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October 08, 2022

Convicted Structured Settlement Felon Joe Gargan Released From Prison

by Structured Settlement Watchdog

Gargan Granted Compassionate Release

Joe Gargan, the convicted felon and former structured settlement broker and head of The Pension Company Inc. who purloined Joe gargan compassionate release from prison millions of dollars from the United States taxpayers and a New York City area hospital, was granted compassionate release after being incarcerated less than 2 years. The United States Department announced June 15, 2020 that Gargan pleaded guilty to the embezzlment.

Gargan spent the majority of his custody at FMC Butner in North Carolina, a joint that housed notorious felons such as the late Bernie Madoff. FMC Butner had a deadly oubreak of Covid-19.

According to Judge Rossie D.Alston, Jr. of the United District Court, District of Alexandria, Gargan" has established that extraordinary and compelling reasons justify his release pursuant to 18 U.S.C. § 3582(c)(1)(A). Accordingly, for the foregoing reasons, it is hereby

ORDERED that Defendant’s Motion for Compassionate Release (Dkt. 39) is GRANTED and
Defendant’s Motion to Vacate Sentence pursuant to 28 U.S.C. § 2255 (Dkt. 41) is DENIED; and it is

FURTHER ORDERED that the custodial portion of Defendant’s sentence is reduced to
time served; and it is

FURTHER ORDERED that the Federal Bureau of Prisons is directed to release Defendant
from confinement no more than fourteen days (14) from the date of this Memorandum Opinion
and Order; and it is

FURTHER ORDERED that upon release, Defendant shall begin serving the three-year
term of supervised release this Court imposed on September 23, 2020; and it is

FURTHER ORDERED that all terms and conditions of supervision remain in full force
and ".

Source:

IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF VIRGINIA
Alexandria Division.

UNITED STATES OF AMERICA 

v.             Criminal Action No. 1:20-cr-110 (RDA)

JOSEPH E. GARGAN,  Defendant. 

MEMORANDUM OPINION AND ORDER

Download Gargan Granted Compassionate Release Sentence Not Overturned 10-4-2022

Original Department of Justice announcement of Gargan's crimes

Eastern District of Virginia | Former CEO Pleads Guilty to Embezzling $8M Intended for Injured Children | United States Department of Justice

In related news, the domain name for ThePensionCompany.com is for sale for $24,888.00

Last updated October 16, 2022

 

Posted at 05:31 PM in Alexandria Structured Settlements, Joe Gargan Embezzlement, Loudon County Structured Settlements, Structured Settlement Industry News, Structured Settlement Watchdog®, The Pension Company Structured Settlements, Yonkers Structured Settlements |

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  • Treasury Funded Structured Settlements
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    Use the Taxable Equivalent Yield chart to help compare the Internal Rate of Return (IRR) of a structured settlement to other alternative or complementary investments. Need help with the chart? Call 4structures.com® LLC at 888-325-8640
  • Structured Settlement Payments | Types of Structured Settlements 2024
    Ways You Can Structure Your Settlement Payments in 2024. 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 .
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    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 capped or uncapped index linked structured settlement annuities where payments are adjusted based on upside changes in the S&P 500 or another index, 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 in 2024.
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    Receiving structured settlement payments from your own structured settlement or inherited structured settlement? You'll like this huge time saver. Click the title for a link to a comprehensive list of customer service telephone numbers that includes both current AND former structured settlement annuity issuers and reinsurers. If you have simple bank or beneficiary changes, or if the insurance company that issued the structured annuity has merged, sold or spun off its block of structured annuity business (e.g. Aviva, Allstate, Transamerica, AEGON, GE Capital, Liberty, CNA, Confederation Life), oran annuity issuer has changed its name and you're trying to track them down. Here you go! The list is regularly updated. Last updated May 20, 2024.
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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
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Qualified Settlement Funds

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  • Firmwide Qualified Settlement Funds Debunked
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