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January 30, 2014

Add Spoofing to The Structured Settlement Secondary Market Woes

by Structured Settlement Watchdog

Apparently some desperadoes of the structured settlement secondary market are spoofing competitors, using their competitor's names in their marketing activities to circumvent telemarketimg laws.

In a October 2013 Better Business Bureau complaint,  initially directed against 123 Lump Sum, which was resolved to the customer's satisfaction , a consumer on the Do Not Call list was not amused when they received a telemarketing call.

123 Lump Sum responded (again to the customer's satisfaction) as follows:

"123LumpSum has been notified that other less reputable competitors may have used our name in some of their random calls and marketing activities and we are looking into those allegations" - See more at: http://www.bbb.org/south-east-florida/business-reviews/structured-settlement/123-lump-sum-in-hallandale-fl-92006565/complaints#sthash.KGyLJ9F5.dpuf
 
I previously reported about Caller ID spoofing after receiving reports that a seller received a sequence of calls from the same company from different area codes. 
 
Perhaps "Marcellus Wallace" was right and it's time to get together with some friends with a figurative "pair of pliers and a blow torch and get medieval on the asses" of those who would stoop to these depths.
 
If you are a member of the structured settlement secondary market and have evidence of telemarketing or website spoofing feel free to contact me.  The perpetrators need to be identified.
 
Members of Congress, attorneys for injured parties, attorneys general and the mainstream news media need to be informed of yet another activity of the secondary market's seedy underbelly who are encouraged like flies on roadkill due to a lack of market controls.

Posted at 09:23 PM in Factoring Company Bad Business Practices, Misinformation about Structured Settlement Factoring |

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Guide to Structured Settlements 2022

  • What is a Structured Settlement? What You Need to Know
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    How structured settlements work, including 4structures.com® LLC's super helpful structured settlement flow chart/diagram showing how structured settlements fit in with other settlement planning solutions.
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  • Structured Settlement Payments | Types of Structured Settlements
    Ways You Can Structure Your Settlement Payments. With a structured settlement you can have more than one type of payment in a single contract. Different types of structured settlement payments can be customized and combined to meet your needs on a stand-alone basis, or in conjunction with other financial products. Diversify your structured settlement, if you wish, by funding with more than one annuity issuer, with treasury funded structured settlements, index linked structured settlement payments and market based structured .
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    Structured attorney fees is a financial strategy that offers a unique way to defer taxes for lawyers and law firms. Lawyers CAN structure their legal fees even if the plaintiff doesn't structure their settlement. There are multiple ways to structure your attorney fees, such as the an index linked structured settlement where payments are adjusted based on upside changes in the S&P 500 with no downside and a cap of 5%. Trial Lawyers may also use a special deferred pay/deferred compensation arrangement, if market based returns returns are desired with no cap. Plan NOW for year end! Put structured attorney fee expert John Darer® on your settlement planning team.
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    What does a Structured Settlement Lock-In Mean? How do plaintiffs, defendants and insurers benefit from a structured settlement quote lock in when finalizing a settlement? How does the defendant/insurer/court benefit from using a structured settlement lock-in? Where to be careful when using structured settlement lock ins.
  • What Are Structured Settlement Annuities?
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  • History of Structured Settlements
    Tracing the roots of structured settlements history from 1918, when Congress exempted damages for personal injury or sickness from income tax, to the establishment of structured settlements as a core personal injury settlement planning tool to the present day.
  • What Are Market Based Structured Settlements?
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  • New York Insurance Advertising law requires the full name of the Insurer to be listed along with the city and state of the principal office. Stating that you represent these fine companies using Insurance company logos without the preceding information are also illegal
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  • Most states require that Testimonials represent the CURRENT opinion of the person who made the testimonial. Be prepared to back it up.
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