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The DRB Capital Crockchain | Twits Tweeting Sell Structured Settlements For School Supplies

by Structured Settlement Watchdog

DRB Capital, the "Lineman of the Bounty", has "unleashed" the concept of selling your structured settlement to pay for school supplies through a barrage of tweets in the last 24 hours.

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Source: DRB Capital Twitter Feed-retrieved 8-30-2018

Breaking down DRB Capital's money losing value proposition to its essential terms, DRB Capital implies that you should sell your stable tax free future structured settlement payments at a discount to buy lead pencils and other school supplies. Let's take a look at the cost of supplies from a leading discount school supply website.

Cost of School Supplies (Source: DiscountSchoolSupply.com)

• Washable chubby markers (8)  $3.37
• Set of 12 No. 2 pencils $2.38
• BIG bag of pom poms $15.67
• Elmer's Glue $1.99
• Chubby Crayons (200)  $38.91
• 24 kid size notebooks  $19.85
• 1,000 wiggly eyes $16.14
• Colored macaroni 2lbs $14.72
• 12 spiral notebooks $22.44

DRB Capital is ogling your structured settlement payments and it's crystal clear that selling your structured settlement payments to pay for school supplies is a very bad financial move.  Don't do it.

I felt inspired by DRB Capital's financial silliness to parody lyrics for your entertainment

DRB Capital | The Lineman of The Bounty  (to the tune of " Wichita Lineman")

They're the lineman of the bounty

And they drive the AIA

Searching Palm Beach and Broward County

For another cash now toad

 

Structured Settlement Buyer Novation Ventures LLC and its CEO John Marsano Named in Whistleblower Suit

by Structured Settlement Watchdog

Last November, James Viera and Bryann Cabral two former employees of structured settlement buyer Novation Ventures LLC, filed counterclaims against Novation Ventures LLC in a whistleblower action under Section 448.101 et seq of the Florida Statutes.

See Novation Ventures, LLC, a Florida Limited Liability Company, Plaintiff and Counter-Defendant v James Viera and Bryann Cabral, Defendants and Counter-Plaintiffs | James Viera and Bryann Cabral Plaintiffs v John Marsano, Defendant  Circuit Court 15th Judicial District in and for Palm Beach County, Florida Circuit Civil Division Case 2017CA00619XXXXMB

In their whistle blower counterclaims against Novation and John Marsano, Viera alleges that during Viera's employment with Novation, he observed various unethical and illegal conduct approved and encouraged by Novation's senior management.  (Counterclaim, pleadings #8).

Viera also alleges that the activities, policies and policies promulgated by Novation included among other things:

a. intentionally deceiving clients and potential clients about the tax implications of their accepting certain gifts from Novation contrary to the Florida Deceptive and Unfair Trade Practices Act and contrary to 18 U.S.C.1341, among other state and federal civil and criminal statutes and regulations proscribing such conduct;

b. creating an environment where employees felt compelled to continue working during times when they would not be paid, and otherwise demanding that employees work under conditions which h are contrary to the Fair Labor Standards Act and related federal regulations;

c. creating an environment to pressure, or directly moving potential clients against their will to new states in an effort to forum shop for courts that would be more friendly to approving the structured settlements prepared by Novation (Note: Novation is not involved with structured settlements only structured settlement factoring transactions.  The failure to make an accurate distinction is common by secondary market participants);

d. creating  fraudulent lotteries where certain of Novation's high-value clients were the pre-determined winners, contrary to 18 U.S.C. Section 1302 and its related regulations, and contrary to other state and federal civil and criminal statutes and regulations; and

e. misrepresented to courts that potential and active clients were residents of particular states when in fact those individuals were not, contrary to state and federal criminal laws respecting perjury and candor to the tribunal.

Viera alleges that he objected and refused to participate in the illegal activities, policies and practices (as set forth in the counterclaim and reproduced above, emphasis ours) and this led to the termination of his employment.

