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Structured Settlement Broker Bought Factored Structure With 10.76% Discount Rate in His Own Name

by Structured Settlement Watchdog

A settlement planner, who is a member of NSSTA and a member of the Society of Settlement Planners,  bought a factored structured settlement payment stream which bore a 10.76% effective discount rate at a time when market discount rates were possible at well below 10%. The seller DID NOT have independent professional advice according to the petition.  The settlement planner was assigned the rights through a Florida structured settlement factoring intermediary which originated the deal in Broward County, where the deal and the name of the settlement planner are public record and were sourced online.

While the name of the broker/settlement planner is public record, I am going to proceed to an ethical discussion without it in the hope that a consensus can be developed about the right way and the wrong to buy structured settlement payment rights by settlement planners and structured settlement brokers.

Legal Considerations

• Structured settlement factoring is legal
• Buying factored structured settlement payment streams is legal

Facts

• Certain members of NSSTA and Society of Settlement Planners have and, upon information and belief, still buy structured settlement payment rights as investments for themselves and/or for clients.
• Other non members of NSSTA, who are appointed by NSSTA member life insurance companies directly, or though commonly owned or affiliated companies, buy structured settlement payment rights, or originate structured settlement factoring transactions. One has established what purports to be an "exchange"
• Many of the settlement planners claim to be tireless advocates for the claimant’s right to income tax free guaranteed periodic payments.
• It is commonly known to members of NSSTA and the Society of Settlement Planners, including the life insurers who appoint these individuals, that the structured settlement secondary market transactions are regulated, but, with the exception of a few states such as Maryland and Louisiana, there is no regulation of the participants and their sale practices.

It's also fair to say, that no member of either of those associations for more than 5 years can claim ignorance of the financial atrocities that certain members of the structured settlement secondary market have rained on former plaintiffs and recipients of structured settlement payments. 

Shocking statistic

In addition to financial atrocities, certain members of the structured settlement secondary have decided to directly, or indirectly through paid sanctioned lead generation to educate, most often poorly and inaccurately, plaintiffs that are a source of business for members of NSSTA and Society of Settlement Planners.  CBC Settlement Funding,  and its "lead pimps "Annuity.org, structuredsettlements.com and nlrbfcu.org, generate an estimated 22 times the clicks that NSSTA generates for the key word "structured settlements". That's just one key word.

Ethical Considerations in the Purchase of Structured Settlement Payments from Former Plaintiffs by Structured Settlement Brokers and Settlement

The Ethics of Purchasing Structured Settlement Payments by Settlement Planners and Structured Settlement Brokers

Planners

• Is it ethical for a settlement planner or structured settlement broker to buy structured settlement payment rights from a someone who has not received Independent Professional Advice?
• Is it ethical for a settlement planner or structured settlement broker, to buy structured settlement payment rights from a client for whom he or she placed the structured settlement annuity? 
• Does funneling the structured settlement factoring transaction through a factoring company, change the answer?
• How does the answer change if the settlement planner is the only buyer?
• Is it ethical for a settlement planner or structured settlement broker to buy structured settlement payment rights from someone who has held their structured settlement less than 2 or 3 years?
• Is it ethical for a settlement planner or structured settlement broker to buy structured settlement payment rights from someone who has not got at least 3 competing quotes from unrelated entities?
• Does it matter, from an ethical standpoint, who originates the structured settlement factoring transaction from which the settlement planner or structured settlement broker is assigned the structured settlement payment rights as an investment?  Should the nature of the structured settlement company/originator's business practices be an item for consideration on the proverbial theory that "if you lie down with dogs, you wake up with fleas"?
• Does it matter, from an ethical standpoint, who originates the structured settlement factoring transaction from which the settlement planner or structured settlement broker is assigned the structured settlement payment rights as an investment?
• If the settlement planner or structured settlement broker is buying structured settlement payment rights as an investment, for themselves or clients arising out of a structured settlement annuity that they placed, what if any disclosure obligations do they have with the annuity issuer with whom they are appointed?
• What are annuity issuers who appoint said settlement planners or structured settlement brokers doing to assure the privacy and confidentiality obligations to annuitants are maintained?

This important discussion will continue.  My hope is that this blog post stimulates a wider industry discussion and that standards are set for the good of the industry and the people it serves.

