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December 10, 2015

Reliance Funding LLC Rises From the Access Funding Carcass in Chevy Chase

by Structured Settlement Watchdog® Reliance Funding LLC same address as Access Funding

Reliance Funding LLC appears to be the reincarnation of Access Funding LLC.  Why not?  What do you do when the world is out to get you over  the Maryland Attorney General and Washington Post allegations that you have victimized Baltimore lead paint structured settlement recipients and you're facing a storm of litigation?  Is your move to close down and open up under another name. Is that what's going on with Access Funding and Reliance Funding?

The needle of evidence is leaning in that direction for the company that buys structured settlements.  Here's what we know:

1. According to the Maryland Secretary of State, Reliance Funding, LLC is a Maryland LLC  formed October 15, 2015.

2. Here's how the Reliance Funding website was registered on November 1, 2015  [ Source: Domain Tools].  Funny thing,  it's the same address and suite number as Access Funding used,  6900 Wisconsin Ave. Suite 700 Chevy Chase, MD. To me its the sort of pratfall one would expect from "Chevy Chase".  They do not publish an address on their website and recently privately registered their domain perhaps hoping nobody would notice that there was a moment of clarity captured for eternity in the whois record.

3. Ms. Sheila Kohlhepp ,  the Registrant of the domain, is Operation Manager IT for Reliance, who lives in the same town as "that David Springer", primarily lists her Access Funding colleagues on her Google Plus profile.  Here she was listed as the office manager of Access Funding.  In the picture you can see that she is the Registrant for Reliance Funding LLC. 

4. Mark Gutierrez has been VP of Business Development for Reliance Funding LLC since October 2015 (when the domain was registered) and immediately prior to that he was National Director of Sales for Access Funding.  That's according to his Linkedin profile

5. Then there's Raffi Boghosian the CEO. I called the toll free number for Reliance Funding, spoke with Jason and was able to confirm that Raffi worked there.  Confirmed again by his LinkedIn profile.

6. According to the Better Business Bureau of Greater Mid-Atlantic Region Washington DC and areas of Virginia, Maryland, Pennsylvania and WV, Access Funding is no longer in business.  [ At least this BBB has their act together,  eh  BBB of Greater Maryland?]

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Posted at 05:59 PM in Baltimore Structured Settlements, Structured Settlement Factoring, Structured Settlement Factoring News |

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Guide to Structured Settlements 2022

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  • 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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    Use the Taxable Equivalent Yield chart to help compare the Internal Rate of Return (IRR) of a structured settlement to other alternative or complementary investments. Need help with the chart? Call 4structures.com® LLC at 888-325-8640
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    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 .
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    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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  • Structured Settlement Quote Lock-Ins | What You Need To Know
    What does a Structured Settlement Lock-In Mean? How do plaintiffs, defendants and insurers benefit from a structured settlement quote lock in when finalizing a settlement? How does the defendant/insurer/court benefit from using a structured settlement lock-in? Where to be careful when using structured settlement lock ins.
  • 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?
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Qualified Settlement Funds

  • What is a Qualified Settlement Fund?
    Qualified Settlement Funds | What You Need to Know
  • Firmwide Qualified Settlement Funds Debunked
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Structured Settlement Best Practices Corner

  • New York Insurance Advertising law requires the full name of the Insurer to be listed along with the city and state of the principal office. Stating that you represent these fine companies using Insurance company logos without the preceding information are also illegal
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