by Structured Settlement Watchdog™
Serious questions have arisen about the academic credentials of employees of settlement purchaser Sovereign Funding Group and people that are held out as working for the company.
- Sovereign Funding Group executive James Goldstein did not attend Yale undergraduate or graduate school according to information obtained from the school May 28, 2013. The school was unable to locate either a degree or enrollment record for the subject of our verification request. Why does James Goldstein of Sovereign Funding advertise on Google Plus that he attended Yale?
- Sovereign Funding Group executive James Goldstein did not attend St Joseph High School in Santa Maria , CA according to information obtained by me directly from the Registrar of St. Joseph's High School May 29, 2013. The search period for the Christian school was pre-1997, accounting for someone currently mid-30s on up. Why does James Goldstein, an executive of Sovereign Funding misrepresent that he attended St. Joseph High Schoolin Santa Maria, CA, when he didn't?
- A mispelling of James Goldstein's name (James Golstein) was recently used in an apparent incomplete attempt to "paper over" a David Springer 2009 press release .
- James Goldstein's office for Sovereign Funding Group in Rockville MD, was exposed by us as a UPS mailbox rented by David Springer on June 13, 2012. After we exposed this in this forum, the Better Business Bureau report address for Sovereign Funding Group was changed to "address on file Mt. Airy, MD", the town where David Springer and Melissa Stoloff Springer reside"
Sovereign Funding Group associate James Spelling's academic credentials appear to be fake
- James Spelling is listed as in James Goldstein's circle on Google Plus. May 28, 2013
- James Spelling is listed as "works for Sovereign Funding" on his Google Plus May 28, 2013
- James Spelling Google Plus states that he attends Georgetown University May 28, 2013
- On May 29, 2013 information obtained from Georgetown confirms "the school was unable to locate either a degree or enrollment record for the subject of our verification request".
- Upon information and belief "James Spelling" is a pseudonym for David Springer that he used when a sales person for another factoring company for several years.
- To wit, on the StructuredSettlement-Quotes (Dot) Com website ( which we've already shown is associated with Genex Capital) is proudly displayed the following testimonial as of May 28, 2013 at 539pm
"I want to thank James Spelling and... for helping me cash out my annuity. I am very pleased with the customer service that I received on a daily basis. I hope I will not need to complete another transaction again, but if I do, I will be coming back to your company"
David Springer aliases?
- David Springer is also listed in James Goldstein's circle on Google Plus May 28, 2013
- James Goldstein has 8 people in his circle, 37.5% of whom may be David Springer ( David Springer, James Goldstein and James Spelling)
- David Springer and Sovereign Funding are embroiled in a lawsuit over alleged unfair trade practices,which they have denied and are defending.
On February 10, 2013 a "Greg Maynard" from Sovereign Funding publicly sought an expert in the Woodbridge v David Springer and Sovereign Funding case. Greg Maynard has now disappeared. Was he imaginary? The dude had a Linkedin profile and everything.
- Will Woodbridge Structured Funding subpoena James Goldstein to be deposed?
Why the Apparent David Springer aliases?
If James Spelling and James Goldstein are pseudonyms for David Springer one has to ask why would David Springer need to use aliases to conduct business with American citizens involving money?
Perhaps offering clues are some changes to David Springer's Google Plus profile that occurred in or about June 2012, after he was noticed by lawyers regarding a then pending legal action. Specifically David Springer's previous Google Plus profile listed a series of countries in the Carribbean in which he lived. Included among them were St. Kitts and Grenada. Download David Springer - Google+ from 5/2012
Google " David Springer and Larry Barnabe" and" David Springer Grenada". None of it is flattering stuff.
If Spelling and Goldstein were real people, what are the odds that two of those few who Springer associates with, are using what appear to be untruthful academic credentials to promote themselves?
The information that continues to unravel is both fascinating and startling at the same time.
Consider that this is the third instance in less than 6 months where the structured setlement watchodog has called into question academic credentials cited and/or promoted by members of the structured settlement secondary market that have not been supported by their claimed academic institutions. We previously lambasted what is believed to be an unrelated brand, Einstein Structured Settlements, for making the bogus claim that Ryan Einstein was an LLM and PhD from Yale and attended UCLA. Ryan Einstein turned out to be an alias and the person behind the pseudonym also did not graduate from Yale.
Is there any instance where it would be acceptable for anyone.or any business that interfaces with the public and provides financial products, financial services or advice to solicit business based on bogus academic credentials?