Structured Settlements 4Real® Blog: Structured Settlements | Settlement Planning News and John Darer Reviews

Summit Settlements Channel " I Erased My Stretch Marks in Less Than One Month"

One cannot blame the Legal Broadcast Network for seeking to monetize its channels by selling advertisements, but what one must realize is that many of the ads are contextual in that the ads are matched to the content on the page by the ad vendor. This is why one sees ads for many cash now pushers on blogs that have structured settlement related topics.

Apparently the lack of current content on the Summit Settlements Channel has resulted in the embarrassing ad of a bloated stretch marked belly ringed belly. Download Summit News for Brokers - S..

With 40 plus brokers all around the country surely there is someone affiliated with Summit Settlements that has something substantive to say on the Summit Settlement Channel so that we don't have to look at this belly over and over again.
 

Two Wrongs Don't Make A Right Unless it Comes out of the Structured Settlement Factoring Industry?

by Structured Settlement Watchdog®

Apparently two wrongs don't make a right unless it comes out of the factoring industry.

On the Legal Broadcast Network Matt Bracy, the general counsel for Settlement Capital of Dallas Texas,  is interviewed by Mark Wahlstrom on the topic of misleading and obnoxious cash now pusher advertising. In the video broadcast Bracy "turns the guns back on the structured settlement industry" by contending that because the structured settlement industry fails to inform plaintiffs and annuitants at the time of settlement of their rights to factor and the costs and process involved, most consumers are forced to discover those rights through the very advertising that the structured settlement profession despises most.

In this instance Bracy's "guns" are exposed as mere "super soakers" of illogic. 

A Super Soaker of Illogic

Bracy's first "wrong" is that the structured settlement industry allegedly isn't telling tort victims about factoring when structured settlements are set up. This is used to justify the second "wrong" which is the misleading and sometimes fraudulent advertising perpetuated by members of the industry to which Bracy belongs.

Then using the "Needle in a Haystack" argument similarly proffered by Cash Now "Stoner" Michelle Hsu, Bracy's question is how are factoring companies supposed to reach their target market and inform them when there is little or no discussion of the process by the professionals who put these people into the annuity contracts?

While Bracy's company is not known for such advertising practices, he omits the fact that the primary reason such practices even exist is the lack of regulation of advertising practices of his industry.   As will shortly be pointed out to my congressmen such lack of regulation and enforcement enables the financial crack dealers' version of  "fishing with dynamite" such as Woodbridge Investments, LLC's offering a Mercedes Benz or a 42 inch Plasma as bait for its structured settlement annuitant tort victims, to exist.

Download Woodbridge Investments 21st Century Toaster Incentives to Factor Structured Settlements

Download Woodbridge Investments Plasma...ettlements Scott Schwartz--p

 

Rotten Fruit Irony on LBN

Here's the irony

April 2008

This author re-broadcasts an April 13, 2008 Structured Settlements 4Real blog called "Is Cash Now for Structured Settlements a Fraud on Consumers?" on Speaking of Settlements, a channel on the Legal Broadcast Network (LBN). It is currently the most popular blog post on that LBN channel in terms of cumulative views.

January 2009

LBN CEO and interviewer Mark Wahlstrom does an excellent job interviewing Earl Nesbitt, General Counsel of the National Association of Settlement Purchasers (NASP) and gets him to make an admission in a recorded video that cash now isn't really cash now, which supports that cash now advertising is fraud.

February 17, 2009

This author, John Darer informs Wahlstrom that banner ads from factoring companies are appearing on the Settlement Channel, another LBN channel.  Download John Darer email to Mark Wahlstrom 2-17-2009 re banner ads

Wahlstrom responds that LBN is trying to tweak the filters (see below about filters).

March 1, 2009

A Banner ad for "cash now pusher" Peachtree Settlement Funding appears on Speaking of Settlements promoting the very thing that Earl Nesbitt said in January 2008 is not true.  Download Peachtree Cash Now Speaking of Settlements Website hosts use banner ads and other means to monetize their websites. Comments

I consider Mark Wahlstrom a friend. While I respect and admire what he's built with his business, I'm having a tough time reconciling the irony that on the one hand LBN helps prove the cash now fraud, hosts content that makes the case supporting the case of fraud and THEN hosts advertising that is known not to be true, perpetuating the fraud (from a company that has been known for over the top discount rates) and possibly even makes money from it (from the banner ads).

I assume that Mark has no direct contract with Peachtree. Many of the banner ad aggregators match ads to content (contextual advertising). The site owners such as LBN however, can filter out unwanted ad content.

One of the reasons that Structured Settlements 4Real initially decided to have no structured settlement related banner ads or pay per click ads is that this author did not want the cash now pushers to benefit from our content, nor did we want the perception of a conflict of interest. When Structured Settlements 4Real was started in November 2005 splog sites and made for Google Adsense websites were everywhere. It was very difficult for consumers to locate legitimate sources of structured settlement information. We sought to change that.

