by Structured Settlement Watchdog®
Nicholas John Jackson, a 35 year old man from Annapolis, Missouri, who claimed on LinkedIn to be a Senior Financial Adviser to David Springer of what a Maryland District Court-later labeled “purported company” Sovereign Funding Group, was sentenced to 80 days in jail after pleading guilty to domestic assault. [ See 12JE-CR04344 – ST V NICHOLAS J JACKSON ] .
This is the 3rd incarceration for Jackson since 2013. Jackson worked for Genex Strategies, Inc. in 2012 on StructuredSettlement-Quotes(dot)com and other websites, when the domestic assault he was charged with occurred.
- 1. That this individual has held himself out as a Senior Financial Adviser in social media, without any license or relevant credentials, is alarming enough.
- 2. It’s another call to action for Missouri state legislators and those in other states, and Congress, to insist on a licensing standard for the structured settlement secondary market just like every other financial profession.
- 3. Such a licensing standard must include background checks just like other financial positions of trust.
David Springer, of Mt. Airy Maryland, admitted in legal testimony to creating and using fake individuals and social media profiles for the fake individuals Springer created, that were used in the advertising and social media of his (settlement purchasing) business.