by Structured Settlement Watchdog
The National Association of Trial Lawyer Executives (NATLE) has an exclusive affinity program with Strategic Capital Corporation, a factoring company that purchases the rights to structured settlement payments for pennies on the dollar.
Here are some quotes from the NATLE website. Underlines used for emphasis.
"This program was very thoroughly investigated by the NATLE Affinity Committee and approved by the National Association of Trial Lawyer Executives (NATLE) Executive Committee since there is clearly a need for this service and a desire to protect plaintiffs by offering a reputable company with which to do business"
"Therefore, it is reassuring for your members to know that they can have confidence that their TLA has done the hard work of investigating Strategic Capital to ensure that they and their client will be safeguarded "
Has the National Association of Trial Lawyer Executives (NATLE) missed something in its "very thorough investigation"? Take a look at this copy of a mass mailer from Strategic Capital which this author received from a confidential source.
Download strategic_capital_2005_win_trip_hawaii_to_structured_settlement_sellers.pdf
So the National Association of Trial Lawyer Executives (NATLE )now has an exclusive affinity program with a company that offered opportunities for free trips to Hawaii as an incentive for people to sell their payment rights for pennies on the dollar AND continues to falsely advertise on the Internet that it can deliver structured settlement quotes**, (despite having no insurance license)? Set forth in the web page source code of the Strategic Capital website is the following…<TITLE>Strategic Capital Corporation – Free Structured Settlement Quote</TITLE>. That's right, they programmed it that way!
It certainly would not inspire faith in NATLE membership or in our civil justice system if the National Association of Trial Lawyer Executives (NATLE) knew about this in their "very thorough investigation", and chose to ignore it.
**misleading because their quote is for a structured settlement factoring transaction, a term which is legally defined under the Internal Revenue Code at IRC 5891(c)(3) and NOT a structured settlement quote. A structured settlement is separately defined under the Internal Revenue Code at IRC 5891(c)(1).
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