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August 10, 2017

Lion Settlements Daniel Sears a/k/a Mark Foster, a "Lion Honest Thief" with Poached Egg on Face

by Structured Settlement Watchdog

Daniel Sears a/k/a Mark Foster apparently wasn't shy about admitting to stealing other people's deals by paying competitors' employees off, including a purported JG Wentworth employee who scored $445,000 in 2016  while still working at JG. Mark Foster is the alias used by Mark Sears who is now a Defendant in a lawsuit brought by Novation Funding LLC .  This was part of a Linkedin messaging exchange that occurred in May 2017.  Daniel Sears a/k/a Mark Foster's LinkedIn account has since been deleted.

 

Daniel Sears aka Mark Foster wants to steal deals May 2017

If Daniel Sears a/k/a Mark Foster was going after big companies honestly then why would he need to use an alias on Linkedin?  And why would Daniel Sears delete his LinkedIn account if he was doing nothing wrong?

The use of fake identities by fringe of the fringe players in the structured settlement secondary market is not a novelty.

  • Ryan Blank of Annuity Sold, JRR Funding and associated brands such as Einstein Structured Settlements was held out as Ryan Einstein, with a LLM law degree from Yale in various social media.  Ryan's company also used paid testimonials that were held out as real customers. 
  • David Springer, the Mt. Airy Faker, formerly of defunct Sovereign Funding Group assumed both male and female identities in various social media, including Linkedin, Facebook, Google Plus. The devious Springer endorsed himself on LinkedIn through the profiles of fake identities, was fraudulently promoted as a lawyer in a cheap promotional video and used the fake identities in listings with the Better Business Bureau. At one point Springer assumed the identity James Goldstein as who purported to have Yale law degree and a PhD. After a 4 day trial in August 2014, Springer was found liable by a Maryland Federal Court Judge to one of Springer's competitors when a decision was rendered in March 2015.

 

Posted at 08:34 AM in Einstein Structured Settlements Criticism, JG Wentworth Commentary, Novation Settlement Solutions | Novation Funding Commentary , Sovereign Funding Group | Critical Commentary, Structured Settlement Factoring News, Structured Settlement Watchdog® |

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  • Rated Ages and Structured Settlement Cost
    Rated Ages for Structured Settlement Annuities present advantages to all parties. Shift the mortality risk to a life insurance company whose business it it is to assess mortality risk to price its life insurance and annuities. Rated ages boost your structured settlement annuity benefit per premium dollar, or your yield on lifetime payments. Rated ages help to reduce the cost of funding a Medicare Set Aside arrangement where a Structured MSA, is being used { WCMSA LMSA or NFMSA].
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    Which life insurance companies issue structured settlement annuities in 2024? 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 and/or other Tier1 NAIC ratings, with links to their websites and other useful information. Last updated June 14, 2024
  • 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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  • Structured Settlement Payments | Types of Structured Settlements 2024
    Ways You Can Structure Your Settlement Payments in 2024. 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, index linked structured settlement payments and market based structured .
  • Structured Attorney Fees for Tax Deferral for Attorney 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 capped or uncapped index linked structured settlement annuities where payments are adjusted based on upside changes in the S&P 500 or another index, 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 in 2024.
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  • 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.
  • History of Structured Settlements
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  • What Are Market Based Structured Settlements?
    Market based structured settlements are an alternative or supplementary structured settlement solution for the plaintiff, attorney or law firm that: 1. Can afford to take some market risk 2. Have discretionary settlement dollars. Claimants and attorneys alike may find that market-based structured settlements provide the opportunity to receive tax-free income, or tax-deferred income, while enjoying growth potential.
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Qualified Settlement Funds

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  • Firmwide Qualified Settlement Funds Debunked
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