by Structured Settlement Watchdog
We Pay More Funding has launched a outrageous Christmas Creep scheme on Instagram and Twitter, exhibiting structured settlement secondary market corruption at its worst with this solicitation to annuitants to sell structured settlement payments for pennies on the dollar.
Christmas Creep is the somewhat annoying retail phenomenon where holiday decorations and music extend months in advance, well beyond traditional times. In Jim Butcher's 2012 novel Cold Days, even Santa Claus declares that he's drawing the line at Halloween.
We Pay More Funding's Questionable Inducement
We Pay More Funding states in an Instagram post September 2, 2018 that they will pay you a cash bonus if you accept their offer. Thus We Pay More Funding bribe is an inducement contingent on accepting We Pay More Funding's pennies on the dollar offer. There is something ethically and morally wrong with what We Pay More Funding is doing in my opinion.
Bribery is a very gray area in business. A fine line exists between a bribe and a gift. Even with gifts there are limits on the dollar amount of gifts imposed by insurance regulators and FINRA has strict rules for licensed reps. The general rule of thumb is that a simple, no-strings attached gesture is a gift, but something of value given to sway business decisions or the actions of others is a bribe. From the plain language in its advertisement, there is no equivocation by We Pay More Funding LLC, that the cash bonus is intended as an inducement. It's a high money stakes decision for a structured settlement annuitant. It is an inducement that could dissuade an annuitant from shopping around.
Who is We Pay More Funding?
Fort Lauderdale based We Pay More Funding LLC is run by Rhett Wadsworth, an individual with the ignominy of being in a cover story in the Washington Post concerning allegations of abuse in the Terrence Taylor case in December 2015.