by Structured Settlement Watchdog®
There is no secondary market regulator in Florida, but there should be. In the absence of a regulator, an investigation should be done into the Cedric Martez Thomas deal looking through the lens of Novation Settlement Solutions advertising to the public
Novation acquired a high dollar value deal from a 21 year old last month that was approved in Okeechobee 
County which between Novation and 365 Advance bore a corpulent profit margin in excess of an estimated $1.4 million. Figuratively it’s a case for a financial “Special Victims Unit”
Here is what Novation Settlement Solutions advertises
“Maximum Payouts and Quick Decisions”
Whether you are selling all or part of your structured settlement payment stream, you should make sure you can trust the company you are working with. Novation Settlement Solutions is the most respected purchaser in the industry, with a time frame guarantee if you don’t get funded in time. You should be able to access your money when you need it. Novation Settlement Solutions provides maximum payouts so that you can put your money toward your immediate needs”.
Clearly 21 year old Cedric Martez Thomas got nowehere near a “maximum payout”.Thomas was totally shafted, with long term consequences to come
By comparison I was able to find multiple companies that would top Novation Settlement Solutions and 365 Advance Services. One buyer said they would have paid about $2.5 million in cash, compared to the $1,037,000 that the Cedric Martez Thomas received.
When it comes to structured settlement transfers, maximum payouts come from careful and thoughtful consideration, NOT quick uninformed decisions