by Structured Settlement Watchdog®
Seneca One, LLC is now the target of a Maryland Attorney General investigation, the Baltimore Sun reported November 19, 2015. A focus of the investigation is whether people who give "independent professional advice" to victims in connection with structured settlement factoring transactions are actually independent, which is required by Maryland Structured Settlement Protection Act. [ see § 5-1101(c)]
The MD attorney general's office is seeking information about entities including Access Funding LLC and Seneca One LLC. Both companies purchase or broker the purchase of structured settlement payment rights and purportedly purchased structured settlement payment rights from lead paint victims.
It is not known whether the purported recent departure of several key employees from Seneca One is related to the investigation. When called for comment to the telephone number on the Seneca One website, a Seneca One employee that I spoke with, could neither confirm or deny this and claimed he didn't' know who ran the company.
Three attorneys — Anuj Sud of College Park, Charles E. Smith of Derwood and Bennett Wills of Baltimore, a lawyer licensed in Maryland for only 3 years (according to Avvo) -— are fighting subpoenas served in connection with the investigations into Access Funding and Seneca One, court records show, according to the Sun. This past week, the attorney general's office has sought to enforce the subpoenas.