Paul Lesti, a California Structured Settlement broker, economist, author, intellectual, and member of both the National Structured Settlement Trade Association (NSSTA) and former President of the Society of Settlement Planners (SSP) has made his firstblogpostin 10 months.
Oddly the subject matter is factoring and the Guide to Structured Settlement Factoring produced by the National Association of Women Judges in conjunction with JG Wentworth
That JG Wentworth contributes $30,000 to the National Association of Women Judges is NOT significant (JG Wentworth is not even the most significant sponsor).
What is significant is there is no sign of the National Structured Settlements Trade Association or the Society of Settlement Planners educating the same judges. WHY? WHY WHY? (to the tune of CNBC's Jim Cramer "Buy Buy Buy")
The members of the National Association of Women Judges ought to be made aware of the "the Great Tort Victim Snow Job of 2007 (a/k/a the "Structured Settlement Factoring Vig" scandal and see to it that the seller of the structured settlement payment rights has been made aware of exactly who is being compensated as a result of the transfer. The judges should consider if it Is it in the "best interest" of the payee if they receive $1,500, $2,000, $5,000 or $10,000 (depending on the size of the transaction) less because the referring structured settlement broker, settlement planner, personal injury attorney, financial planner, or bankruptcy attorney is making an undisclosed and fully negotiable fee.
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