by Structured Settlement Watchdog®
Michele Determan Hsu, Senior VP Marketing of structured settlement "cash now pusher" Stone Street Capital, blogs that she wants to have an open discussion with the structured settlement "primary market" to address "cash now". What's to address? It's fraud!. It seems that the intent is merely to draw more traffic to its website.
Andrew Cravenho, one of the youngest and most intelligent in the factoring industry gets it because he doesn't push "cash now". Here's what he says:
"Technically speaking, an annuitant cannot receive “cash now” when involved in a structured settlement factoring transaction. These types of transactions need to be court approved which takes an average of 6-8 weeks and in some states longer.
The primary market’s main concern of the secondary market is the advertising practices that some companies in the secondary market continue to use. If companies in the secondary market can clean up some of these problems, the primary market may look upon the secondary market with a brighter light".
On December 12, 2008 Structured Settlements 4Real® carried the a story about Prosperity Partners which supported our position that "cash now" advertising when you cannot deliver it as such is a fraudulent inducement.
MIchele Hsu can discover a lot of what she needs to know by reading the categories and a number of the 1,580 posts of this blog. The "cash now pushing" and "financial crack dealing" has been going on for years.
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