by Structured Settlement Watchdog
A structured settlement factoring company solicited a Bronx New York resident, knew that she lived in New York, sent notaries to New York to sign transfer documents for a transfer petition in Florida that the company said was OK using an old Florida ID with the New York resident's former address in Florida. When the annuitant questioned this the factoring company said it was OK. The structured settlement factoring company is not registered to do business in New York.
The soliciting company was just a website that poses as a company, the funding company was another name and Secretary of State records in the domicile state of the funding company show its authority was forfeited in 2016.
The New York resident is yet another minority New York resident targeted by a structured settlement factoring company for forum shopping to Florida.
A plethora of dishonest and unethical structured settlement factoring companies, unlicensed and massively under-regulated predators, have induced minorities to commit fraud so that they will be looked at as complicit in bad deals should they contest them in the future. Made for a major news expose.
We continue to connect the dots.