 

 

 

 

 

 

 

 

AnnuityExpertAdvice.Com Is No Annuity Expert | Calls Non Insurance Product Annuity

by Structured Settlement Watchdog

Structured settlement lead generator websites are like dandelions. When the wind blows they spring up everywhere, figuratively turning what should be an easy online search into a lawn strangled by dandelions and crab grass. 

Structured settlement lead generator websites are to structured settlement consumers, like dandelions and crab grass to your lawn.

AnnuityExpertAdvice.com is the latest website dandelion lurking on the fringes of the annuity industry and they are clearly no expert in annuities or structured settlements.

AnnuityExpertAdvice.Com flops poorly articulate the scam label " Secondary Market Annuity"

"Ever see television commercials about getting cash now for your annuity? This is called Secondary Market Annuities or SMAs. Basically, a secondary market annuity is the selling of your current income annuity (immediate annuity, deferred income annuity, structured settlements, lottery payouts) at a heavily discounted rate to a 3rd party company in exchange for a lump sum of cash. That 3rd party company will then pocket annuity income distributions as a long term investment".

1. The process that was erroneously described with reference to a structured settlement, is called a structured settlement factoring transaction.
2. A structured settlement factoring transaction is not an annuity, it is a term that appears in the Internal Revenue Code at IRC §5891 (c)(3)(A) as, in general, "a transfer of structured settlement payment rights (including portions of structured settlement payments) made for consideration by means of sale, assignment, pledge, or other form of encumbrance or alienation for consideration".
3.  The sale of structured settlement payment rights DOES NOT involve transfer of annuity contract ownership.
4. This sort of thing was not lost on the National Association of Insurance Commissioners (NAIC) which in December 2018 stated that factored structured settlement payment streams are neither annuities nor insurance products.
5. The NAIC further said in Statutory Issue Paper 160,  that insurers who buy factored structured settlement payment streams may not account for these assets as annuities or insurance products in their financial reports. 

AnnuityExpertAdvice.Com is a Stunning Example of Clueless. by Calling SPIAs, DIAs, Structured Settlements and Lottery Annuities Examples of Secondary Market "Annuities"

1. Let's start with the fact that a Secondary Market Annuity is not an annuity. It is a scam label used by merchants to move product. 
2. Immediate Annuities (SPIA) and Deferred Income Annuities (DIA), Structured Settlement Annuities (SSA) and Lottery Annuities are insurance products issued by insurance companies. They are not factored structured settlement payment streams or derivatives.
3. The insurance companies themselves have to be licensed and anyone selling the products must be licensed where the product is being sold. 
4. Buyers of factored structured settlement payment streams do not enjoy the same statutory protections that people who buy legitimate annuities do.

 

 

 

 

 

 

Why Do Insurers and Hedge Funds Not Want Regulation of Structured Settlement Secondary Market?

by Structured Settlement Watchdog

According to a 2018 investor presentation by a Buffalo New York structured settlement firm obtained by this author,  40% of investors in structured settlement payment rights are hedge funds, 50% life insurance companies and 10% individual investors. That could mean that some of the worst cases of financial rape of minorities, retirees end up benefiting rich hedge funds and their investors and life insurance companies.

Why is there no licensing, no minimum insurance requirement and no regulator of the corrupt structured settlement secondary market industry that benefits life insurers and hedge funds who buy their work product as investments?

The structured settlement secondary market is a highly corrupt industry:

• No licensing, no regulator. An expensive road for victimized consumers to seek redress. Victims are often young minorities who have been shafted, some for more than a million of dollars. Contrast that with the licensing and regulation of the industries from where the investors originate. 
• Many intermediaries operate under tens or hundreds of fictitious names to protect themselves. 
• The companies are likely uninsured, or woefully underinsured. The Access Funding scam saw Access Funding with only $1,000,000 in coverage. The company shut down in 2015 and opened as Reliance Funding at the same address.
• Misleading and often fraudulent advertising is the norm not the exception.
• It's largest player, JG Wentworth has had to file for bankruptcy twice.  Investors in its IPO saw their investments rapidly dwindle to zero.  At one point as I previously highlighted, before it was delisted and JG went bankrupt for the second time, its stock chart resembled an extended middle finger.
• Two law firms working for structured settlement factoring companies associated with forgeries
• A player for a series of Maryland firm that was banned from doing business in Maryland for 7 years (from January 2018) for fraud had to pay restitution, had to plea bargain with the Rhode Island United States Attorney for fraud on that Court
• More than one firm has induced structured settlement annuitants to trade their payments for pennies on the dollar for higher risk investment using investment projections that would be illegal under FINRA regulations.
• More companies have left the National Association of Settlement Purchasers than have joined.  Three industry leaders Earl Nesbitt, Patricia Laborde and Matt Bracy have left NASP and the industry. 
• Individual investors, including retirees, have effectively been conned into buying what they thought were annuities but are not in fact annuities. In December 2018, the National Association of Insurance Commissioners (NAIC) issued Statutory Issue Paper 160, in which it stated that factored structured settlement payment streams are not annuities or insurance products and cannot be accounted for as such.
• People continue to be illegally forum shopped into states where they don't reside, the factoring company knowing that having inveigled the seller in a fraud on the Court, possibly ensuring an easy defense. New York to CT has become popular and I will soon be breaking a story of a denied in New York, then filed in Florida forum shop, in 2019!

