by Structured Settlement Watchdog
All Charles Bell did was enter into a piddly structured settlement factoring transaction with Peachtree and now the Queens New York resident is a defendant in a lawsuit by Peachtree's lawyers, whose former paralegal Thomas Rubino fabricated various fraudulent motions and Court Orders. Charles Bell's name and home address is displayed on the complaint for all to see. Charles Bell is not alone. The New York City law firm Paris & Chaikin, PLLC and its partners Jason L Paris and Ian M. Chaikin have sued a number of structured settlement annuitants as part of a third party complaint to recover money on behalf of its clients, the cash now pusher Peachtree, that Paris & Chaikin are now being sued for, because of the alleged criminal acts that their former paralegal Rubino has admitted to. So far Danielle Caswell one of the structured settlement annuitants sued by Paris & Chaikin et al. is contesting the third party action. Download Paris Chaikin complaint law firm sues annuitants
Paris & Chaikin is simply doing what it needs to do to mitigate its damages, but there is a very important lesson to be learned by anyone with a structured settlement that is considering selling structured settlement payments. The lawyer provided by the settlement purchaser represents the settlement purchaser and not the seller of structured settlement payment rights.
Another NASP member settlement purchaser not involved in the Paris & Chaikin mess, 123 Lump Sum, says on its website that 'settlement payment procedures incur legal fees among other charges associated with these sort of transactions. However, all fees that are implied are deducted from the lump sum payment total; no fees are charged upfront'. So the sellers pay the legal fees for a lawyer who when push comes to shove does not represent their best interests. Where is there a record that Portsmouth lawyer Steven Heretick objected to any one of the 11 structured settlement transfers (8 of which on behalf of Ft. Lauderdale based Structured Asset Funding/123 Lump Sum, or related entities) that he submitted to the Circuit Court in Portsmouth Virginia as not being in Terrence Taylor's best interest?