Allegations against Novation Funding underscore the risks of investing in structured settlement derivatives (often scam labelled secondary market annuities)

These very serious allegations against Novation, if proven, could lead to the vacating of structured settlement transfer orders and screw investors who bought Novation's deals.

List of Purported Novation DBAs

Many structured settlement factoring companies use DBAs to conceal their involvement in a deal to ward of poaching by competitors. Sometimes this is to the detriment of the seller. In the Cedric Martez Thomas financial rape case, Novation used the DBA 365 Advance Services and screwed then 21 year old Thomas out of more than $1.4 million in present value. Novation continues to fraudulently advertise that it pays maximum payouts.  And who was the Chief Revenue Officer at Novation at the time? John Marsano  (according to Marsano's public LinkedIn profile. Novation would have screwed Junior Matos too if not for an alert judge and The Negotiator Guys.

007 Bonds
2 The Rescue Lenders  
365 Advance Services
Acrospire, LLC
Alohombra
Alohomora
Atoni Pola, LLC
Avada Kedavra
Black Moscat
Buckeye Funding
Cross Roads
Debt Slasher Loans
Eisbock Funding, LLC
Encore Funding
Evariga
Go Lucky
GYMF
HHM Processing
LR Company III, LLC
Mead Receivables Trust
No More Waiting, LLC
Novation Capital, LLC
Novation Funding, LLC
Novation Holdings, LLC
Novation Settlement Solutions
Novation Ventures LLC
Obsidis Trust One
Obsidis Trust Two
Ovation Capitl
Pilsen Trust
Publik Haus
Shortest Drive, LLC
Spartan Auto Finance
Special Asset Placement Advisors, LLC
STB
Structured Receivables Company One, LLC
Sunflower Services
Sunny Sky
Sunshine State
VasaRama
WCL180
Yagua, LLC

Postscript:  Subsequent to the post it has been confirmed that John Marsano was replaced as CEO at Novation by Robin Shapiro, who formerly served in that role.  Shapiro notably admonished his industry peers about a "race to the bottom" at the National Association of Settlement Purchasers. Let's hope Robin Shapiro's reinstatement as CEO rights the ship at the hailing port.

 

 

 

 

 

What Are The Benefits of Restructuring? Black Square Financial's Shocking Response

by Structured Settlement Watchdog

Black Square Financial asks the leading question  "What are the benefits of restructuring?"

Black Square Financial says:

• Liquidity  Get access to funds immediately in case of an emergency or opportunity. Use the lump­ sum payout to fulfill your needs or apply to a means of generating growth and longevity
• Ownership Take control of your policy. Access funds as you need them and structure your policy in a way that benefits you the most.
• Peace of Mind Plan for large expenses such as mortgage or tuition payments. Make decisions based on your needs and expectations of financial obstacles for you and your family.

I called 866-356-5165  this morning and was told by Andrew Hoffman, one of the three owners of Black Square Financial, confirmed that "restructuring" is just " Going to court and getting a lump sum". I asked "do you mean a "structured settlement factoring transaction?" to which Hoffman confirmed yes.

Black Square Financial's restructuring is false and misleading advertising

Black Square Fallacy 1

Restructuring is a ruse folks.  Black Square Financial claim that you take control of your policy is total baloney.  Black Square's guaranteed money losing value proposition (the same as any structured settlement payment buyer) is to give you pennies on the dollar for your payments, not the policy. A structured settlement payment recipient does not own the annuity policy. You are not restructuring the annuity policy.  You are not restructuring anything.

Black Square Fallacy 2

Use the lump­ sum payout to fulfill your needs or apply to a means of generating growth and longevity

Translation:    Sell your structured settlement payments to Black Square Financial for pennies on the dollar and then invest.

Black Square makes no mention of the fact that you will need to earn back what they took from you, just to break even. When you're speaking of longevity risk, annuities are one of the best tools, whether you have it now or in the future.

Is Black Square Financial providing unlicensed financial planning advice?

Black Square Financial asks you to call and claims they can help cater the perfect plan for you?   Misdirection by "bollocks bolognaise" with some uplighting perhaps.