And when you consider that 90% of the investors in factored structured settlement payment streams are insurance companies and hedge funds, you have to scratch your head and say why is there no regulation?  Something stinks.

For starters, read about the Lauren Ashley Nesbitt case where Seneca One hosed an Oklahoma resident for over $1 million in profit spread and then flipped (assigned the rights to) the payments to Reliance Standard Life Insurance Company, a member of the Tokio Marine Group. If you click on the link within the linked post at the beginning of this paragraph you will be able to see it in black and white.  Tokio Marine's property casualty arm uses structured settlements to help resolve and settle claims against its insureds.  This is not an indictment of either of these companies, however corporate management of Tokio Marine and Reliance Standard should take a long hard look at what they are buying, BEFORE they buy, in my opinion to avoid the bad optics and reputational risk.

What will be the impact of the accounting change> Will forensic research show more questionable deals acquired by insurers either individually or through securitizations?

What will a review of the blue books of certain insurers say now that these instruments can no longer be buried as annuities or insurance products?

In these days of heightened attention to corporate ethics, is it time for corporate governance at life insurers to address what they are investing in?  Can a life insurer afford to bury its head in the sand believing that buying through a securitization is a way to bypass such scrutiny?

Is it time for the clients of hedge funds and the hedge funds themselves to pay more attention to what they are buying? 

 

 

 

 

 

Somerset CEO Pays "Secondary Market Annuity" Buyer to Settle FINRA Complaint

by Structured Settlement Watchdog

Thomas Burgess Hamlin, the CEO of Somerset, has settled the FINRA claim brought by Barry Cooper over the sale of factored structured settlement payments which at the time of sale were marketed to investors as "secondary market annuities".

Barry Cooper's FINRA claim alleged breach of fiduciary duty, negligence, negligent supervision, common law misrepresentation, breach of contract and unauthorized trading. The transaction at issue occurred in 2013, and involved a Factored Structured Settlement "FSS" payment stream through an approved Outside Business Activity "OBA".

Damage Amount Requested
$150,000.00

Settlement Amount
$50,000.00    [ roughly the equivalent of the payments missed since January 2018,  due to competing claims]

Broker Comment (by Hamlin-from the mandatory FINRA disclosure  Source: FINRA Broker Check)
This claim relates to an approved Outside Business Activity involving a factored structured settlement sold to claimant. The underlying payment stream at issue has been suspended by the annuity company due to a competing claim and litigation concerning the transfer of the payment stream, which had been previously approved by the Circuit Court of Baltimore County in 2013. Because the litigation concerning the payment stream is still pending in the state of Maryland, and such litigation was unlikely to resolve in the near term, the claim was settled as a compromise.  (emphasis added)

A companion case against Brian Horn,  who was registered with Somerset Securities 2013 to 2015 and now with Waddell and Reed in  Portland Oregon, remains pending according to a FINRA Broker Check search  on 11/3/2019,  which states: "Claim alleges RR  (Horn) recommended the claimant use the majority of his retirement savings to purchase a Secondary Market Annuity that was unsuitable for the claimant, that the product was misrepresented as being a safe investment, and that the solicitation was made to the claimant's wife who had no authority over the claimant's account. Product purchased in 2014. 

The Cooper case is one of the seminal cases in the intellectually dishonest, crumbling marketing fraud that is "secondary market annuities".  In the Cooper case these instruments were marketed as annuities and sold to a retiree with substantially all of his retirement assets from a Navy pension plan. Barry Cooper was not an accredited investor.  Factored structured settlement payment streams are not annuities according to the National Association of Insurance Commissioners  (NAIC). In Statutory Issue Paper 160, the NAIC explicitly said so and said that insurers, which purchase such assets may not include them as annuities or insurance products in their accounting. They must be accounted for separately.  

