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November 18, 2015

JRR Funding Brand Einstein Structured Settlements' Credential Fraud Continues

by Structured Settlement Watchdog®

It's hard to take any brand associated with JRR Funding and structured settlements seriously

(e.g. Einstein Structured Settlements, Greenspring Funding, Edison Funding, AnnuitySold,  Sell-structured-settlement(dot)com)  since we uncovered their use of fake testimonials, JRR's use through one of its brands of fake BBB seals while concurrently referring to the BBB on another brand as a scam organization,  use of made for SEO fake seminars advertised in business journals and online newspapers and inaccurate content associated with one or more of these sites.

When will the JRR Funding brands' fraud stop?  JRR Funding, through their Einstein Structured Settlement property states that that they are "oftentimes called into lawsuit negotiations as a structured settlement consultant"

To wit, from the Einstein Structured Settlements website....

"Structural Settlement Consultant"

Oftentimes, I am called in to lawsuit negotiations as a structured settlement consultant. It becomes my job to clearly define the possibilities with such a settlement, and the options. The attorney’s for both sides will grasp at whatever helps their case, but I am always in the position that I must make sure the injured party understands everything that is being discussed".

  • As best I can tell,  based on being a member myself and familiarity with its membership, nobody employed with JRR Funding, or any of its web properties stated in this article, is a member of the National Structured Settlements Trade Association (NSSTA)
  • As best I can tell, based on being a CSSC myself, nobody employed with JRR Funding, or any of its web properties stated in this article, is a Certified Structured Settlement Consultant
  • As best I can tell, based on being an MSSC myself , nobody employed with JRR Funding, or any of its web properties stated in this article, is a Master Structured Settlement Consultant

Moreover, neither JRR Funding, nor any of its web properties stated in this article, is a member of the National Association of Settlement Purchasers, according to the NASP website.

JRR Funding promotes "website companies"  

"Website companies" are websites made to look as if they are real companies.One of them, Einstein Structured Settlements was a notable example of a purported company having using fake credentials and bought testimonials and paid video reviews.  Its founder, " Ryan Einstein'" (one of the pseudonyms for a Maryland based poker player and gold dealer Ryan Blank), was falsely promoted in late 2012 and early 2013 as a PhD and LLM from Yale University. Contact with the the Yale registrar's office proved the claim to be a complete fabrication, as was another reference regarding attendance at UCLA. Ryan Blank, graduated from a school in Charleston, SC. The Structured Settlement Watchdog® was able to determine that two video testimonials were posted at a time Einstein Structured Settlements had yet to do a deal, according to a conversation I had with Ryan Blank's father Barry Blank. They were later determined to be undisclosed paid reviews. One testimonial claimed that an annuitant raised money from the sale of her structured settlement to buy a Bentley and ocean front property in Miami. Anyone with knowledge of the Florida Structured Settlement Protection Act would have reason to be skeptical of such claims.  The supposed Hispanic client was later discovered by research, to be  a paid Fiverr actress named Fabiola, who uses the alias Pinkkoala.  For those not familiar with Fiverr, it is an online outsource platform where you pay $5 (or a very nominal amount of money) for "a la carte "web related services Unfortunately many folks are not knowledgeable and may therefore be vulnerable to the dreadful attempt by Einstein's ownership to influence consumers under false pretenses.  The behavior of those that control Einstein Structured Settlements is notable because they continually demonstrate no desire to correct the stunning level of inaccuracy on their websites.

A newer "website company" associated with Ryan Blank,  Annuitysold (dot)com has made the outrageous claim that the company is licensed and qualified in all 50 states to purchase annuity payments.  Simply not true. There is no such licensing or regulation of settlement purchasers.  There should be.

Postscript

An Annuity Sold email address was used to transmit filing papers to a process server in what was discovered to be one of a series of scam lawsuits in 2016. Richart Ruddie, Ryan Blank's Owings Mills high school chum and business associate with Annuity Sold was described by lawyer Paul Alan Levy of The Public Citizen Law Group as "the online operative who was most directly responsible for committing this fraud on the court", ended up having to pay restitution of more than $70,000 to settle and was subject to an investigation by the United States Attorney for the District of Rhode Island. A check drawn on a separate company account associated with Ryan Blank and Richart Ruddie, and signed by Ruddie as "Derek Ruddie", was used to pay the process server used in the scam.

 

Posted at 06:12 PM in Factoring Company Bad Business Practices, False Advertising Re Creating, Buying or Selling Structured Settlements, Owings Mills Structued Settlements, Structured Settlement Ethics Questions, Structured Settlement Factoring News, Structured Settlement Watchdog® |

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