Putting Shambolic Reporting About Structured Settlements in its Place
- The company (Peachtree) offers so-called structured settlements…” Jeff Ostrowski April 5, 2013 Palm Beach Post Our response
- “Heavy-hitting Fort Lauderdale attorney (Scott Rothstein) dealt in bogus
structured settlements, bought a golden toilet then ratted out the mob when it all went south”. Adam Beasley Miami Herald July 7, 2012 Our response - “the company (Imperial Holdings) is also involved in the structured settlement business, which involves a plaintiff settling a lawsuit in exchange for periodic payments over time”. ” Brian Bandell February 8, 2011 Our response
- ” Imperial is a specialty finance company offering structured settlement payments” Brian Bandell South Florida Business Journal September 27. 2011
- “Structured settlements have been in the news in South Florida during the past year because Ponzi schemer Scott Rothstein’s $1.4 billion con was based on non-existent structured settlements” August 16, 2010 South Florida Business Journal Our response
- “the traditional structured settlement is essentially an annuity. If, for example, a law firm were to settle a major case with the City of Miami that would pay out over one year, the firm might go to its lender bank and ask to borrow against the settlement. But when a settling party has a sketchier track record of creditworthiness, plaintiffs can sell their settlement stake to investors who assume the risk at a premium” November 13, 2009 Brian Baxter Am Law Daily (not from South Florida but equally bad on Rothstein and mislabelling of structured settlements) Our response
- November 3, 2009-the Miami Herald shamelessly quotes Florida personal injury attorney Ira Leesfield, in an effort to let readers know what structured settlements really are but fails to explain that what the convicted felon ex-lawyer Scott Rothstein was peddling were not structured settlements.
In all these cases, despite a wealth of credible information about structured settlements at the ready, it has been overlooked or ignored time, and time again, by the South Florida reporters.
Annuity.org, based in Orlando has picked up the mantle of structured settlement misinformation and inaccuracy in recent years.
Let’s try to do better in the future folks.
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