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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

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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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  • Treasury Funded Structured Settlements
    Treasury Funded Structured Settlements are a settlement option for the most conservative using the OTHER permissible qualified funding asset under IRC 130(d), United States Treasury Bonds in addition to, or instead of, structured settlement annuities. Treasury Funded Structured Settlements can also be used to fund installment sales, also known as structured sales and other non qualified structured settlements.
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    Use the Taxable Equivalent Yield chart to help compare the Internal Rate of Return (IRR) of a structured settlement to other alternative or complementary investments. Need help with the chart? Call 4structures.com® LLC at 888-325-8640
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    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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  • Structured Settlement Quote Lock-Ins | What You Need To Know
    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
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  • What is a Qualified Settlement Fund?
    Qualified Settlement Funds | What You Need to Know
  • Firmwide Qualified Settlement Funds Debunked
    Firmwide qualified settlement funds have been heavily promoted to trial lawyers, but have been debunked in a detailed analysis in a July 2022 legal opinion a tax partner at the law firm of Faegre Drinker Biddle & Reath, LLP. Trial lawyers and firms who have established Firmwide QSFs or coinsidering establishing a Firmwide QSF should read the analysis as part of their evaluation.

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Structured Settlement Best Practices Corner

  • 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
  • When it comes to settlement documents it is the ultimate responsibility of the lawyers or claims adjusters who receive input concerning the structured settlement aspects of the documents to actually read the entire document, exercise independent thought and advise their clients properly
  • Be aware that financial advisors use of testimonials is prohibited or restricted
  • 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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