"So It's Not Exactly Cash Now?" "NO, IT'S CERTAINLY NOT!" Chuckles Director of National Association of Settlement Purchasers

by Structured Settlement Watchdog®

This is an open letter to attorneys for tort victims, advocates for tort victims, attorneys general in the United States and the Federal Trade Commission.

For years tort victims have been subjected to cash now for structured settlement advertising. There has now been an admission from the Executive Director of the National Association of Settlement Purchasers  (NASP), the same organization that lobbies Congress and state legislatures,  that this advertising is not true:

In an interview with Mark Wahlstrom which was nationally broadcast on the Legal Broadcast Network (see first 1:20 minutes of the video below), the Executive Director of the trade association that represents cash now pushers JG Wentworth, Imperial Structured Settlements, Peachtree Settlement Funding, Woodbridge Investments, and others, makes comments which seem to make a very strong case that these companies' cash now advertising is a complete fraud.

"So It's Not Exactly Cash Now?"  Mark Wahlstrom, the interviewer
"NO, IT'S CERTAINLY NOT!  YOU'RE NOT GETTING A MONEY GRAM THE DAY AFTER!"  NASP Executive Director. Earl Nesbitt,  partner in the Dallas law firm of Nesbitt Vassar & McCown LLP

Does anyone need more compelling evidence than the testimony of an officer of the Court (who is the Executive Director of their trade association) that implies that the vultures who advertise "cash now"for structured settlements are lying to consumers?

How is it that we have truth in advertising laws that go unenforced when the most vulnerable of our society is affected? Before you put one of their representatives on your board of directors, elect someone associated with them to political office, or take their money for your general fund, trade association, or your campaign, just reflect that the evidence presented shows that they are lying to the tort victims and consumers who YOU are duty bound to protect. Some try to rationalize the fraud by stating that judges are ultimately looking out for the tort victim. That is however, AFTER the tort victim, your client, your ward, your charge, has been exposed to, teased by, solicited by and had hopes raised by the false advertising. Shouldn't these companies be sanctioned?

Is Imperial Structured Settlements Lying or What?

Imperial Structured Settlements is a cash now pusher. The company makes the advertising promise of cash now which is misleading because nobody selling structured settlement payment rights is able to drift through the statutory court approval process instantly, or even an hour from now.

Today's press release posted on the Business Wire suggests that Imperial Structured Settlements "can convert annuity payment streams into a lump sum within two to three weeks of receiving a completed contract". Can Imperial Structured Settlements "can convert structured annuity payment streams into a lump sum within two to three weeks of receiving a completed contract"?

While at first I suspected that the Imperial structured Settlements statement of 2-3 weeks applies to payment rights to regular annuities NOT structured settlement annuities, it is evident from the misleading way this page of its web site is written that this promise has also been made to structured settlement annuities. In the video below the company subsequently contradict itself by stating that it can convert your long term payments to a lump sum TODAY. Which one of the statements is the truth when it comes to structured settlements? What truth in advertising ethic does Imperial Structured Settlements subscribe to?

The question arises because of the name Imperial Structured Settlements. Factoring companies with structured settlements in their name, without a qualifier like "factoring" or "liquidity" act as a catalyst to mislead the public. The use of such names also confounds the search engine results for tort victims who are seeking legitimate sources of structured settlements.

Imperial Structured Settlements, LLC IS NOT a legitimate source of structured settlements for tort victims.

The coup de grace:

So It's Not Exactly Cash Now? "No It's Certainly Not"  Mark Wahlstrom Legal Broadcast Network and Earl Nesbitt the Executive Director of the National Association of Settlement Purchasers, Click here and watch the first 1 minute 20 seconds of the video

TheStructuredSettlementSite.Com From "Baker The Faker"

by Structured Settlement Watchdog®

What are screen shots of Joe Jamail, Mark Wahlstrom, Jan Schlichtmann an other Legal Broadcast Network items doing on a website that advertises "Hot Flash Freedom",  Colon Sweep" and "Sleeping Pills"? Are we supposed to be impressed with a web site that is as "creative" as typing "structured settlement" into YouTube, grabbing screen shots,  and features comments from someone named "Wet Walnuts"?

Discount web designer Scott Baker of Lexington , Kentucky wins this weeks trip to the website trash compactor for making the case that taking other people's content without attribution is "an honorable thing".

Scott Baker's mantra at Discount Web Design is "You Have to break The Rules To Win". That's obvious!

By not including a link to the original content and associating the structured settlement content with the aforementioned products is Mr. Baker not just a fine example of the waste matter that Colon Sweep is trying to eliminate?

I certainly would not advocate patronizing "Baker The Faker" or Thestructuredsettlementssite.com

Postscript

Thankfully Thestructuredsettlementsite has been deep sixed.