The Risks of Factored structured settlement payments as investments

• Statutory protection likely not available in the event of insolvency 
• Bears transactional risk to investor that is not present with legitimate annuities. If you bought a factored structured settlement payment stream there is a good chance that the transactional risk was not disclosed.
• Some salespeople have even used insurance company logos without insurers' authorization to market factored structured settlement payment streams as annuities, even though they knew what they were selling was not a legitimate annuity.

I will have more to tell you shortly.

 

 

Ethical Issues Arising From Settlement Planners Buying Their Clients' Structured Settlement Payments

by John Darer CLU ChFC MSSC CeFT RSP CLTC

According to our sources there are MULTIPLE settlement planners who have bought and are buying their clients' structured settlement payment rights. And it's not just a one off thing, there are even repeat sales! 

Consider the following that I know so far:  

• These settlement planners hold insurance licenses and appointments with life insurance companies that issue structured settlement annuities.
• Apparently the settlement planners/appointed agents are buying their clients' rights to receive payments from structured settlements funded with the very same life insurance companies' annuities, for pennies on the dollar, that the settlement planner placed. One or more life insurance companies are aware of this.
• One settlement planner uses a factoring company in an apparent attempt to disguise the transaction. The factoring complain originates the deal with the settlement planner's client and then sells it to the settlement planner while grabbing some vig on the way through.

Is there a Conflict of Interest?

1. Is there a conflict of interest in buying your own client's structured settlement payments?
2. Is the conflict of interest eliminated by the use of an intermediary to do the factoring sell side of the transaction, where the intermediary who referred the deal by the settlement planner, is the only buyer?  For a parallel, consider the Bourque case, where a Houston personal injury lawyer attempted to buy his client's structure via a a Puerto Rico company he controlled that was established shortly have the structured settlement was established at a horrible discount rate.
   
3. Is the conflict of interest eliminated by the use of an intermediary where the intermediary bids out the deal to multiple protective buyers and the settlement planner holds the winning bid?
4. Was the pennies on the dollars return in exchange for the sale of payment rights better or worse than the seller of could receive in the open market by shopping from multiple sources? Say for example the settlement planner's deal in involved  a discount rate to the seller if 7% when 5% or lower was possible?  The lower discount rate benefits the seller, while the high discount rate benefits the buyer.
5. How does a settlement planner's activity in this area jive with the ethics of the professional settlement planning association to which he or she belongs?
6. Does the settlement planner's activity conflict with the terms of appointment with the annuity issuer?
7. Does the settlement planner's activity conflict with the local rules of the Court that approved the settlement (if the payee was a minor at the time the structured settlement was established?  [e.g. in Bronx County New York City,  as part of the moving papers submitted to seek approval of a minor's structured settlement, the structure broker must make certain representations under penalty of perjury concerning factoring an distribution of any information to factoring companies ]

 

As further details emerge I will bring them to you.

 

 

 

 

 

Factored Structured Settlement Payment Streams Safer Than United States Treasuries?

by Structured Settlement Watchdog

A structured settlement factoring origination firm associated with a New York structured settlement primary market agency seem to suggest to investors, that factored structured settlement payment streams have the same risk profile as United States Treasury Bonds.  Is this an Ice to Eskimos moment, or is it grounded in reality?

6 Big Reasons Why Factored Structured Settlement Payment Streams May Not Have The Degree of Safety Suggested by the Picture Below

1. A factored structured settlement payment stream is not backed by the full faith and credit of the United States of America, which has been "in business" independently for 243 years
2. Factored structured settlement payment streams are not annuities or insurance products according to the National Association of Insurance Commissioners.
3. Investments in factored structured settlement payment streams bear transactional risk to the investor that could result in a loss of money.  There are documented cases where investors in such instruments (which again, ARE NOT annuities) have lost money.
4. Factored structured settlement payment streams are very likely not covered by State Insurance Guaranty Funds in the event of the insolvency and liquidation of the obligor.  More and more states are amending their state guaranty laws to remove any doubt. 
5. Factored structured settlement payments streams are not liquid like equities, corporate or treasury bonds.
6. 12 month CDs are available for up to 2.3% at time of posting. That's more than double what is represented in the chart below. On further inspection the company that published the chart cites a source that ends with April 2016 rates.  30 Year Treasury's have lower yields. The cited link is to current yields which differ. The Equities chart cited a 50 year average ending in 2009,  a decade years prior to the publication of the chart. Are we looking at  Comparison by Discombobulation" or  " Apples to " Kumquats"?
   

