by Structured Settlement Watchdog®
When it comes to structured settlements, trust licensed professionals who actually understand the fine print. Avoid seeking advice on the purchase of insurance products, including the placement of structured settlement annuities for you or your child, from individuals who lack an active insurance license or are not properly credentialed or licensed as financial advisers.
JRR Funding Appears to Solicit Insurance Guidance Services without a license
Using Einstein Structured Settlements brand
JRR Funding, is a Florida Company, operating out of the Baltimore Maryland/DC area, that has somehow escaped regulatory scrutiny engages in both “selfie” promotion and appears to be soliciting insurance without a license using its Einstein Structured Settlements brand.
A number of structured settlement factoring companies provide information about the primary side of the structured settlement marketplace, but JRR Funding, through Einstein Structured Settlements appears to take it a step further. In a page discussing Structured Settlement Rates that insinuates JRR/Einstein’s ability to place structured settlements is:
“As you can see, Structured Settlement Rates can be very involved and complicated, and this is exactly why… always recommend the guidance of a firm like Einstein..”
According to state records, as of January 1, 2016:
- Ryan William Blank was licensed in Maryland in 2012, but his license has been expired since 2013. There is no record of his alias Ryan Einstein being licensed in Maryland or Florida. There is no record of Ryan Blank licensed in Florida
- Richart Ruddie holds no insurance license in Maryland or Florida, where JRR Funding is based and he is the registered agent and manager
- Jamison Chewey holds no insurance license in Maryland or Florida.
- Einstein Structured Settlements holds no insurance license in Maryland or Florida
- JRR Funding holds no insurance license in Maryland or Florida
- Consumers of structured settlements can easily check whether or not an individual or company is licensed through the same online verification tools.
A series of fraudulent ads promoting “settlement planning seminiars” in Chicago and San Francisco were used by JRR Funding/Einstein Structured Settlements in 2014
As I have previously documented, a number of fake, paid testimonials were used by JRR Funding/ Einstein to promote its business. The fake testimonials testimonials use paid actors and actresses who, at $5 to $25 a pop are falsely portrayed actual customers of Einstein Structured Settlements.
False claims were used to project superiority over competitors
Among other fraudulent claims by JRR Funding/ Einstein Structured Settlements websites is “Not every broker is as qualified as Einstein..”, so don’t assume that they are.
A broker should at least be a Licensed Health, Life and Disability Agent, and possess recognized professional credentials that can be easily verified. He should also carry Errors & Omission Coverage”. As I’ve shown above neither Einstein, nor the listed principals are licensed in Maryland or Florida.
On the website of AnnuitySold, another Richart Ruddie/Ryan Blank associated brand, there appears the fraudulent claim that AnnuitySold is licensed to purchase in all 50 states
In 2018, following a Maryland Attorney General investigation, AnnuitySold and related entities were banned from doing business in Maryland for 7 years.
Much of what is posted on Einstein Structured Settlements is not well researched and is often poorly articulated.