Structured Settlements 4Real®Blog 2026

by Structured Settlement Watchdog

Joe Gargan Granted Compassionate Release

Joe Gargan, convicted embezzler, former structured settlement broker and former head of The Pension Company Inc. who purloined millions of dollars from the United States taxpayers and a New York City area hospital, was granted compassionate release after being incarcerated less than 2 years. The United States Department of Jutice announced June 15, 2020 that Joe Gargan pleaded guilty to the embezzlment.

Gargan spent the majority of his custody at FMC Butner in North Carolina, a joint that housed notorious felons such as the late Bernie Madoff. FMC Butner had a deadly oubreak of Covid-19.

According to Judge Rossie D.Alston, Jr. of the United District Court, District of Alexandria, Gargan” has established that extraordinary and compelling reasons justify his release pursuant to 18 U.S.C. § 3582(c)(1)(A). Accordingly, for the foregoing reasons, it is hereby

ORDERED that Defendant’s Motion for Compassionate Release (Dkt. 39) is GRANTED and
Defendant’s Motion to Vacate Sentence pursuant to 28 U.S.C. § 2255 (Dkt. 41) is DENIED; and it is

FURTHER ORDERED that the custodial portion of Defendant’s sentence is reduced to
time served; and it is

FURTHER ORDERED that the Federal Bureau of Prisons is directed to release Defendant
from confinement no more than fourteen days (14) from the date of this Memorandum Opinion
and Order; and it is

FURTHER ORDERED that upon release, Defendant shall begin serving the three-year
term of supervised release this Court imposed on September 23, 2020; and it is

FURTHER ORDERED that all terms and conditions of supervision remain in full force
and “.

Source:

IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF VIRGINIA
Alexandria Division.

UNITED STATES OF AMERICA 

v.             Criminal Action No. 1:20-cr-110 (RDA)

JOSEPH E. GARGAN,  Defendant. 

MEMORANDUM OPINION AND ORDER

Download Gargan Granted Compassionate Release Sentence Not Overturned 10-4-2022

Original DOJ announcement of Joe Gargan’s Crimes

Eastern District of Virginia | Former CEO Pleads Guilty to Embezzling $8M Intended for Injured Children | United States Department of Justice

In related news, the domain name for ThePensionCompany.com is for sale for $24,888.00

Joe Gargan still owes money to former Pension Company structured settlement brokers

Felon Joe Gargan’s Case: Unpaid Commissions and Embezzlement – Structured Settlements 4Real®Blog

Last updated October 16, 2022