Black Square also says on its website "We want the opportunity to help you today and build a solid plan for your future".

Neither of Black Square Financial LLC's members Jarrod Freeborn, Jordan Freeborn or Andrew Hoffman show as registered with the SEC, or the State of Florida, as financial advisers

What standard of planning are representatives of Black Square Financial held accountable to?   Suitability, Fiduciary...what applies? 

Bear in mind a judge's thumbs up or down on a particular transaction does not necessarily speak to the conduct of companies like Black Square Financial. To wit...Judge Sweet's approval of the Cedric Martez Thomas case in Okeechobee County sanctioned Novation Funding's financial rape of the then 21 year old New York resident.

Does the act of selling your structured settlement for pennies on the dollar constitute a financial plan under ANY standard?

 

 

via GIPHY

The "plan" is that Black Square eats up your annuity payments. The question is only of the size of its appetite.

For further information of how true restructuring may work, supported by at least one IRS Private Letter Ruling please read my September 9, 2015 blog post Restructure from Annuity Issuer Could Avert Selling Structured Settlement

Annuity "Payment Services Department" Scam Robocaller from 561-518-9641 Called Me 4 Times today from Palm Coast Florida

by Structured Settlement Watchdog

Robocalling is alive and well in the structured settlement secondary market, at a time when Novation Funding is amidst settlement discussions with legal representatives of class action plaintiff Kevin Buja. 

Robocalls from annuity buyers suck

It seems like companies are loading up a person's phone numbers into the robo-dialer and then executing by calling one number and following up immediately after with a call to the alternate number

I received four robo phone calls from the same company, two on my office phone and two on my cell phone from the South Florida structured settlement factoring company that was offering cash for annuities.

First call

Here is a recording of the robocall I received on August 24, 2018 claiming to be from the "annuity payment services department"

I hit one for the call to my office phone from 561-518-9641 and the sleepyhead caller from Belle Terre, Florida that answered the call grunted hello as if he were a twenty something who had a little to much partying on Las Olas last night. Highly unprofessional and should have stayed in bed. I had to ask the person for the name of his company. The company he identified is a member of the National Association of Settlement Purchasers from South Florida, however the President of the identified company denied the company uses robo-dialers.

Second call  (within minutes of the first call)

The second call, this time to my cell phone, from the exact same number  561-518-9641, was similar in nature. When I  pressed one, the message said the caller was unavailable and to leave a message.  Ridiculous. Does any structured settlement buyer really expect to get a fish on the hook with such a lame experience?

It's bad enough that the best value proposition that sleepyhead grunter from Belle Terre, Florida is to free an annuitant from his/her stable income for pennies on the dollar, but to do so without being transparent from the outset is downright sleazy and unprofessional.

Third Call  (Afternoon today) from 561-518-9641 same as call number two to my business phone.

Fourth call  Second call of the day to my cell phone minutes from 561-518-9641 after call number three.  I speak to a Paul who admits that it was a robocaller and it was  a mistake and they would take me off the list.

 

 

 

 

 

As The Structured Settlement Factoring World Burns | CEO of Jacob Joseph & Associates Kobi Ribak is Arrested

by Structured Settlement Watchdog

As the Structured Settlement Factoring World Burns

The structured settlement secondary market soap opera continues as Kobi Ribak,  CEO of KR Taxi, LLC DBA Jacob Joseph & Associates  was jailed on August 22, 2018 for aggravated assault with a deadly weapon.   

Kobi Ribak's busted mugshot

Ribak, 49, of Delray Beach Florida, and formerly of BTG Advisors and Client First,  was also charged for property damage and criminal mischief stemming from a road rage incident. In 2011, after only 4 months, Ribak was discharged from Topeka Capital Markets. The SEC disclosure on the IAPD website states that there were allegations that "Mr. Ribak was distributing trading ideas without footnoting his sources implying the ideas were his own". 

