by Structured Settlement Watchdog
The muffin top runneth over at Annuity Sold. It has just emerged that Annuity Sold hired Brian Pettiford, the former Seneca One "annuity specialist", now
(confirmed by two sources) operating under the alias Mark Belford, was tagged with a $1.2 M judgment just two years ago and less than 6 years ago settled a lawsuit alleging his participation in a sham involving vulnerable homeowners.
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.
On May 10, 2009. The Sarasota Herald Tribune carried this story about funding issues for a real estate development in Puerto Rico that wasn't going as planned.
"Both Edwards and Brian Pettiford, a finance broker and Edwards associate who lives outside Washington, D.C., said Cacho had signed a deal with Trump to use the famous developer’s name in marketing". Eric Trump,the Trump Organization’s executive vice president of acquisitions and development, is quoted as saying "But if anyone is saying we were provided money for the project, or that we signed on, that couldn’t be further from the truth.”
Annuity Sold has had its share of problems lately
- False and misleading advertising that it was licensed in all 50 states
- Awful D+ rating by the Better Business Bureau, making Annuity Sold one of the worst rated structured settlement buyers.
- Annuity Sold employee sent documents in to a process server in a Rhode island case that turned out to be one case in a scam involving dozens of other cases orchestrated by another person associated with Annuity Sold, Richart Ruddie, a story that made the Washington Post and for which a non confidential monetary settlement was paid
- Richart Ruddie of Annuity Sold signed the check to pay for the process server in the Rhode Island scam case drawn on a bank account for a company that he and Annuity Sold principal Ryan William Blank were managing members, dissolved days before the scam unfolded.
- Annuity Sold continues to get dangerous website warnings from certain browsers.