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:
- Lottery winners do not receive structured settlements
- What Chris Padgett says is a structured settlement IS NOT a structured settlement.
- Each instance of the words in " structured settlements" in the post is hyperlinked to the website of "cash now pusher" Stone Street Capital.
- Stone Street Capital does not create structured settlements as the post implies through the link.
- Stone Street Capital is a factoring company. They do factoring transactions
- 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.
- Stone Street Capital CANNOT "give lottery winners all of the money due them from their lottery winnings"
- Usually after the plural of a noun one uses the word "are" NOT "is".
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.