by Structured Settlement Watchdog®
Novation Funding, advanced money to Fredrick Shaw, a New Yorker who is quadriplegic, 4 times in 24 months then filed suit against the 50 year old Westbury NY man to get theirmoney back after Mr. Shaw felt we was beings scammed when they tried to get a deal approved in Connecticut, where Shaw DID NOT live
See NYCEF Iapps [Novation Funding, LLC d/b/a WLTI, D/B/A Rainy Day Processing D/B/A Sunshine State v Frederick Shaw Nassau County Supreme Court 603713/2017] Download Frederick Shaw re Novation suit, alleges Novation Funding scam.
According to Mr. Shaw’s Affirmative Defenses filed Pro Se
- “(Mr Shaw) Never refused to pay money. Plaintiff tried to scam closs (sic) to $900K for $338K. When dependant (sic) refused to deal Plaintiff held the defendant’s annuity hostage for 90 days. When the defendant told them to take their money several times but the Plaintiff would not Release the Defendant account unless the deal was done”.
- Note that Mr. Shaw is a quadriplegic and signs his documents with an “X”. His handwritten answer was dictated by him to a friend who assisted with the filing.
In my opinion, after speaking to Mr. Shaw, who is yet another African American New Yorker in vulnerable circumstances apparently targeted by Novation Funding, an investigation needs to be conducted about the proposed deal that Novation was suggesting Mr. Shaw enter into and providing advice. Purportedly an address in another state was set up in contemplation for the transfer. That would be bad.
New York structured settlements annuitants should ALWAYS seek Independent Professional Advice and NEVER, EVER agree to use an address in another state where they do not reside when dealing with a cash now company
- Don’t Lie
- Don’t trust anyone who coaches you to lie.
- Nothing good is going to come from that.
If a company offering to buy structured settlement payments suggests that you do something shady like use an address to Florida, CT, Virginia or a state that you don’t reside, run! If you can’t run, wheel, hobble or hop away fast! Report the company to your state’s attorney general. Report it to the Structured Settlement Watchdog®
Related Reading
- Novation Funding Settles With African American Quadriplegic New Yorker for $10,000 – Structured Settlements 4Real®Blog April 4, 2018
- Novation Funding IS OUT of National Association of Settlement Purchasers – Structured Settlements 4Real®Blog March 4, 2018