Ribak is also facing a suit by DRB Capital LLC

Last year, DRB Capital filed suit against Jacob Joseph & Associates for tortious interference and violation of Florida's Deceptive and Unfair Trade Practice Act  (FDUPTA). After conducting some discovery, in July DRB Capital asked to amend the complaint so that Mr. Ribak is held personally liable for his involvement in JJ&A's unlawful conduct. In the suit, DRB Capital is seeking compensatory damages and will seek treble damages, attorney's fees and court costs as permitted by FDUPTA, as well as punitive damages, as appropriate.

Hendon Mobster Does Better At The Poker Table

Despite the hanging chad on his rap sheet, Ribak is quite the gambler. Here's how he compares to the Owings Mills punks (whose JRR Funding and related companies were banned in Maryland for 7 years from January 2018). in the structured settlement buyers who play Hendon Mob rogues gallery

Kobi Ribak     $174,279,  11,111th on all time money list

Ryan Blank     $ 73,546     24,229th on all time money list

Richart Ruddie   $   2,200      236,902nd all time money list

 

 

via GIPHY

AnFed is "Elmer Fudd" on Structured Settlements FAQ

by Structured Settlement Watchdog

Being an FDIC insured institution can't shield structured settlement consumers from AnFED Bank's contribution to the poo poo stew of financial illiteracy that plagues the structured settlement secondary market.

Here is where AnFED Bank is FUBAR on a very basic structured settlement fundamental:

Q. Do I have to pay tax on the lump sum of cash I receive from selling my structured settlement to AnFed Bank?

A. No. Pursuant to Internal Revenue Code Section 104(a)(2), court-ordered structured settlement assignments are tax free. Therefore, you will not have to pay tax on the lump sum of cash you receive for your structured settlement.    

AnFed Bank's structured settlements faq is silly wabbit because:

• IRC 104(a)(2) says nothing about assignments, let alone "court-ordered assignments" or structured settlements. It is simply a tax exemption for damages on account of personal physical injury or physical sickness
• The only place in the Internal Revenue Code where the word " structured settlement" appears is IRC 5891(c)(1). One would think that AnFed Bank would be fluent in the tax law that is fundamental to the the business of AnFed Bank, particularly when IRC 5891 imposes a 40% excise tax on the likes of AnFed Bank, if they do not comply with the tax law when buying annuitants' structured settlement payment rights.
• IRC 130 has to do with qualified assignments. The tax exclusion afforded by IRC 130 inures to benefit of the qualified assignment company when the structured settlement is first established.
• Qualified assignments are not the same as assignments of structured settlement payment rights to investors pursuant to a "qualified order" in a structured settlement factoring transaction.

                   AnFed gets the "AnFudd" Scalp Treatment

via GIPHY

Sell Any Annuity Nailed In "Find Best Possible Buyer" Scam | Phones Are Answered by CBC Settlement Funding

by Structured Settlement Watchdog

Sell Any Annuity's careless tweet exposes the fraud on structured settlement consumers. The tweet  (see below), which was posted on the Twitter feed of one of at least three websites that generates leads for CBC Settlement Funding, makes the false and wholly misleading claim that its mission is "to help you find the best possible buyer once you're ready to sell your #annuity or #structuredsettlement."

"Find a Best Possible Broker" Scam Made by Sell Any Annuity With A Sole Beneficiary

CBC Settlement Funding is not a company that I would recommend that structured settlement consumers patronize. CBC Settlement Funding, the longstanding beneficiary of questionable predatory advertising has been well documented. Earlier this month the predator lead generators for CBC, pitched annuitants with "Keep your eye on the prize" as if CBC Settlement Funding's money losing pennies on the dollar value proposition was a prize. Click on the link at the beginning of this paragraph to learn more.

Based on the specific dishonest business practices, that I've already documented, I smelled a rat.   I called the toll-free number on the tweet three times and CBC Settlement Funding states that it records the calls. That's great to document the calls and to confirm the Sell Any Annuity/CBC scam, all of which were all made around 6pm on Monday August 20, 2018. The first call was to confirm that it was CBC Settlement Funding.

