by John Darer CLU ChFC MSSC RSP
What’s with Kendall Coffey?
The legal analyst and former United States Attorney dissed the structured settlement industry in late 2009 in his representation of the former law partners of convicted Ponzi felon Scott Rothstein, by labeling what Rothstein was peddling, structured settlements. The label appeared in a civil complaint although, in my opinion, the description attributed to the alleged transactions described in such document could not reasonably have been considered structured settlements by anyone knowlegeable on the subject. The problem for those of us in the industry is the potential for misperception by those less knowledgeable on the subject.
The criminal complaint against Scott Rothstein mentioned NOTHING about structured settlements
Why has Kendall Coffey proliferated the confusion, in the interest of self promotion, by continuing to post a video interview with Fox News that suggests that Rothstein was actually selling structured settlements? I’ve asked Kendall Coffey to prove it, take down the video, or correct the inaccuracy which led to a storm of misinformation from the national and South Florida Press that we continue to fight to this day.
The Scott Rothstein plea agreement signed and dated January 25, 2010 mentioned NOTHING about structured settlements
The following parties signed Rothstein’s plea agreement
Paul F. Schwartz Assistant U.S. Attorney
Jeffrey K. Kaplan, Assistant U.S. Attorney
Lawrence D. LaVenccho, Assistant U.S. Attorney
Marc Nurik, Attorney for Defendant
Scott W. Rothstein, Defendant
Structured Settlement Watchdog John Darer’s March 30, 2011 email to Kendall Coffey
Following is an email that I sent to Kendall Coffey on March 30, 2011
From: structures@aol.com To: kcoffey@coffeyburlington.com
CC: info@nssta.com, vaughn@nssta.com, mbracy@setcap.com, mkelly@sfainc.com, pbrinkmann@bizjournals.com
Sent: 3/30/2011 12:52:33 P.M. Eastern Daylight Time
Subj: Scott Rothstein posting on your website
If you have written proof of offering circulars or testimony that you can share that Rothstein actually offered structured settlements that can justify your continued posting please supply them.
4structures.com, LLC
We Know Settlement Planning®
43 Harbor Drive, # 309
Stamford, CT 06902
USA
(888)325-8640 Toll-free USA
(203)325-8640 Local/International
(203)561-6560 Worldwide mobile
>Website: www.4structures.com
Blog: http://structuredsettlements.blog/a>
MEMBER: National Structured Settlement Trade Association
MEMBER: Society of Financial Service Professionals
CA License 0761076. Also licensed in other states in the USA
In MA, 4structures.com, LLC aka 4structures Insurance Services
in CA, 4structures.com LLC, aka 4structures Settlement Insurance Agency OF19785
Related Reading
- Scott Rothstein Structured Settlements Misconceptions Debunked – Structured Settlements 4Real®Blog February 1, 2012
- Miami Herald | Latest Reckless Reporting on Scott Rothstein Ponzi – Structured Settlements 4Real®Blog July 9, 2012
- Scott Rothstein “Structured Settlement Investment Fraud” Wasn’t a Structured Settlement – Structured Settlements 4Real®Blog December 11, 2009
- Scott Rothstein Couldn’t Carry Bernie Madoff’s Lunch Box – Structured Settlements 4Real®Blog November 5, 2009
Leave a Reply