by Structured Settlement Watchdog
Todd Dyer, the convicted Ponzi Schemer and money launderer that founded Income Stream Exchange in 2015 was sentenced on March 8, 2017 to 15 years in jail for new crimes that he was indicted for in 2015. Download Income Stream Exchange Founder Todd Dyer Sentenced to 15 years in jail Dyer also went by the names T Allen Dyer and Allen Dyer.
Income Stream XC burst on the scene in May 2015 with a website that appropriated and made misleading use of testimonials and media from the website and YouTube of the National Structured Settlement Trade Association (NSSTA), to promote the business of marketing structured settlement payment rights to investors.
The out of context use of testimonials of William T. Robinson, III, Esq., Hon. John Lewis, Civil Rights Leader and Congressman, Frank Reilly, Professor at University of Notre Dame and Kyle Greene's father Roger Greene was just plain disingenuous. Labeled the testimony of these folks as " what they're saying", as if to imply that these folks endorsed the purchase of structured settlement payment rights by investors when they made them to encourage injury victims and their families to use structured settlements. Ironically Dyer's role was "Due Diligence and Risk Management". Just one month later Dyer was indicted on 21 counts of wire fraud, five counts of money laundering, and five counts of transporting funds obtained from fraud across state lines! [ see my July 17, 2015 post "Dyer Straits" for Structured Settlement Exchange Founder | Indicted by Grand Jury]
Cary Spivak of the Milwaukee Journal Sentinel has done an excellent job of chronicling Dyer's 26 years of criminal activity.
The now convicted Dyer is not the only felon with a rap sheet who has "graced" the structured settlement secondary market. The structured settlement secondary market's lack of licensing and regulatory controls over persons who solicit annuitants and investors is eventually going to really hurt some people.
Sentencing of Jose Manuel Camacho, Jr., the crooked Florida lawyer who represented several factoring companies and forged more than 100 structured settlement transfer documents in Broward County. Our sources say this should be happening by the end of March.