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February 22, 2010

Ex-Manager's Effort to Shake Down Peachtree Doesn't Bear Fruit

by Structured Settlement Watchdog®

Former Peachtree Settlement Funding "manager", Christian Palombi, 40, of 3-D West Gate Lane, Boynton Beach, Florida was arrested and charged with one count of extortion as the Palm Beach County cash now for structured settlement "financial cess pool" has churned out a new piece of notoriety. 

Peachtree Settlement Funding "caters to people seeking to sell structured settlement payments, annuity payments, life insurance policies, lottery prize payments, sweepstakes awards, and sports contract payments'' and provides ``cash advances to people with pending personal injury claims.''. They have been a frequent target of the structured settlement watchdog for false advertising associated with "Cash now".

Palombi made a $10 million demand on Jan. 21 through Peachtree's attorneys Greenberg Traurig.  He also sought an apology and the termination of his non-compete agreement. He threatened to share information about the company and its customers with the Internal Revenue Service if his demands were not met and gave the attorneys a Feb. 18 deadline to comply, according to the arrest affidavit.

Palombi apparently had symptoms of  "Shaken Tree Syndrome" when he appeared at the Greenberg Traurig offices in Miami with two boxes of documents and a laptop computer to meet with the two attorneys. There he encountered Miami-Dade investigators, who arrested him and took Palombi for questioning..

 

Posted at 11:38 AM in Boca Raton Florida Structured Settlements, Boynton Beach Structured Settlements, Palm Beach Structured Settlements, Peachtree Settlement Funding, Structured Settlement Factoring News, Structured Settlement Watchdog® |

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Comments

damon

Get your facts straight. I was working there when Christian was terminated and he was NEVER a manager of any kind. The rest of the story is true... he did steal company data and tried to blackmail the company to get it back.

Posted by: damon | November 09, 2010 at 09:30 PM

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