by Structured Settlement Watchdog
The member of the National Association of Settlement Purchasers must have thought he caught a whale, a guy with a big structured settlement paying seven figures over his life time. The NASP member ignored the fact that this individual was a New York resident and the case was a workers compensation case so the likelihood of judicial approval in New York was slim to none.
It was clear from speaking with this New York workers compensation structured settlement annuitant that forum shopping was on the cards because the issue of moving to another state came up. According to the annuitant, the NASP member was offering $700,000 for more than seven figures and then purportedly said if you go these guys (investment guys) they can double your money. Such talk if made by someone that was actually a licensed financial adviser (instead of a cash now for structured settlement "hustler" masquerading as one in an under-regulated business), such actions would be unlawful.
A much prettier version of "The Hustle" than what the NASP member was attempting
One wonders why these NASPy fools engage in shady business practices at a time when there is unprecedented negative publicity of bad business practices by members of their industry in the mainstream news media.
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