by Structured Settlement Watchdog
The editorial standards at Annuity.org continue to slip with Alanna Ritchie caught in a case of abject "cite shite". in "Structured Settlement Sellers Sue Purchasing Companies, Claim Fraud", a post from April 17, 2015 that was just updated in September 16, 2020.
Alanna Ritchie is a staff writer for Annuity.org, which in turn is a paid shill {"lead generator") for CBC Settlement Funding and Fortune Settlement Solutions. The recently "updated" article contains:
- No updates about the Michael Lafontant and Terrence Taylor cases and in the case of Taylor, the gaffe prone Ritchie is well wide of the mark.
- Under "cited research articles", Ritchie erroneously cites that the Taylor case was filed in the Southern District of New York, when it was filed in the Eastern District of Virginia. What would lead Ritchie to her erroneous conclusion if she actually read the title page of the original complaint, that she cites as research in April 2015, or when the post was updated in September 2020?
- Ritchie erroneously cites that Michael Lafontant was filed in the Eastern District of Virginia when it was filed in the Southern District of New York. What would lead her to her erroneous conclusion if she actually read just the title page of the complaint, cited in her research in April 2015 or when updated in September 2020?
- Ritchie says in the updated post, "In a billion-dollar industry in which 7,000 to 9,000 pre-purchased annuities change hands annually, two sellers say they were misled by corporate buyers into transferring money that was supposed to last them a lifetime". This is structured settlement blockhead territory. If Ritchie demonstrated that she knew what the company who pays the company the pays her actually did, she would know that annuities do not change hands when structured settlement paymen
t rights are purchased.It's about as true as floating about above London using one's umbrella without losing one's bonnet
- In doing the September 16, 2020 update, Ritchie's failure to grasp the significance of the Taylor case, which, together with the Baltimore City Access Funding debacle, played an important role in raising national awareness of abusive business practices in the secondary market, leading to reforms of structured settlement protection acts in a number of states, including Maryland, Florida and Virginia.
- Taylor's case remains pending with little to no activity after 5 years between judge recusals and legislative privelege taken by defense counsel and, more recently, the Covid delay. It is one of the worst cases of annuitant abuse in the United States. Yet Ritchie missed 11 transactions approved in 2 years. A separate class action lawsuit has been pending since 2017
Ironically Annuity.org purported editorial standards appear in "Poppins" font above the "shite cites"
Annuity.org writers adhere to strict sourcing guidelines and use only credible sources of information, including authoritative financial publications, academic organizations, peer-reviewed journals, highly regarded nonprofit organizations, government reports, court records and interviews with qualified experts. You can read more about our commitment to accuracy, fairness and transparency in our editorial guidelines.
-Poppins Font
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