Structured Settlements 4Real®Blog 2026

by Structured Settlement Watchdog®

True SMA LLC, a firm named after the scam label “Secondary Market Annuities”, used by scam labelers in place of structured settlement receivables, is offering negotiation services to structured settlement annuitants who have contracted with buyers of structured settelment receivables. 

The firm claims to be able to negotiate better deals for structured settlement annuitants seeking to sell structured settlement payments but then takes a rapacious, out of touch amount of the money from the poor bastards selling their annuities. Following the breadcrumbs from a recent True SMA LLC business dealing has revealed reason to question True SMA LLC’s business practices.

True SMA LLC’s Outrageous Charges

According to page 2 of a copy of a True SMA LLC sale of structured settlement consulting services agreement obtained by the Structured Settlement Watchdog from a confidential source  (see link below), True SMA LLC, charges 40% of the increase in purchase prce they can negotiate up to $50,000 and 33% of any excess.  That’s truly an outrage. By contrast another company I am aware of would charge far far less on any increase. Think about it. If True SMA LLC increases the offer from the buyer by $100,000, you owe them $20,000+13,333 which equals $33,333, on a $50,000 deal you owe them 40% on dollars that are already heavily discounted.  Download True SMA LLC Sale of Structured SettlementConsulting Services Agreement with Excessive Fees

True SMA’s contract gives only 3 calendar days to cancel,  as opposed to 3 business days that are deemed required by structured settlement protection acts for structured settlement transfers. And there is a 10% rip off liquidation of damages clause.

The attempted business dealing involved the transfer of structured settlement payment rights from a structured settlement annuity issued by Massachusetts Mutual Life Insurance Company. At the time of True SMA’s interaction with a structured settlement annuitant, the annuitant had a transfer petition pending in a California Court since DRB Capital LLC filed it on August 13, 2018, with a purchase price of $462,590.44.

Investigation into Tue SMA, LLC Reveals Irregularities and a Massiuve Conflict of Interest

• The California annuitant was approached by an individual purportedly named Austin Miller. “Austin Miller” engaged with the annuitant ostensibly to provide consulting services to see if he could improve upon the offer in the DRB Capital LLC petition pending in San Joaquin County, CA.  We believe that Austin Miller is a fictitious name.
  
• During the course of discussions with the annuitant, True SMA LLC via its “representative” “Austin Miller” presented a Letter of Intent on letterhead of Titan Structured Funding, LLC with a New York City address, believed to be a virtual address.  Download Titan Structured Funding LLC Letter of intent 
• Titan Structured Funding, LLC shows as inactive on Sunbiz.org since October 2013, but the original filing shows Ryan Connors as one of the managing members and an address, then in Oakland Park, FL.
• When the California annuitant attempted to back out of the consulting services agreement, he was met with a threat from “Austin Miler”. The threat included a Docusign certificate.  “Austin Miller” goofed up since the the address matches up to an address at 9 Royal Palm Way, Unit 505  Boca Raton, Florida, that has been associated with Ryan Connors, according to multiple public sources.  Furthermore the consumer disclosure for the Docusign supplied by “Austin Miller” has Ryan Connors’  name all over it.  Hilarious.  Download True SMA LLC Docusign Austin Miller and Ryan Connors
• The Delray Beach address for True SMA LLC matches up to the principal address for Sunbiz.org record for Capital Source Consulting, LLC in Delray Beach. Manager is listed as Ryan Connors on Sunbiz.org. The latter was administratively dissolved last week due to failure to file annual report.
• So  is “Austin Miller” Ryan Connors? Is what we’re looking at Ryan Connors a/k/a Austin Miller poaching DRB Capital LLC, while double dipping for the confiscatory rates in the True SMA LLC consulting servicing agreement, Austin/Ryan having convinced  the annuitant or so he thought) that he is working in the annuitant’s best interest?

True SMA LLC’s Self-Inflicted Wound

The name of the True SMA LLC company itself “saddles up” the dishonorable and fraudulent marketing of structured settlement receivables as annuities.  What investors are being solicited to buy that is labeled a secondary market annuity is not an annuity. Poor Linda Cooper and her husband were sold a structured settlement receivable “dressed” in the scam label by Somerset Wealth Management, as a safe investment, investing Mr. Cooper’s retirement funds from years of back breaking work on a Navy base.  Not a single one of the promised payments have been paid to the Coopers at time of posting. True SMA uses the scam labeled term Secondary Market Annuity in discussing its “proprietary methods” that its contract shows cost sellers big time. 

Since the term Secondary Market Annuities is a fraudulent portrayal of structured settlement receivables it’s ironic that Austin Miller has delivered a self inflicted wound by naming his company “True SMA”. Maybe you will figure out the Hobson’s Choice. Gave me a chuckle it did.  Spoiler alert, is it “True” SM “A”?

In my personal opinion, based on what I’m seeing, as I’ve described above, any approach by True SMA, should be rejected until they get their shyte together.  True SMA LLC is not a good deal for annuitants at all on this showing.