by Structured Settlement Watchdog®
More fraud from Einstein Structured Settlements. Make that two non-existent promotional stunts by the structured settlement secondary market’s standard bearers in false advertising and deception.
Einstein’s San Francisco Structured Settlement Sale Seminar Promotion Exposed As a Scam
Before the phony Chicago Structured Settlement Planning Seminar hyped in Chicago Crains in December 2014 (which I heroically exposed as a non-event linked to Einstein Structured Settlements, a JRR Funding brand), there was another gem— the “San Francisco Structured Settlement Sale Seminar.” This one was advertised on SanJose.com to occur on September 24, 2014, at 8 p.m., in the “Structure store” at the Westfield Valley Fair Mall. Today, I spoke with the store manager, and surprise, surprise—no such event ever happened.
Structure, the brand that strutted into Express Men in 2000, is now part of the men’s fashion world, with stores like the one in question still open at 8 PM and serving stylish customers—at least according to the manager. Meanwhile, the phone number (561)270^6159 from a suspicious sell-structured-settlement ad leads to getastructuredsettlement(dot)com**, which bizarrely connects to fatlossbands(dot)com. And guess who’s tying it all together? JRR Funding’s Richart Ruddie, Vice-President and Registered Agent, based in Fort Lauderdale, Florida. Sounds like a plot twist from a corporate soap opera!
Postscript March 2017. Read Reputation Management Fraudster Richart Ruddie Pays Up in Scam Slam, Plea Bargained in Rhode Island Criminal Case]
and I have evidence that apparently other structured settlement purchasers, including a member of NASP were inveigled in this “bollocks bolognaise” link baiting with another “seminar” in Dallas. Upon information and belief the NASP member in question used Richart Ruddie and Ryan Blank for its SEO until sometime earlier in 2015.
- Should legislators and regulators be looking at bogus advertising pitches discussing structured settlement investments?
- Should legislators and regulators be looking at companies that promote themselves with paid fake testimonials?
The likes of Owings Mills Maryland bred Ryan Blank and Richart Ruddie (as well as others like them) are enabled and emboldened by the lack of regulation of solicitation in the structured settlement secondary market. They are simply exploiting the regulatory chasm
Think about what one has to do to pitch investors in regulated financial products like securities. With structured settlement payment rights, just about any huckster can be an affiliate marketer.
The JRR Funding chicanery finally caught up with them in January 2018, as their frauds saw the Maryland Attorney General set a 7 year ban on JRR Funding, AnnutySold and related companies.
** Postscript getastructuredsettlement(dot)com now redirects to einsteinstructuredsettlements(dot)com.