and never really stop to think about the way they will receive their payments over time for winning the lottery".  The statement is utterly false because:

  1. Lottery winners do not receive structured settlements
  2. What Chris Padgett says is a structured settlement IS NOT a structured settlement.
  3. Each instance of the words in " structured settlements" in the post is hyperlinked to the website of "cash now pusher" Stone Street Capital.
  4. Stone Street Capital does not create structured settlements as the post implies through the link.
  5. Stone Street Capital is a factoring company. They do factoring transactions
  6. Despite what is falsely represented by  Chris Padgett, lottery winners CANNOT " get all of the money due them from their lottery winnings" through structured settlements.
  7. Stone Street Capital CANNOT "give lottery winners all of the money due them from their lottery winnings"
  8. Usually after the plural of a noun one uses the word "are" NOT "is".Avatar0162





Chris Padgett's putative "reputation" as a "structured settlement expert" was cemented with posts on such subjects as:

  • Old Age Means Old Feet
  • Stand Up Dawg Nation
  • Rain May Be In the Forecast
  • Lap Band Surgery May Not Be The Answer

Chris Padgett discloses that his blog (i.e. Chris Padgett) accepts forms of cash advertising, sponsorship, paid insertions or other forms of compensation.

Chris Padgett further discloses that the compensation received may influence the advertising content, topics or posts made in his blog "My Favorite Blank". That content, advertising space or post may not always be identified as paid or sponsored content.

As part of our consumer advocacy effort we will continue to identify "pay per posters" who take financial incentives to report what is factually incorrect to consumers. It seems to be in public interest to continue to identify advertisers, like Stone Street Capital, who potentially receive a financial benefit from and do nothing about these individuals.

Posted at 10:18 AM in Cash Now Pushers | The "Cash Now Fix", Chris Padgett, Lottery , Misinformation about Structured Settlement Factoring, Misinformation About Structured Settlements, Stone Street Capital Commentary, Structured Settlement Watchdog®, Structured Settlements |

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Guide to Structured Settlements 2023

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    Treasury Funded Structured Settlements are a settlement option for the most conservative using the OTHER permissible qualified funding asset under IRC 130(d), United States Treasury Bonds in addition to, or instead of, structured settlement annuities. Treasury Funded Structured Settlements can also be used to fund installment sales, also known as structured sales and other non qualified structured settlements.
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  • What Are Structured Settlement Annuities?
    Structured settlement annuities are annuities that can provide one or more customized annuity payment streams in a single contract. Read about structured settlement annuities here.
  • History of Structured Settlements
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Qualified Settlement Funds

  • What is a Qualified Settlement Fund?
    Qualified Settlement Funds | What You Need to Know
  • Firmwide Qualified Settlement Funds Debunked
    Firmwide qualified settlement funds have been heavily promoted to trial lawyers, but have been debunked in a detailed analysis in a July 2022 legal opinion a tax partner at the law firm of Faegre Drinker Biddle & Reath, LLP. Trial lawyers and firms who have established Firmwide QSFs or coinsidering establishing a Firmwide QSF should read the analysis as part of their evaluation.

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