by Structured Settlement Watchdog
The BBB of Maryland's apparent "love affair" with structured settlement secondary market miscreants continues.
BBB of Maryland has bestowed a dubious A+ rating on AnnuitySold LLC, associated with fraudster Richart Ruddie, whose textbook frauds were cited 18 times in a 2021 Utah law review treatise by UCLA Law professor Eugene Volokh. Richart Ruddie Annuity (as Ruddie is now apparently self identifying with a suffix since the last week or so in SEO circles) and his Owings Mills High School friend Ryan Blank, were associated with a number of companies (AnnuitySold and others) that in 2018 were banned from doing business in Maryland for 7 years, after a Maryland Attorney General investigation into AnnuitySold fraud. The telephone number on the BBB listing for AnnuitySold was not working at the time of publication.
BBB of Maryland also kept an A+ rating on Mount Airy Maryland resident David Springer's Sovereign Funding Group in 2015 despite proof in 2013 that Springer admitted under oath in a deposition to submitting two fictitious names to the BBB, both aliases that Springer testified in a June 28, 2013 deposition that he used. See BBB of Greater Maryland Gave Mt Airy Faker David Springer's Defunct "Entity" A+.
BBB of Maryland, surely you can do better. How does a Maryland consumer differentiate a fraud from an honest company if relying on the BBB's current practice on display.