by Structured Settlement Watchdog®
More fraud from Einstein Structured Settlements. Make that two non-existent promotional stunts by the structured settlement secondary market's standard bearers in false advertising and deception.
Prior to the bogus Chicago Structured Settlement Planning Seminar promoted in Chicago Crains December 2014 (that I exposed as a fraud non-event earlier this year and tied to Einstein Structured Settlements, a JRR Funding brand), there was a promoted "San Francisco Structured Settlement Sale Seminar", advertised on SanJose.com as purportedly taking place on September 24, 2014 at 8pm in the "Structure store" at the Westfield Valley Fair Mall. I spoke to the manager of that store today and there was no such structured settlement sale event on that date.
The brand Structure, was incorporated into Express Men in 2000. The Express Men store at the address in question, sells men's clothing and is still open at 8pm serving its retail customers. according to the manager. The phone number (561)270^6159 in the bogus sell-structured-settlement ad resolves to getastructuredsettlement(dot)com** which is connected to fatlossbands(dot)com of which JRR Funding's Richart Ruddie is Vice-President and Registered Agent. [ Postscript March 2017 Read Reputation Management Fraudster Richart Ruddie Pays Up in Scam Slam, Plea Bargains in Criminal Case]
and I have evidence that apparently other structured settlement purchasers, including a member of NASP were inveigled in this "bollocks bolognaise" link baiting with another "seminar" in Dallas. Upon information and belief the NASP member in question used Rich Ruddie and Ryan Blank for its SEO until sometime earlier in 2015.
- Should legislators and regulators be looking at bogus advertising pitches discussing structured settlement investments?
- Should legislators and regulators be looking at companies that promote themselves with paid fake testimonials?
The likes of Ryan Blank and Rich Ruddie as well as others like them are enabled and emboldened by the lack of regulation of solicitation in the structured settlement secondary market. They are simply exploiting the regulatory chasm. Think about what one has to do to pitch investors in regulated financial products like securities. With structured settlement payment rights, just about any huckster can be an affiliate marketer.
** Postscript getastructuredsettlement(dot)com now redirects to einsteinstructuredsettlements(dot)com.