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.