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September 21, 2014

Genex Capital Another "Selfie" Endorsement?

by Structured Settlement Watchdog

Why would an enterprise like Vancouver's Genex Capital resort to endorsing itself?

Cash Future Payments is a domain that was first registered July 30, 2013, according to whois records. It is owned by Genex Capital Corporation according to its website today, yet the domain is owned by Genex Strategies, Inc., according to whois records. More on that in a following post.

On October 25, 2013  a listing for Cash Future Payments was created on structuresettlements(dot)org, a website owned by Oklahoma structure settlement broker Robert Risk that includes a not very prominent settlement purchaser directory.   It is not clear at what time the directory listing was created but it would have to be before 1016am on October 25, 2013.  Why before 1016am you say? Please read on.

On October 25, 2013 at 10:16am, just minutes after the upload of the listing to Robert Risk's site, there is an entry from "Xavier Cantin" that is held out as a "review"for cashfuturepayments.  It is one of 3 reviews for Cash Future Payments within 2 months of the upload of the listing.  Yet no other company, including more recognized companies like JG Wentworth and Stone Street Capital (which had been listed at structuredsettlements.org for more than a year!) had any reviews at the time of posting on the obscure web directory. Virtually nobody has even heard of them and they get 3 reviews, one of which is a selfie?  On this showing, if the credibility of the cashfuturepayment reviews was a theme song,  the structured settlement watchdog would nominate  " Bad to the Bone".

Structuredsettlements.org appears to require some sort of registration process and that you have to be a "member"  to add or update listings.  The registration appears to include a website address of the reviewer's company.  If you mouse over the "review" by " Xavier Cantin" as I have (see image) you will see the URL for cash futurepayments(dot)com, denoting a link to the cashfuturepayments  website.

If you click on the link at the time of posting the link goes to the Genex Capital property. Note the "fingerpoint mouse over "Xavier Cantin" and what comes up when you do that,  in the lower left of photograph,  in the screenshot image below which was captured on September 21, 2014,

Furthermore a report of the inbound links from Ahrefs.com further verifies the existence of the link from a reliable recognized third party source. Cash Future Payments self endorsement

Cash Future Payments listing structuredsettlements dot org upload 10-25-2013

Other suspect "reviews" of Cash Future Payments. 

Yellow Pages.com, a Setptember, 2013 review claims  that somsone got a payout on their structured settlement from CashFuturePayments in a week. Considering structured settlement transfers require  judge to approve and all things considered in the transfer process, the review seems suspect. Indeed the Genex Capital website itself states that the process usually takes 6-8 weeks.

 

Posted at 05:48 PM in Factoring Company Bad Business Practices, False Advertising Re Creating, Buying or Selling Structured Settlements, Genex Capital Commentary, Structured Settlement Factoring, Structured Settlement Factoring News, Structured Settlement Transfers, Structured Settlement Watchdog®, Vancouver Structured Settlements |

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Guide to Structured Settlements 2023

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    Structured settlements and what you need to know about them including a helpful introductory video featuring 2023 A.M. Best Client Recommended Structured Settlement Expert and Registered Settlement Planner John Darer® of 4structures.com® LLC
  • How Do Structured Settlements Work? How Structured Settlements Work
    How structured settlements work, including 4structures.com LLC's super helpful structured settlement flow chart/diagram showing how structured settlements fit in on the spectrum of settlement planning solutions.
  • Rated Ages and Structured Settlement Cost
    Rated Ages for Structured Settlement Annuities present advantages to all parties. Shift the mortality risk to a life insurance company whose business it it is to assess mortality risk to price its life insurance and annuities. Rated ages boost your structured settlement annuity benefit per premium dollar, or your yield on lifetime payments. Rated ages help to reduce the cost of funding a Medicare Set Aside arrangement where a Structured MSA, is being used { WCMSA LMSA or NFMSA].
  • Structured Settlement Annuity Companies 2023
    Which life insurance companies issue structured settlement annuities going into 2023? A list of current structured annuity issuers, the location of their home offices and their financial ratings from A.M. Best, Moodys, Fitch, Standard & Poors and/or other Tier1 NAIC ratings, with links to their websites and other useful information.
  • 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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  • 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 .
  • Structured Attorney Fees for Tax Deferral for Contingency Fees
    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 Are Structured Settlement Annuities?
    Structured settlement annuities are annuities that can provide one or more customized annuity payment streams in a single contract. Read about structured settlement annuities here.
  • 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?
    Market based structured settlements are an alternative or supplementary structured settlement solution for the plaintiff, attorney or law firm that: 1. Can afford to take some market risk 2. Have discretionary settlement dollars. Claimants and attorneys alike may find that market-based structured settlements provide the opportunity to receive tax-free income, or tax-deferred income, while enjoying growth potential.
  • iStructure |Uncapped Fixed Index Structured Settlement Annuity
    iStructure is an innovative game changing fixed index structured settlement annuity for plaintiffs or attorneys. with an intermediate to long term horizon

Qualified Settlement Funds

  • 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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