by Structured Settlement Watchdog®
This is an open letter to attorneys for tort victims, advocates for tort victims, attorneys general in the United States and the Federal Trade Commission.
For years tort victims have been subjected to cash now for structured settlement advertising. There has now been an admission from the Executive Director of the National Association of Settlement Purchasers (NASP), the same organization that lobbies Congress and state legislatures, that this advertising is not true:
In an interview with Mark Wahlstrom which was nationally broadcast on the Legal Broadcast Network (see first 1:20 minutes of the video below), the Executive Director of the trade association that represents cash now pushers JG Wentworth, Imperial Structured Settlements, Peachtree Settlement Funding, Woodbridge Investments, and others, makes comments which seem to make a very strong case that these companies' cash now advertising is a complete fraud.
"So It's Not Exactly Cash Now?" Mark Wahlstrom, the interviewer
"NO, IT'S CERTAINLY NOT! YOU'RE NOT GETTING A MONEY GRAM THE DAY AFTER!" NASP Executive Director. Earl Nesbitt, partner in the Dallas law firm of Nesbitt Vassar & McCown LLP
Does anyone need more compelling evidence than the testimony of an officer of the Court (who is the Executive Director of their trade association) that implies that the vultures who advertise "cash now"for structured settlements are lying to consumers?
How is it that we have truth in advertising laws that go unenforced when the most vulnerable of our society is affected? Before you put one of their representatives on your board of directors, elect someone associated with them to political office, or take their money for your general fund, trade association, or your campaign, just reflect that the evidence presented shows that they are lying to the tort victims and consumers who YOU are duty bound to protect. Some try to rationalize the fraud by stating that judges are ultimately looking out for the tort victim. That is however, AFTER the tort victim, your client, your ward, your charge, has been exposed to, teased by, solicited by and had hopes raised by the false advertising. Shouldn't these companies be sanctioned?