The second call nobody answered

The third call was answered by someone named Mike from CBC Settlement Funding with whom I engaged in a purportedly recorded conversations about the tweet. I asked Mike if there was any other company besides CBC Settlement Funding (relating what was claimed in the tweet) and Mike confirmed that CBC Settlement Funding is the only company. I thanked Mike for his time, told him who I was and that I was speaking as structured settlement watchdog and said I know this call is being recorded so there is a permanent record which should be preserved.

Any judge considering a petition from CBC Settlement Funding should be aware of how CBC Settlement Funding generates leads for business. 

Res Ipsa Loquitur

 

US Court of Appeals Affirms Summary Judgment | USA Does Not Have To Fund ELNY Insolvency Shortfall

by John Darer CLU ChFC MSSC CeFT RSP CLTC

The United States Court of Appeals has decided that The United States DOES NOT have to make up an insurer shortfall to an annuitant 33 years after personal injury litigation was settled against the United States Department of the Army.

The original personal injury litigation involved a birthing injury sustained at a US Army Hospital in 1979. A compromise settlement included the purchase of 4 annuities all of which were placed with Executive Life Insurance Company of New York  (ELNY), which went into rehabilitation in 1992 and was eventually liquidated in 2013.

The Shaws filed suit against the government in the United States Court of Federal Claims (“Claims Court”) alleging a breach of their settlement agreement and seeking damages measured by the difference between the original payments and the reduced payments.

It's a hard "Nutt" to crack

The Claims Court found no breach and granted summary judgment in the government’s favor. Because the agreement did not make the government a guarantor of the annuity payments.

In its August 20, 2018 decision in KAREN L. SHAW, INDIVIDUALLY, AND KAREN L. SHAW, AS GUARDIAN OF THE PERSON OF RICHARD SCOTT SHAW, AN INCOMPETENT, RAYMOND A. SHAW, INDIVIDUALLY, Plaintiffs-Appellants v. UNITED STATES, Defendant-Appellee  2017-2136  Appeal from the United States Court of Federal Claims in No. 1:14-cv-00783-MMS, Judge Margaret M.Sweeney, the United States Court of Appeals concluded:

"Thus, the Shaws’ agreement, even more than the one at issue in Nutt, unambiguously cabined the government’s obligations to the initial lump-sum payments and the purchase of the annuity and did not obligate it to guarantee the future payments by the annuities. We reach this conclusion even in the absence of language, present in future payments will be paid. This minimum payout provides payments to the heirs of the now-dead payee Nutt, concerning the insurer’s rating and the government’s role in the event of the insurer’s default, which supported but was not necessary to the result in Nutt. See Nutt, 837 F.3d at 1298. Because the agreement is unambiguous in this respect, we need not consider the extrinsic evidence offered by the Shaws". Download Shaw - 49 - Affirmed (precedential) USCA 8-20-2018 #ELNY

Also citing to Nutt, in its decision in Trevor Langkamp v The United States  No. 15-764C  filed March 20, 2017,  which also cited to Nutt, the Court of Federal Claims concluded "that the plain language of the Settlement Agreement at issue in this dispute demonstrates that the government contracted to purchase annuities to make the future, periodic monthly and lump-sum payments required under that agreement.  The plain language of this agreement also demonstrates that the government did not unequivocally guarantee that it would make these payments in the event of a default by the annuity company.  And so, the undisputed material facts in this matter show that the government is not liable to plaintiff for the remaining annuity payments required under the agreement".Download 59 - Langkamp - Decision  #ELNY

 

 

"Plantiff" Has Endured for Two Centuries! | "Roots" Go Back to 19th Century

by Structured Settlement Watchdog

The Plantiff Phenomenon Has Legs

A Google search for "plantiff" draws 457,000 results! And it appears that few are immune. It really is amazing when you consider that the origins of "plantiff" stem  (ha ha) from Reverend John Lyon's 19th century "short account" of The history of the town and port of Dover and Dover Castle, Volume 1, where "plantiff" appeared on page 328, 13 times!

