by Structured Settlement Watchdog
Criminals in the structured settlement factoring industry are posing as a legitimate primary market structured settlement general agency in written approaches to New York structured settlement annuitants and possibly elsewhere, An identical mailer bore a unique bulk mail stamp with a Pennsylvania mail drop, according to a report by another East Coast factoring company (which was in touch with another Met Life annuitant) and who related the information me after reading our blog about Stan the Vulture from Rightway Funding.
Posing as a legitimate agency the structured settlement factoring criminal imposters say in writing " Downgrade/Acquisition Alert". The imposter is sending mailers to MetLife structured settlement annuitants and possibly others scraped from court records, in an attempt to scare them into selling their valuable income streams for pennies on the dollar and hope that judges rubber stamp their deals. The criminal imposters also offer you a chance of " restructuring your annuity and potentially receive a lump sum payout" which again is for pennies on the dollar. By any standard, pennies on the dollar is a total rip off. The criminal imposter structured settlement cash now mail fraudsters also ask you to call now to verify your company remains in good standing. Instead of contacting fraudsters simply contact your state's insurance commissioner, the annuity issuer, or the settlement planner who placed you into the structured settlement in the first place, or contact the NSSTA.
New York MetLife annuitants specifically targeted in the mail fraud
A woman named Hannah from Upstate New York received a letter which appeared to be from the general agency whose identity was being hijacked and she in turn sent a cease and desist letter to the legitimate general agent whose name was being brandjacked along with a copy of the letter from the criminal imposter. The letter suggested that the MetLife annuitant was being harassed by the imposter by email, regular mail and phone. When the principal of that agency contacted the toll-free number 888-391-2137 the voice on the other end of the line said it was the agency of the agency principal and obvious fraud. The frauds are being made across state lines using the U.S. Mail service and appear to being done in bulk. Time to get the FTC, FBI and other agencies involved. Stay tuned.
The other day I published how Stan the vulture from Rightway Funding was using similar misleading scare tactics about MetLife. The difference is that Stan the Vulture from Rightway Funding appeared forthright about his employer.
In the meantime, if you have a MetLife structured settlement ignore any calls or correspondence from anyone. Please keep anything you have received so far and preserve it so that it can be authenticated in the event of future legal action.
Criminal Imposters Answer the Phone Posing As Legitimate Structured Settlement Annuity General Agency and NSSTA Member
The criminal imposter's on hold music illegitimately uses the legitimate name of a structured settlement general agency and the person who picks up the phone also uses the hijacked name.
Connection to Funding Direct LLC in Washington DC?
The person at the other end of the line in a call I listened in on this morning said (that the criminal imposter of the legitimate structured settlement general agency and NSSTA member) was a subsidiary of Funding Direct LLC out of Washington DC fdirect(dot)org. Neither criminal imposters number, nor Funding Direct's number could be reached from Connecticut or Maryland, but it was possible for someone to get through from another state where mutual consent was not required prior to recording a phone call.
This is a very serious development. Funding Direct LLC first got onto our radar screen in April, with its notorious statement that failure (by the annuitant) to take action would result in a "check" being terminated on a date that precedes the date of the subject "check" by a full human gestational cycle! Funding Direct, LLC Deploys Structured Settlement Cash Now Reimbursement Scam and Fails
MetLife has been made aware of this development from a principal of the brand jacked general agency and I.