The picture below is a screen shot of part of a web page used by the firm in question, to solicit investors in factored structured settlement payments streams.

Comparison by Discombobulation? 

Do you think this is a Reasonable and Accurate Depiction of Risk?

On September 28, 2019 I published a blog post in which we found that the structured settlement calculator on the site in question suggested a 6.9%-7.5% discount rate on two hypothetical deals to the seller. Thus one can deduce based on the test cases we ran, that the margins are between 1.9-3.4 % on the low side and  2.5%-4% on the high side.

Don't be baffled or bamboozled by impressive looking charts.  Factored structured settlement payment streams are what they are.

 

 

Genex Capital SSQ Website is a Relic, Posts Insurer Ratings Information 10 Years Old!

by Structured Settlement Watchdog

Genex Capital, the structured settlement buyer operating out of a mailbox at a UPS store in Dover, Delaware,  apparently thinks decade old third party ratings of insurers  are useful to consumers. Many of these companies don't even write structured settlement annuities. There are wide swaths of the alphabet missing. Why would Genex Capital, run by a successful guy named Roger Proctor, a guy who has a multi million dollar condo at the Fairmont Pacific Rim and another home on an island, and Boris Drubetsky  be so lax as to allow the continued display the useless insurance company information?  Has it all "gone to pot" over there?

I continue to marvel at current interest rates juxtaposed against Roger Proctor's decade old wail about interest rates rising in an attempt to get suckers to sell their structured settlement payments to Genex Capital for pennies on the dollar. History has shown that it would have been a financial disaster. Interest rates now stand even lower than they were when Proctor made his wolf call. In June 2009, the 10 year Treasury hit 4%. At time of publishing the 10 Year Treasury is at 1.62% (it has been as low as 1.47% in recent weeks).

If you have a structured settlement that was set up when you were a child there is a really good chance that you are earning more on  a tax free basis than you would be in a savings account , CD or United States Treasury. This structured settlement is desirable to investors who are seeking high yields, high yields than can only be achieved if you get short changed.  If you have a structured settlement that was set up in 2009 for example and the yield exceeds 4-5% with a company like New York Life, Pacific Life, American General, John Hancock, Berkshire Hathaway, USAA Life, MetLife, don't be a fool and sell.

 

 

 

 

 

 

Buffalo Settlement Firm Comes Out Swinging Every Way The Crow Fly

by Structured Settlement Watchdog

Buffalo structured settlement industry colleagues at Milestone have come out almost all the way to announce their structured settlement factoring business,

As the crow flies

CrowFly LLC, renamed October 4, 2018 from Structured Settlement Exchange, LLC and operating at 737 Main Street, Suite 100 address in Buffalo, same as Milestone.  Last October John Bair sent an email to someone in the factoring business that to his knowledge they were the only primary market as well as factoring origination firm.

The business is legal but raises questions over potential conflicts of interest and is an in your face challenge to those life insurance companies issuing structured settlement annuities that contract Milestone. As previously reported I have attempted to address these potential conflicts with then

The CrowFly trademark application filed with the USPTO describes its services as:

"Providing an on-line virtual marketplace for buyers and sellers of structured settlements and annuities; information, advisory and consultancy services relating to the aforesaid services

Financial factoring services to businesses and individuals, namely, by purchasing of deferred streams of payment in the nature of structured settlement and annuity payment rights; financial factoring services to businesses and individuals, namely, by purchasing of deferred streams of payment and receivables, namely, interests in the nature of anticipated proceeds or fees resulting from legal claims for the purpose of pre-settlement and litigat...

Computer services, namely, creating and managing an on-line virtual environment for buyers and sellers of structured settlements and annuities; information, advisory and consultancy services relating to the aforesaid services

Tweets published as Crowfly July 2, 2019 all link to Milestone Examiner posts by Milestone CEO John Bair in the last 12 months. One of them pitched accredited investors with "the opportunity to buy a structured settlement annuity".

But accredited investors are NOT buying an existing structured settlement annuity because the National Association of Insurance Commissioners, which knows something about what an annuity is, opined in Statutory Issue Paper 160 that factored structured settlement payment streams are neither annuities nor insurance products.   Furthermore, Milestone and its principal (the latter someone with an New York insurance license for over 25 years ) know that structured settlement annuities are owned by the qualified assignment company in most cases and remained owned by the qualified assignment company even if the payment rights are transferred to a buyer. Why is money being solicited from CrowFly LLC investors with the inaccurate sales pitch that they are actually buying a structured settlement annuity?  

