by Structured Settlement Watchdog®
Structured Settlement Secondary Market Misleading Marketing Practices Warrant More Legislation and Vigilance to Safeguard American Consumers and Preserve Marketplace Integrity
David Springer of Sovereign Funding Group in Mt. Airy, MD, apparently decided that the best way to win hearts was through a Fiverr bargain bin, snagging a paid testimonial and dressing it up as a genuine customer who’d sold their structured settlement. And thanks to the thrilling absence of regulatory babysitters, this little masquerade strolls away scot-free.
“All She Needs is a Script”
Katie Harvey, a talented Fiverr actress, is a 23 year old Londoner, a passionate Arsenal fan, who charges $5 per 50 words, goes by the name kymmypops and is listed as a Top rated Seller on Fiverr. Katie Harvey | Profile | Fiverr “All I need is a script” she says. According to Fiverr the British actress just joined Fiverr over 2012, which is about when the suspect testimonial was published. on the YouTube channel of the settlement purchaser. On another website Kymmypops is known as Margaret. Still published Karen S Selling A Structured Settlement 2011 Testimonial – Sovereign Funding Group
The same settlement purchaser used video testimonial actress Sam, (Jessica P. in the paid testrimonial) from BuyTestimonials.com, who bills out at $23.96 for 30 sec. and can be found at videotestimonial.org and she was held out as someone who was a customer of the settlement purchaser from New York. Fantasyland! Sovereign Funding Group Sell Structured Settlement Testimonial – Jessica P. New York
Springer/Sovereign History of MisleadingTestimonials
David Springer Mt Airy and the Lawyer Confusion – Structured Settlements 4Real®Blog
and David Springer admitted to use of Fake Identities in June 28, 2013 Deposition
- Sovereign Funding CEO Deposition Transcript | Mt. Airy Man Admitted Falsehoods/Fake Identities – Structured Settlements 4Real® Blog August 10, 2013
- Sovereign Funding CEO Endorsed Himself through Sock Puppets Over and Over – Structured Settlements 4Real®Blog January 4, 2014
Trying to influence consumers through fake testimonials and fake online reviews is despicable in an industry that has recently seen a series of stock photos represented as Kristen, a happy customer by Imperial Structured Settlements. What is the matter with the structured settlement secondary market? Aren’t there testimonials from legitimate customers?
An interesting article I found in Inc. magazine can be found at the link below.
The Anatomy of an Ethical Testimonial by Marla Tabaka
The Federal Trade Commission Steps into The Breach on Fake Testimonials and Reviews in 2024
The FTC Steps in to the breachhe Breach on Fkae Testimonials and Reviews
- Federal Trade Commission Announces Final Rule Banning Fake Reviews and Testimonials | Federal Trade Commission
- 16 CFR Part 465: Trade Regulation Rule on the Use of Consumer Reviews and Testimonials (Final Rule) | Federal Trade Commission August 14, 2024