by Structured Settlement Watchdog
Structured Settlement Cash Now predators Novation Funding, LLC, who sued an African American quadriplegic from Westbury NY after advancing him $22,900.00 and he backed away from the deal, has settled for $10,000.00. The settlement will be paid in 6 installments of $1,500.00
Novation Funding advanced money to a quadriplegic 4 times in the space of 2 years, then filed suit against the 50 year old Westbury, NY resident to get their money back Frederick Shaw decided he was getting scammed by Novation Funding and refused to move forward with selling his payments. Purportedly an address in another state was set up by Novation in contemplation for the transfer.
Novation Funding targets African Americans and other minorities. Another Long Island resident Cedric Martez Thomas was completely shafted by Novation Funding in October 2015 for over $1.4 million. I've also detailed a number of other dubious deals involving Novation Funding and minorities in prior posts.