by Structured Settlement Watchdog
Here's more evidence that Mt. Airy, MD resident David Springer intentionally used fictitious characters (also known as "sock puppets") to promote his business, Sovereign Funding Group, which advertises that it purchases structured settlements. In the exhibit below we follow on yesterday's story about one of Springer's female personae Melanie Miller, who as you can see, is Google+1'd or liked by both James Spelling and David Springer. David Springer testified that James Spelling was David Springer. So essentially David Springer and David Springer like David Springer?!
As previously reported, David Springer repeatedly violated the terms of service of LinkedIn by creating multiple accounts and fake credentials for people that don't exist which were used to make fake endorsements. 10 months after admitting to the creation of said accounts in his June 28, 2013 deposition David Springer has not removed the fake profiles.
David Springer has even been falsely portrayed as a lawyer in Sovereign Funding advertising on YouTube.
Are consumers hurt or helped by the likes of a David Springer? In my opinion, the lack of regulations and enforceable ethical standards in the structured settlement secondary market enables bad apples like David Springer to exist. If licensing were required and punishment meted out as it is in other financial services industry segments, there would have been public notice of David Springer's deceptive acts, David Springer would likely have been heavily fined and/or suspended from practice.