by Structured Settlement Watchdog®
The Structured Settlement Processing Group bills itself as " a consumer education and information group of Bethesda's Seneca One, LLC, and a self claimed, but unsubstantiated, "leading national purchaser of structured settlement payments". What it appears to be is basically a call center staffed by operators who hesitate to give a reference. What they did reveal is that the company's major investor is Deutsche Bank Group. How disappointing!
In a display of what clearly does not befit "a model of German engineering prowess", Seneca One, LLC, through mask of the "Structured Settlement Processing Group", continues to profit from a misleading name which suggests that it actually processes structured settlements, which IT DOES NOT DO, as opposed to structured settlement factoring transactions, which IT DOES DO. This author has confirmed that the company DOES NOT possess a New York life insurance license.
Seneca One, LLC is of course the company which was on the wrong end of a New York decision rejecting a structured settlement transfer, that we covered in Factoring Smackdown 2, where a panel of factoring companies destroyed Seneca's wimpy offer to the tort victim.
Do the bloated profits that can be obtained from the structured settlement factoring deals that judges actually approve from Seneca One, LLC make it worth it for a global banking titan like Deutsche Bank to overlook the misleading advertising of the company?
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