Is a "Structured Settlement Registry" coming near you soon?
Maybe, considering that an individual with a Seneca One email address has just registered structuredsettlementregistry(dot)com on May 22, 2014, with GoDaddy.
Let's nip this structured settlement secondary market scam in the bud consumers:
- Despite the official sounding term, there is no structured settlement registry. This appears to be a putative phishing scheme hatched by Seneca One, a Bethesda MD based cash now pusher, and member of the National Association of Settlement Purchasers at the time of publication, to obtain your private information.
- You do not have to register your structured settlement anywhere. So don't.
- Keep your structured settlement information to yourself unless you enjoy being bothered with loads of unsolicited mailers and phone calls.
- Steer clear of any website that includes the label structured settlement registry.
The Structured Settlement Watchdog® will continue to monitor the situation.
- Efforts by any secondary market company to generate leads using official sounding bogus entities will be "torpedoed".
- There should be no tolerance for it, in my opinion. Any research that we develop will be turned over to states' attorneys general and the Federal Trade Commission.