by Structured Settlement Watchdog
The horrors of the structured settlement secondary market are only partly known. The level of desperation in the structured settlement secondary market is and has been at unprecedented levels as displaced employees from larger companies set up shop and there are more ants at the picnic "chasing the crumbs". Consumers are getting hurt in the process by desperate actors. I'm not alone in my observations. My industry colleague John Bair, of Milestone Consulting in Buffalo, recently observed in the following published statement, "With zero regulatory oversight, the factoring industry (or secondary market industry) flourished by ripping off annuitants and paying pennies on the dollar for what is considered to be a very valuable investment asset".
The other day I published this post about a website called structuredsettlement.us(dot)com in which I criticized them for deliberately targeting Staten Island New York residents with wholly false and misleading information about structured settlements. In my criticism I clearly stated what was wrong and why and suggested that New York Attorney General and her staff should investigate structuredsettlement.us(dot)com and other structured settlement factoring companies who solicit New York residents under false pretenses. I made no ad hominem attacks. Click on the link and see for yourself.
Instead of an intelligent response, the best structuredsettlement.us could do was a baseless ad hominem attack on a complaint site containing easily disproved false statements about me. If what they said was true I could hold no professional license.
It's a pity that the trolls behind structuredsettlement.us(dot)com care more about an ad hominem attack than actually correcting the falsehoods that they are shoveling to New York residents on a regular basis to generate leads.The baseless ad hominem attack includes abject plagiarism, copying most of my copyrighted post about structuredsettlement.us(dot)com. There was no commentary.
In March 2017, structuredsettlement.us(dot)com was listed as a spam domain on StructuredSettlementSpam.com, a website which purports to "spaminate", filtering fake news about structured settlements.
The individual(s) behind structuredsettlements.us(dot)com have emboldened my effort to contact attorneys general in other states as well as New York to highlight how citizens of their states are being victimized or have the potential to be victimized by the likes of those behind structuredsettlement.us(dot)com and similar sites. Stay tuned for the white paper.
Those behind structuredsettlement.us(dot)com could well learn lessons from the disastrous structured settlement business failure of Owings MIlls fraudsters Richart Ruddie and Ryan Blank who saw their companies banned in Maryland for 7 years after a Maryland Attorney General investigation. Ruddie and Blank ran with a similar method of operation as structuredsettlement.us(dot)com does now.
Read about my pro-bono Structured Settlement Watchdog work.