Plantiffs have appeared in some very important cases and discussions on social issues, the workplace, you name it

Some of the more amusing wince-inducing numbers that my research uncovered are as follows:

Plantiff legal definition of Plantiff - Legal Dictionary - TheFreeDictionary

https://legal-dictionary.thefreedictionary.com/Plantiff

1. Cached
2. Similar

plaintiff. n. the party who initiates a lawsuit by filing a complaint with the clerk of the court against the defendant(s) demanding damages, performance and/or court determination of rights. ( See: complaint, defendant, petitioner)

 

Timelines - Plantiff V Liggett Group | Inside The Tobacco Deal - PBS

https://www.pbs.org/wgbh/pages/frontline/shows/settlement/timelines/haines.html

1. Cached

Plantiff v. Liggett Group. TWO EXCERPTS from this critical case in which Judge Lee Sarokin suggested that the mountains of tobacco industry documents ..

What if plantiff don't show up for trial? - Lawyers.com

https://www.lawyers.com › Discuss Your Legal Issue › Ask a Lawyer › Criminal Law

1. Cached

Sep 25, 2012 - Typically charges will be dismissed. It may take 1-2 no shows but they will have a difficult time continuing case.

 

PLANTIFF IN PRAYER SUIT SAYS THE CASE HURT HIS CHILDREN ...

https://www.nytimes.com/.../plantiff-in-prayer-suit-says-the-case-hurt-his-children.html

Jun 5, 1985 - ''For me, the battle is over,'' Ishmael Jaffree said this morning after learning of the Supreme Court's ruling that struck down an Alabama law that 

 

Even CNN was in on Plantiffs in 2016...

 

 

2nd Circuit vacates sanction against plantiff's attorney. - NCBI

https://www.ncbi.nlm.nih.gov/pubmed/11366595

AIDS Policy Law. 1999 Jul 23;14(13):15. 2nd Circuit vacates sanction against plantiff's attorney. [No authors listed]. AIDS: The 2nd U.S. Circuit Court of Appeals 

 

Job Opportunities! for Plantiffs

 

legal secretary - civil litigation - plantiff - LinkedIn

https://www.linkedin.com/.../legal-secretary-civil-litigation-plantiff-at-vip-personnel%2C...

Jul 26, 2018 - Posted 20 days ago. Leading Legal Firm is willing to pay what it takes plus benefits.Professional with good verbal &am...See this and similar ...

 

On the job training for Plantiff Lawyers!

 

plantiff lawyer Flashcards | Quizlet

https://quizlet.com/30781122/plantiff-lawyer-flash-cards/

1. Cached

understanding the job and terms of a plantiff lawyer Learn with flashcards, games, and more — for free.

 

Errors and Omissions Insurance Available for Plaintiffs!

 

[PDF]plantiff litigation errors & omissions supplemental application

https://www.jsausa.com/?mdocs-file=4212

1. Cached

Plantff Litiigation Errors and Omissions Supplmenet application.  Please complete the following only if acting.....

 

Related reading

Plantiff at Dumbtionary

  

I am the plantiff in my case and my attorney ne - Q&A - Avvo

https://www.avvo.com › Legal Advice › Lawsuits and disputes › Advice

1. Cached

Apr 13, 2016 - There is no standard practice on the other side's deposition. I like to notify my client in advance, and give them a chance to attend, both because they may think ...

I'm being sued by plantiff for something happen

1 answer

Apr 8, 2018

Should I(the plantiff) have an attorney for mot

1 answer

Apr 29, 2016

Can a criminal case be dropped if the plantiff

1 answer

Apr 24, 2016

Plantiff in a child support case doesn't show u

1 answer

Apr 7, 2016

More results from www.avvo.com

 

 

 

 

 

 

 

 

 

 

Awarded a Settlement Vortex Sucks in News Organizations, Law Firms, Finance Textbooks, Settlement Planners

by Structured Settlement Watchdog

The awarded a structured settlement vortex is almost as viral as the "Plantiff" phenomenon. But the former is a fundamental conceptual flaw, while the latter is a careless funny typo. 

