by Structured Settlement Watchdog®
Where the New York personal injury firm of Paris & Chaikin may have the faintest amount of plausible deniability for 234 acts of structured settlement forgery committed by its former paralegal, Jose Manuel Camacho Jr. of Miami's Camacho Law Group PA, appears to have none.
Investigators were tipped off by two Broward County judges who found Final Structured Settlement Transfer Orders filed by Camacho, on behalf of structured settlement buyers with the Broward County court clerk, but bearing their forged signatures.
One judge reviewed her cases filed by Camacho and found her signatures were forged 25 times, another 30 times, another 18 times, another 19 times. There were 7 judges' signatures allegedly forged and 104 alleged forgeries in all, by Camacho. The alleged criminality by Camacho is outrageous.
According to our sources, Defendant Jose Camacho Jr., has admitted forging the judges' structured settlement transfer orders and filing them with Broward County Court Clerk, in a sworn statement.
More questions than answers at this point:
- Where else did Camacho file structured settlement paperwork and for whom? Are those cases currently being investigated by the Florida Attorney General?
- Which structured settlement payment purchasers are affected and at what cost?
- What investors will be affected and at what cost?
- What insurance companies are affected and at what cost?
- How will Camacho's admitted fraud affect the availability and cost of Errors and Omissions insurance for settlement payment purchasers? The market was already tight before Camacho.
- How will Camacho's admitted fraud affect the availability and cost of Errors and Omissions insurance for lawyers who hired to do the structured settlement transfer work like Camacho? The market was already tight before Camacho.
- Who is going to pay for Camacho's fraud?
- Why did Camacho commit the fraudulent acts?
- What can Camacho share that could go beyond his alleged acts and help clean up the structured settlement secondary market?
Given that the structured settlement primary market has been in place for almost 40 years and to the best of my knowledge and belief there have been no cases of forgery, why is it that in a space of 3 years there have been 338+ counts of forged structured settlement transfer orders (the amount that we know of now)?
The official word is that "Structured settlement protection acts, enacted in 49 of 50 states mandate that all potential transfers are subject to a rigorous court review process that requires a judge to approve the transfer and that it be in the "best interest" of the payee. Further it must meet certain standards of payee transparency and disclosure - the very opposite of secretive. These statutes fulfill federal law that requires judges to approve such transfers. Purchasing companies must also advise payees to seek independent professional advice".