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October 27, 2016

Seneca One Finance Hiring Practices Are Creepy. One Employee Hired AFTER Indicted For Theft and Assault. Another In Financial Sham Suit When Hired.

by Structured Settlement Watchdog®

Seneca One Finance hired someone as "Annuity Specialist" who  was indicted for robbery, theft,malicious destruction of property and assault.  Some time later, Seneca One, a Bethesda MD based buyer of structured settlement payments sued the employee, Khojo Poole for theft and got a $1.2 million judgment in Orange County Florida and obtained execution in Maryland before settling in March 2015.

Another employee hired by Seneca One Finance was Brian Pettiford.  Brian Pettiford also got tagged with a  $1.2 M judgment like his colleague Poole.  Seneca One hired Brian Pettiford, despite at the time of his hiring his being named as a Defendant in a lawsuit filed May 14, 2010 in the District Court for the District of Columbia which detailed allegations of Pettiford's participation in a financial sham targeting vulnerable homeowners.

see Seneca One Finance Inc. v Pettiford   03C14013459 Circuit Court for Prince George's County - Civil System

 

 Download Seneca One FL Judgment Against Khojo Poole and Brian Pettiford

and Civil RICO case Cesar Day v DB Capital Group,Brian Pettiford et al.   Download Pettiford Defendant 2010 lawsuit, a shocking 64 page complaint, settled in September 2011.

"Defendants Pettiford and David Murrell, through the use of DB Capital, devised a sham product they entitled " Foreclosure Reversal Program, the purported purpose was to assist property owners in, or at risk of, foreclosure by finding a "credit investor" to conditionally purchase the property and pay off the existing loans/liens encumbering same.... In reality the purpose and effect of the DB Capital Foreclosure Reversal Program was to identify and induce property owners,in foreclosure or at risk of foreclosure, to transfer title to their homes and investment properties for the sole purpose of acquiring, and using for their own unlawful gain,the significant equity in such properties.

Defendants Brian Pettiford, David Murrell...., attracted potential victims through the use of an entity they formed, Defendant, DB Capital. this entity advertised by use of various media including public air waves broadcast into the District of Columbia, Virginia and Maryland. Such advertisements fraudulently represented that it could assist individuals in foreclosure, or were having difficulty in making mortgage payments, acquire financing and save their homes".

Seneca One Misleads in Promoting Unlicensed individuals as "Annuity Specialists" October 7, 2016

Seneca One Finance Takes Liberty With Term "Annuity Speciallst" July 21, 2009

The Baltimore and Boca Raton Halloween parades will purportedly include someone dressed up as a creepy member of the National Association of Settlement Purchasers.  Alls Ghoul That Ends Hell!

Dog
Happy Halloween You Fun Ghouls

 

 

Posted at 03:24 PM in Bethesda Structured Settlements, Factoring Company Bad Business Practices, Maryland Cauldron of Deceit, National Association of Settlement Purchasers (NASP), Seneca One Commentary, Structured Settlement Factoring News, Structured Settlement Watchdog® |

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Guide to Structured Settlements 2021

  • What is a Structured Settlement? What You Need to Know
    What you need to know about structured settlements. General explanation of structured settlements, including the stable guaranteed income and favorable tax benefits that give structured settlements their "juice" and a helpful introductory video featuring 2021 A.M. Best Recommended structured settlement expert and Registered Settlement Planner John Darer® of 4structures.com® LLC
  • How Do Structured Settlements Work? Structured Settlement Diagram
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  • Rated Ages and Structured Settlement Cost
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  • Structured Settlement Annuity Companies 2021
    Which life insurance companies issue structured settlement annuities going into 2021? 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, 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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    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
  • 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 or even an index linked structured settlement.
  • 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.
  • Structured Settlement Annuity Company Customer Service Phone Numbers
    Receiving structured settlement payments from your own structured settlement or inherited structured settlement? You'll like this huge time saver. Click for a comprehensive list of customer service telephone numbers that includes both current AND former structured settlement annuity issuers and reinsurers. If you have simple bank or beneficiary changes, or if the insurance company that issued the structured annuity has merged, sold or spun off its block of structured annuity business (e.g. Aviva, Transamerica, AEGON, GE Capital, Liberty, CNA) or changed its name and you're trying to track them down, here you go! The list is regularly updated. Last update October 2020.
  • 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.

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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
  • When it comes to settlement documents it is the ultimate responsibility of the lawyers or claims adjusters who receive input concerning the structured settlement aspects of the documents to actually read the entire document, exercise independent thought and advise their clients properly
  • Be aware that financial advisors use of testimonials is prohibited or restricted
  • Most states require that Testimonials represent the CURRENT opinion of the person who made the testimonial. Be prepared to back it up.
  • Number of States That Prohibit Payment of QSF expenses by licensed agents and brokers
    5 Survey not yet complete.

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Why Take a Structured Settlement?

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