by Structured Settlement Watchdog®
Ex-Peachtree Employee Christian Palombi Failed Extortion Attempt
Former Peachtree Settlement Funding “manager”, Christian Palombi, 40, of 3-D West Gate Lane, Boynton Beach, Florida was arrested and charged with one count of extortion as the Palm Beach County cash now for structured settlement “financial cess pool” has churned out a new piece of notoriety.
Peachtree Settlement Funding “caters to people seeking to sell structured settlement payments, annuity payments, life insurance policies, lottery prize payments, sweepstakes awards, and sports contract payments” and provides “cash advances to people with pending personal injury claims.”. They have been a frequent target of the structured settlement watchdog for false advertising associated with “Cash now”.
Palombi’s $10 million demand on Jan. 21, 2010 Failed
He also sought an apology and the termination of his non-compete agreement. He threatened to share information about the company and its customers with the Internal Revenue Service if his demands were not met and gave the attorneys a Feb. 18 deadline to comply, according to the arrest affidavit.
Palombi apparently had symptoms of “Shaken Tree Syndrome” when he appeared at the Greenberg Traurig offices in Miami with two boxes of documents and a laptop computer to meet with the two attorneys.
There Palombi encountered Miami-Dade investigators, who arrested him and took Palombi for questioning.
Miami-Dade County – Miami-Dade Police Department (miamidade.gov)
Court Case and Outcome
Public records show the case was filed in February 2010 (State case no. 132010CF0052180001XX) in the Palm Beach County Circuit Court. The charge was classified as a felony involving threats/extortion. Palombi was placed on three years of probation beginning September 22, 2010, with a scheduled end date of September 22, 2013. The bond was discharged on February 19, 2010, and the case was closed in September 2010. Although Palm Beach County’s online docket no longer displays older felony cases, the incident is confirmed by the original news report, which remains available.
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