by Structured Settlement Watchdog
Felon Joe Gargan, former CEO of The Pension Company, Inc. of Arlington Virginia, was sued over $200,000 in unpaid commissions owed to James Brady, a former broker from Orange County California who was formerly associated with The Pension Company, Inc beginning in 2015.
In the Complaint for Damages in James Brady and TPC Pacific, Inc., Plaintiffs vs Joseph Gargan, The Pension Company, Inc.; and Does One through Twenty-Five, inclusive, Defendants, Plaintiffs allege Breach of Contract, Breach of Fiduciary Duty and Financial Elder Abuse.
The matter is pending in the Superior Court-State of California County of Orange Case 30-2020-01129585-CU-BT-CJC and was filed February 4, 2020, two months before Gargan embezzled more than one million dollars from an escrow account meant to pay for a structured settlement for an injured minor, at the tail end of his $8 million embezzlement haul.
Gargan admitted to his crimes in May 2020 and is was scheduled for sentencing September 23, 2020. Gargan was incarcerated at FCI Loretto and FMC Butner, and later granted compassionate release in October 2022 after serving time. Gargan later lost a Bivens claim against prison employees.
Pieces of Gargan’s picture and mounting financial pressures emerged at the time of original publication of this post:
- Devastating divorce
- Failed business ventures
- Death of Father
- Lawsuits by former employees
- Legal bills from Akin Gump
Related Reading
Read a copy of the Brady v Gargan Complaint Download
Read a copy of Brady Default Judgment Against Joe Gargan James Brady Default Judgment vs Joe Gargan 5-28-2021
Convicted Structured Settlement Felon Joe Gargan Released From Prison – Structured Settlements 4Real®Blog October 8, 2022
Joe Gargan Bivens Claim Dismissed | Still Owes Hundreds of Thousands to Ex-Pension Co. Brokers – Structured Settlements 4Real® Blog February 17, 2024
Last updated August 3, 2025