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December 28, 2017

David Springer Ex Sovereign Funding CEO Now and Then | What Has Changed?

by Structured Settlement Watchdog

David Springer, the ex-CEO of defunct settlement purchasing intermediary Sovereign Funding Group,  filed a complaint last month with the Better Business Bureau over services allegedly not provided by H&R Block. Why should anyone care?

In his complaint Springer states

The first time that I used H&R Block back in 2007 I went into sticker shock when they charged me $450.00 to prepare the taxes for my small home business.

Yet in March 2007, Sovereign Funding Group, Springer "Home based business" stated the following on its website according to a contemporaneous screen shot:

"With over fifteen years of industry experience SFG has become a nationwide industry leader by offering higher payments and providing vastly superior customer service to our customers."    The way Springer describes it a decade later, begs the question of whether "a nationwide industry leader" is like the King of an industry of molecules in a demi-tasse teaspoon? Or was it really a leader of an industry?

The Mt. Airy Faker Revival  (a/k/a "The Shifting Sands Part Two")

Beginning In 2012, Springer provided and maintained fraudulent information with the Better Business Bureau of Greater Maryland, intentionally misrepresenting as names of officers of Sovereign Funding, individuals that, according to Springer's own legal testimony, did not exist. And this was all public facing to consumers. Made for, if anything. "entertaining" discovery in a lawsuit against Springer from 2011-2015 brought by a then competitor, and provided a backdrop to the "Maryland Cauldron of Deceit" in structured settlements that led to sweeping reforms.

2017 Current LinkedIn

  • Springer stated he worked at Robert Half from September 2011-2015
  • No mention of any law degree.  On October 6, 2011, Sovereign Funding posted an ad falsely promoting Springer as a lawyer
  • No mention of Sovereign Funding
  • States Amble Media CEO since 2015
  • No Mention of1st Guaranty Ads  2013-2016
  • No mention of Lifetime Capital Partners 2011-2012

2016 LinkedIn  includes Sovereign Funding  2006-2013 

  • No mention of Robert Half
  • Mentioned 1st Guaranty Ads  2013-2016
  • No mention of Lifetime Capital Partners 2011-2012

The 2012 Linked stated Sovereign Funding was from 2002!

Mentions Senior VP Lifetime Capital Partners also shows on MyLife.com

Talk about "whirly gigs"! Why can't David Springer just be honest about his job experience?

This material presented in this August 2016 blog underscores Springer's intention to deceive  Reputation Manipulation |  Mt Airy Faker Claims He Was Ripped Off By Vendor of Fake View and Like Generator.

 

 

 

 

Posted at 03:27 PM in Maryland Cauldron of Deceit, Mt Airy Structured Settlements, Sovereign Funding Group | Critical Commentary, Structured Settlement Factoring News, Structured Settlement Watchdog® |

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Guide to Structured Settlements 2025

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  • 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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    Use the Taxable Equivalent Yield chart to help compare the Internal Rate of Return (IRR) of a structured settlement to other alternative or complementary investments. Need help with the chart? Call 4structures.com® LLC at 888-325-8640
  • Structured Settlement Payments | Types of Structured Settlements 2025
    In 2025, you can structure your settlement payments in various ways. A structured settlement allows for multiple payment types within one agreement. You can tailor and merge different structured settlement payments to suit your individual needs, either alone or alongside other financial instruments. If desired, diversify your structured settlement by utilizing multiple annuity issuers, treasury-funded structured settlements, index-linked structured settlement payments, and market-based structured options.
  • Structured Attorney Fees for Tax Deferral for Attorney Contingency Fees
    Structured attorney fees offer a financial strategy that provides a unique method for deferring taxes for attorneys and their firms. Attorneys can structure or defer their legal fees independently of whether the plaintiff structures their settlement. There are various ways to structure attorney fees, including capped or uncapped index-linked structured settlement annuities with payments adjusted according to the S&P 500 or another index's positive changes. Trial lawyers might also opt for a special deferred payment/compensation arrangement if they seek market-based returns without a cap. As the year-end approaches, consider adding structured attorney fee specialist John Darer® to your settlement planning team for 2025.
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    Receiving structured settlement payments from your own structured settlement or inherited structured settlement? You'll like this huge time saver. Click the title for a link to a comprehensive list of customer service telephone numbers that includes both current AND former structured settlement annuity issuers and reinsurers. If you have simple bank or beneficiary changes, or if the insurance company that issued the structured annuity has merged, sold or spun off its block of structured annuity business (e.g. Aviva, Allstate, Transamerica, AEGON, GE Capital, Liberty, CNA, Confederation Life), oran annuity issuer has changed its name and you're trying to track them down. Here you go! The list is regularly updated. Last updated December 9, 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?
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  • iStructure |Uncapped Fixed Index Structured Settlement Annuity
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Qualified Settlement Funds

  • What is a Qualified Settlement Fund?
    Qualified Settlement Funds | What You Need to Know
  • Firmwide Qualified Settlement Funds Debunked
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