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What is astounding is the volume of people, that should be in the know, that are sucked into making the case for something that is not.

A Head Rattling Baker's Dozen of Awarded a Settlement "Boo Boos" 

1. Atlanta Journal Constitution has it really twisted with a title that says Georgia rape victim speaks about $1B Verdict and then in the same article says "a  rape victim was awarded a $1 billion settlement verdict"  May 23, 2018. A settlement verdict?
2. NBC News 26  " Florida Man Awarded a Settlement After Police Mistake Doughnut Glaze for Meth  October 15, 2017
3. Forbes' Tony Nitti takes two steps forward and three steps back with "In general, if you sue somebody and either win the suit or negotiate a settlement, your award is fully taxable under Section 61"  May 3, 2016
4. Chegg Study " You have been awarded a settlement of $12,000 per year for the next six years.. The fair rate is 9%. I offer to pay you $52000 for it now. Should you sell it?"   From A company that provides textbook solutions whose tag line is study smarter not harder. 
5. Los Angeles personal injury law firm describing how the settlement process works in a personal injury case  " When you are awarded a settlement in a personal injury case..."  April 23, 2016 still posted on firm's website
6. Settlement Planner "A Special Needs Trust may allow a disabled individual who has been awarded a settlement"  January 24, 2017
7. Same Settlement Planner " For example, if you are awarded a settlement of $350,000, but place it in a structured settlement annuity..." January 26, 2017
8. DRB Capital LLC factoring Company " When the claimant is found to have proved their case, they are typically awarded a settlement in cash terms" 
9. DRB Capital LLC has itself really twisted up here "If you’ve won a structured settlement in a lawsuit against an insurance company, then there are a lot of things that the courts will allow you to do with that money... But in many cases, the money you’re getting from the judgment is more than the amount you need to pay those bills, which means you can use it for other things by getting structured settlement funding"  [ Jim, Jason kindly get with the program please. It's on the Pig Crack page]
10. Elder law Firm New York "When an individual is awarded a settlement in a medical malpractice or personal injury suit, it is typically for more than just the medical expenses"  May 11, 2018
11. Tracy CA personal injury law firm " If you have been awarded a settlement after a personal injury cases (sic), you may wonder if you are facing a large tax bill" . The firm published the June 2017 blog in answer to the question are Jury Awards and Settlements Taxable?  Question counselors:  Do juries award settlements or do they approve settlements?
12. Seneca One factoring company in its  website "knowledge base" says " When a court decides that a death of a family member was due to a negligent or wrongful act of another individual, the beneficiaries can be awarded a structured settlement on the deceased’s behalf". 
13. Robin Roberts of Brightpath Financial Corp., misstates as fact "Fact 2: Structured Settlements offer value with restrictions. You have won payments for damages and have been awarded a structured settlement".  No you haven't.   [ Note: The Baker's Dozen of Settlement Boo Boos were all retrieved and compiled August 18-19, 2018]

Due to the very low bar the structured settlement factoring industry sets itself, such lack of fluency on the fundamentals is unfortunately to be expected (but not tolerated). But, how can a law firm not articulate the difference between a settlement and an award? How can a settlement planner not articulate the difference between a settlement and an award?  

The Eley Law Firm of Denver Colorado does an outstanding job of explaining the difference between a settlement and a workers compensation award.  They say:

 "A settlement is an agreement reached among the parties to a workers' compensation claim. This includes you, your employer and the workers' compensation insurer (unless your employer is self-insured). This is a type of contract, and it may bar you from seeking further compensation for your injury.

An award, on the other hand, is granted to you by the workers' compensation court. This may include medical benefits or other types of workers' compensation awards based on the specifics of your injury. For example, a judge can order — or an insurance company can admit for — temporary and permanent disability benefits. This isn't a settlement. You don't have to sign away any rights to get these benefits. If you need help determining whether you received an award or a settlement, we can help. We can review your situation and help you understand your legal options. We can also advise you before you accept an award or settlement"

 

Why care? Why let misinformation foster financial illiteracy? You're better than that.