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July 06, 2020

Kennedy Scion Joe Gargan Defending Lawsuit Alleging That He Screwed Broker Out of $200,000 Commissions

by Structured Settlement Watchdog

Felon Joe Gargan, former CEO of The Pension Company, Inc. of Arlington Virginia, was sued over $200,000 in unpaid commissions owed to James Brady,  a

Joseph E. Gargan
Felon Gargan Failed to Pay Commissions Owed to The Pension Company Broker

former broker from Orange County California  who was formerly associated with The Pension Company, Inc beginning in 2015. In the Complaint for Damages in James Brady and TPC Pacific, Inc., Plaintiffs vs Joseph Gargan, The Pension Company, Inc.; and Does One through Twenty-Five, inclusive, Defendants, Plaintiffs allege Breach of Contract, Breach of Fiduciary Duty and Financial Elder Abuse.

The matter is pending in the Superior Court-State of California  County of Orange Case 30-2020-01129585-CU-BT-CJC and was filed February 4, 2020, two months before Gargan embezzled more than one million dollars from an escrow account meant to pay for a structured settlement for an injured minor, at the tail end of his $8 million embezzlement haul.  Gargan admitted to his crimes in May and is scheduled for sentencing September 23, 2020.

Pieces of Gargan's picture and mounting financial pressures are emerging

  • Devastating divorce
  • Failed business ventures
  • Death of Father
  • Lawsuits by former employees
  • Legal bills from Akin Gump

 

Read a copy of the Brady v Gargan Complaint Download Brady v Gargan Complaint

 

 

Posted at 11:11 AM in Joe Gargan Embezzlement, The Pension Company Scam |

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    How structured settlements work, including 4structures.com LLC's super helpful structured settlement flow chart/diagram showing how structured settlements fit in on the spectrum of settlement planning solutions.
  • Rated Ages and Structured Settlement Cost
    Rated Ages for Structured Settlement Annuities present advantages to all parties. Shift the mortality risk to a life insurance company whose business it it is to assess mortality risk to price its life insurance and annuities. Rated ages boost your structured settlement annuity benefit per premium dollar, or your yield on lifetime payments. Rated ages help to reduce the cost of funding a Medicare Set Aside arrangement where a Structured MSA, is being used { WCMSA LMSA or NFMSA].
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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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  • Structured Settlement Payments | Types of Structured Settlements
    Ways You Can Structure Your Settlement Payments. With a structured settlement you can have more than one type of payment in a single contract. Different types of structured settlement payments can be customized and combined to meet your needs on a stand-alone basis, or in conjunction with other financial products. Diversify your structured settlement, if you wish, by funding with more than one annuity issuer, with treasury funded structured settlements, index linked structured settlement payments and market based structured .
  • Structured Attorney Fees for Tax Deferral for Contingency Fees
    Structured attorney fees is a financial strategy that offers a unique way to defer taxes for lawyers and law firms. Lawyers CAN structure their legal fees even if the plaintiff doesn't structure their settlement. There are multiple ways to structure your attorney fees, such as the an index linked structured settlement where payments are adjusted based on upside changes in the S&P 500 with no downside and a cap of 5%. Trial Lawyers may also use a special deferred pay/deferred compensation arrangement, if market based returns returns are desired with no cap. Plan NOW for year end! Put structured attorney fee expert John Darer® on your settlement planning team.
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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
    Tracing the roots of structured settlements history from 1918, when Congress exempted damages for personal injury or sickness from income tax, to the establishment of structured settlements as a core personal injury settlement planning tool to the present day.
  • What Are Market Based Structured Settlements?
    Market based structured settlements are an alternative or supplementary structured settlement solution for the plaintiff, attorney or law firm that: 1. Can afford to take some market risk 2. Have discretionary settlement dollars. Claimants and attorneys alike may find that market-based structured settlements provide the opportunity to receive tax-free income, or tax-deferred income, while enjoying growth potential.
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    iStructure is an innovative game changing fixed index structured settlement annuity for plaintiffs or attorneys. with an intermediate to long term horizon

Qualified Settlement Funds

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  • Firmwide Qualified Settlement Funds Debunked
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