by Structured Settlement Watchdog
Structured settlement conflict of interest for cash now pushers 101:
How do you balance?
A. The wish of a structured settlement investor to remain private and
B. The world of the desperate seller of structured settlement payment rights whose lack of privacy is akin to sitting in a 'well traveled' bathroom stall halfway through a football game at the stadium, miserably contending with the side effects of the 3 alarm chili dogs you ate for dinner, with a dwindling "roll" of sandpaper like "TP", and having the door flung open by the "lager lout" who believes you meet the most interesting people kicking open random bathroom stalls.
The 'Answer' based on recent collective observations of the structured settlement secondary market, here's what I've seen and heard.
For Investors
- Establish LLC's in jurisdictions that are the US equivalent of Switzerland for each individual buyer of structured settlement payment rights.
For Cash Now Pushers and Investors (random observations)
- Scrape more court records than ever and employ as many flunkies to do so as you can.
- Hold yourself out as a financial advisor or financial consultant when you do not possess the relevant credentials or licenses.
- Establish more websites and promote them as if they were real companies, but that don't in fact exist, using privacy registrations in countries that don't subscribe to the Hague Service Convention and, in some cases made up names. Buy fake Fiverr testimonials for $5 to promote your company with people who have never used your product but 'prostitute' themselves to say they did. Buy stock photos and hold then out as your customers. Imply that you are a member of NSSTA when you're not, submit fake information to the Better Business Bureu because you know they probably will never remove your rating as long as you pay them [cases in point to be named later]
- Bombard the sellers with post cards, phone calls and drop ins.
- Encourage forum shopping and then aid and abet the commission of a fraud by coaching the seller to attest to a staged domicile as if you are doing them a favor. Throw in illicit drugs when you pick them up from the airport in West Palm Beach, Fort Lauderdale, Tampa or Miami. Cruise over to Sumter County and get chummy with Judge Michelle Morley (pre-March 2014)
- Up sell and churn those "suckers'
For Sellers
What do they actually do about their privacy?
I have a feeling the issue will come to a head soon. Investors should do their due diligence and be careful, very careful who they buy deals from.