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August 02, 2024

New Structured Settlement Factoring Company Predatory Phone Number Capture Scheme?

by Structured Settlement Watchdog

Certain factoring companies (or their operatives) appear to be taking actions to exploit minor annuitants
Cash now for stuctured settlement minor approach schemes
Verify that you are speaking with someone that has the credentials to provide such advice
 and others who have never sold structured settlement payments and use devious means to do so
 
Minors' case records in court rerpositories often include siginificant redactions.  However, it has come to my attention that annuitants are being approached by someone purporting to be "from the Courts"  with an email tag featuring a 1990s era clip art of the scales of justice), who is using an annuity issuer's public facing downloadable insurer change of address forms to "approach minors", via parents, shortly before they reach 18, to get a signed and notarized form to capture their phone number, social security number and other information.  

Why was Sara M. George contacting the mother of a 17 year old with a structured settlement on July 9, 2024, with a Prudential Insurance Company of America change of address form that clearly states that it is "for use of structured settlement payees only"?

"From: Sara George <sg.compliance@outlook.com>

Date: Tue, Jul 9, 2024 at 10:40 AM

Please have **** print, sign and have notarized. Send it back to me upon completion.

Protecting Your Assets and Your Future"

"Naturally Curious"  George Clues

  • If Sara George was "from the Courts", why would they be using what appears to be a personal email address? 
  • Providing a change of address form for Prudential structured settlement annuitants would not be the role of the Court. 
  • Just how is "pennies on the dollar" protecting your assets?  

Confirmed with Prudential that Sara M. George a/k/a Sarah Marie George DOES NOT work for Prudential and is NOT appointed by Prudential in a structured settlement capacity

A search for Sara George, a/k/a Sara M George a/k/a Sara Marie George does not produce any results  that would show Ms. George possesses an active insurance license in the States of Florida, or California.

Sara George Unserious LinkedIn Profile

Sara George, a/k/a Sara M. George , Sarah Marie George of Margate, FL*, 34, has a Linkedin profile that says her Title is "Annuity by Annuity Company" Miami/Ft. Lauderdale area. and lists very little, with no relevant job experience listed. Margate is located in Broward County 14.6 miles NW of Ft. Lauderdale. Florida. According to the Florida Department of Financial Services  "An annuity is a contract that promises to pay you an income on a regular basis for a period of time you choose, or you may decide to leave your premiums and accumulated values in the contract until a future date, your death, or the contract maturity date (usually age 100)". So if one were to take her literally, by her own description, Ms. George identifies as a contract?

* Source: Florida Secretary of State Sunbiz.org
**Source: Annuity Overview (myfloridacfo.com)

Ms. George previously was affiliated with BTG Advisors until about 2 years ago and now it seems that they are associated with Lion Grace Capital, another Florida structured settlement factoring firm. that is listed as a member of the National association of Settlement Purchasers (NASP). Pictures of them were recently scrubbed from the Lion Grace Capital Facebook page and reviews, however they appeared in the 4th row on the left side of the staircase in a group shot of a Lion Grace Capital holiday party.

Lion Grace Capital is not an Annuity Company

  Lion Grace Capital does not have a Florida insurance license according to the Florida Department of Financial Services. Ms. George and Lion Grace Capital can't buy or sell structured settlement annuities.  Lion Grace Capital buys structured settlement payment rights which are receivables not annuities. 

No structured settlement annuitant can sell the annuity funding their structured settlement.

  • Buying structured settlement payment rights is not the equivalent to buying an annuity. 
  • Selling structured settlement payment rights (structured settlement receivables) is not the equivalent to selling an annuity.

It a shame that structured settlement factoring company operatives would exploit a consumer service form. Life insurance companies that issue structured settlement annuities should take steps to add or beef up existing notices on the documents. 

Have you or your loved ones been contacted by Sara George purporting to be "from the Courts"?   Let us know. 

Read about  John Darer's role as Structured Settlement Watchdog

The Structured Settlement Watchdog® John Darer®

 

 
 
 
 

 
 
 
 
 
 
 
 
 

 

Posted at 01:52 PM in Boca Raton Structured Settlement Cash Now, Buffalo Structured Settlement Cash Now, Lion Grace Capital, Structured Settlement Factoring News, Structured Settlement Watchdog® |

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Guide to Structured Settlements 2024

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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
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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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  • What Are Structured Settlement Annuities?
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Qualified Settlement Funds

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  • Firmwide Qualified Settlement Funds Debunked
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Structured Settlement Best Practices Corner

  • New York Insurance Advertising law requires the full name of the Insurer to be listed along with the city and state of the principal office. Stating that you represent these fine companies using Insurance company logos without the preceding information are also illegal
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