by Structured Settlement Watchdog
The attorney for Sovereign Funding Group and David Springer was pounding away at Josue Benitez of Woodbridge on July 18, 2013 when irony came to town
Here is an excerpt of the deposition that this germane to this post. Read the whole line of questioning, which was sourced from an exhibit to a motion made by Sovereign Funding Group and Springer on September 9, 2013:
Q. Is Woodbridge a member of NASP?
A. No they are not.
…
Q. And they (NASP) have certain guidelines for business practices, don’t they?
A. That’s correct.
Q. And they have certain requirements for the companies that are part of NASP, correct?
A. Yes
Q. And they ask those companies to conform to certain business practices?
A. Correct
Q. And would it be correct to say that those companies that would account for roughly 80% of the transactions that are clsoed in the industry are members of NASP?
A. Am I testifying to the figure that you gave…
Q. If you know
A. I don’t know
Q. Well J.G. Wentworth is a member of NASP,right?
A. Yes they are.
Q. And J.G. Wentworth has a very large market share, right?
A. Correct
Q. And when I say ” J.G. Wentworth” i mean J.G. Wentworth and Peach Tree (sic) entity [ note: error was in the transcription by the court reporter]
A. Correct
Q. And Structured Capital is a member of NASP?
A. That I don’t know?
Q. So you don’t know who the members are?
A. All of them no.
Q. Do You know why Woodbridge is not a member of NASP?
A. I do not know.
Q. Do you know whether it’s because they would not agree to conform to good business practices?
A. I can’t speak on behalf of Woodbridge when it comes to that.
Source: PACER.gov Woodbridge Structured Funding, LLC Plaintiff v Sovereign Funding D/B/A WeBuy Payments and David Springer United States District Court District of Maryland Civil Action1-CV-03421-MJG.Document 83-2 pages 52-54
Comments
Interesting and ironic line of questioning when taken in the context that as of September 9, 2013, Sovereign Funding Group is not a member of NASP, according to the NASP List of members posted on the NASP website. NASP List of Member Firms. Here’s a lawyer attempting to insinuate something negative on Woodbridge, for not being a member of a trade group, a point that could be applied to her own clients.
Quite ironic that such questions would be asked, given that David Springer, the President of Sovereign Funding which again, IS NOT a member NASP according to the current NASP list of member firms, ADMITTED UNDER OATH on June 28, 2013 to fabricating “employees” with names such as James Goldstein, Sandy Jackson, James Spelling, and by reference Karen Jones and Melanie Miller (nickname “Minky”) and their use in public facing social media such as Facebook, LinkedIn and Google+ and in submissions to the Better Business Bureau.
“Structured Capital” is not a member of NASP. There are many members of NASP with the word “Capital” in their name, just not in combination with “structured”. Was it a trick question?
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