Buying an existing structured settlement annuity is legal in all 50 states. Here's how the marketplace has evolved: (link removed) #StructuredSettlement #Asset pic.twitter.com/gJ9Y4RYw8b

— CrowFly (@CrowFlyLLC) July 2, 2019  831am

 

Certified "Used Annuity" Is Another Lie to Befuddle Retirees | Don't Fall For It

by Structured Settlement Watchdog

Kerry Pechter, the editor and publisher of Retirement Income Journal, published an article in September 14, 2017 entitled  "On the Case: Income from a ‘Certified’ Used Annuity". Pechter appeared to be humping for Nathaniel Pulsifer, one of the leading militants for the continued misrepresentation of the term "annuity" to describe something that the National Association of Insurance Commissioners has opined IS NOT an annuity [ see Statutory Issue Paper 160 December 2018]

Retirement Income Journal Was Irresponsible and Misled Its Readers about Investing in SMAs

'SMAs, if you’re new to them, are the “used” contracts referenced in our headline' wrote Pechter. These are income streams or lump sum payouts that were originally awarded to individuals as monetary awards in wrongful injury suits. The recipients of these annuities have the option of keeping them or selling them to investors for lump sums.

Part of the problem with some financial writers and editors is that they don't do their research. Pechter belly flops because:

1. An SMA is not an annuity. It is a scam label for factored structured settlement payment streams
2. A factored structured structured settlement payments stream is not a used contract. It is a transfer of structured settlement payment rights. In a structured settlement factoring transaction it is not the annuity that is sold.
3. A structured settlement is not an award. A structured settlement is not awarded. That's why it's called a settlement.
4. The investor in a factored structured settlement payments stream is not buying an annuity. There are characteristics of an annuity that DO NOT exist with factored structured settlement payment stream.
5. A factored structured settlement payments stream has more risk than buying an annuity. Kerry Pechter failed to recognize, the threat to investors in factored structured settlement payment streams as evident in Wall v Corona Capital  (known in Feb 2017, before Pechter published), the 150+ investors waiting for payments that may never arrive from investments in scam labeled " SMA" (known in Feb 2017 before Pechter published)

Before Pechter writes any more articles about SMAs he should speak with Barry Cooper who has an open  FINRA complaint open against one of Pulsifer's former competitors. Cooper's claim against one party alleges breach of fiduciary duty, negligence, negligent supervision, common law misrepresentation, breach of contract and unauthorized trading. Transaction at issue occurred in 2013, and involved a Factored Structured Settlement "FSS" payment stream through an approved Outside Business Activity "OBA" and seeks $150,000.00 in damages.

 

What's Going on With Structured Settlement Exchange?

by Structured Settlement Watchdog

Structured Settlement Exchange was trademarked on the Supplemental Register of the USPTO in August 2018 by Seventh Amendment Holdings, LLC of Buffalo, New York. The exhibit to the amended Statement of Alleged Use on file with the USPTO includes a screen shot from enuities.com. The enuities.com website, which has been active since at least  June 2018, when I discovered it,  solicited new business in huge print claiming to be able to pay you 50% more for your structured settlement, with a "small print" disclaimer "Beating offers by 50% is possible in specific scenarios but not typical".  If it's not typical then why is it being claimed in advertising?

via GIPHY

 

A search for " structured settlement exchange" on Google today comes up with the following result.  The website however appears to be inactive. What's up?

Structured Settlements | Get Cash For Settlements | 833-SSE-QUOTE
https://www.enuities(dot)com/

Structured Settlements - Get The Cash You Deserve for Your Existing Settlement. We Get You 50% More for Your Structured Settlement? Contact Us …

As reported in November 2018, in October 2018 the President of Milestone Consulting sent an email (from milestoneseventh(dot)com), that I obtained a copy of from its recipient, in which The President of Milestone Consulting claimed that his was "only primary market as well as origination firm in the secondary market that he knew of".

Postscript  On October 4, 2018, the name Structured Settlement Exchange LLC was changed to CrowFly LLC, according to records on file with the New York Secretary of State. Staffers appear on the Milestone Consulting website and the address on file with New York State is the same as Milestone Buffalo.