Skip to content

Structured Settlements 4Real®Blog 2026

Structured settlements expert John Darer reviews the latest structured settlements and settlement planning information and news, and provides expert opinion and highly regarded commentary. that is spicy, Informative, irreverent and effective for over 20 years.

  • About the Author
  • Find What You Need
  • Links
  • Guide to Structured Settlements 2026
  • Copyright and Trademark Notice
  • Comments
  • Useful Calculators, Charts and Glossary

recent posts

  • 🔥Founder and Former CEO of 777 Partners, Joshua Wander, Pleads Guilty⚖️ to $500 Million Fraud Scheme — DOJ Confirms Double‑Pledging, Misappropriation of Structured‑Settlement Funds, and Falsified Bank Statements
  • The Steering Problem Needs a Wake‑Up Call
  • Companies Still Using the Incorrect Term “Secondary Market Annuity”
  • Canonical: Non‑Qualified Assignment (NQA)
  • ⭐ THE 18–25 GUIDE TO STRUCTURED SETTLEMENTS

about

The STRUCTURED SETTLEMENTS 4REAL® Blog is a highly regarded source for structured settlement news, information, and commentary, led by structured settlement and settlement planning subect mater expert John Darer CLU ChFC MSSC CeFT RSP CLTC. With two decades of operation, the blog and 4structures.com are recognized as comprehensive resources, offering detailed guides and specialized insights. Established in 2005, the blog caters to a broad audience, including legal professionals, injured individuals, families, and various stakeholders, providing reviews and opinions on settlement planning. John Darer, President of 4structures.com LLC, is a seasoned structured settlement expert with over 40 years of financial services experience and 31 years specializing in structured settlements. Based in Stamford, CT, he is a Certified Financial Transitionist and Registered Settlement Planner, holding insurance licenses in 45 states and the District of Columbia. John Darer is dedicated to transparency and advocacy, he emphasizes the importance of engaging trained and licensed professionals for settlement planning, offering valuable insights through his investigative journalism and professional commentary.
  • Twitter
  • Facebook
  • Instagram
Fiduciary Doody | $100M Loan to Boston Financial from Special Needs Trusts on Personal Guarantee

Fiduciary Doody | $100M Loan to Boston Financial from Special Needs Trusts on Personal Guarantee

March 5, 2024
 
by John Darer CLU ChFC MSSC CeFT RSP CLTC

There was a veritable flood of information disclosed today in the Center for Special Needs Trust  Center for special needs trust adminstartion chapter 11Administration Chapter 11 Bankruptcy

However, there was no information about Boston Financial Group’s actual use or intended use of the money. On May 3, 2024, the Bankruptcy Trustee served a subpoena for the records, files, etc., on Boston Asset and Boston Financial. 

But Leo J. Govoni PERSONALLY guaranteed the loan!

The Trustee in Bankruptcy has alleged in a comprehensive Complaint filed against Boston Financial Group an outstanding indebtedness to the debtor (Center for Special Needs Trust Adminstration) of $142,000,000 (Principal of $100MM and accrued interest of approximately $42MM), with a personal guarantee by Leo J.Govoni.
 
Source: Epiq website tracking the case

Mind-numbing numbers which began in 2009 under a “revolving line of credit” that was amended on numerous occasions, until the circus tent collapsed of course in 2022-2023.  

Simply gobsmackingly astonishing stuff! 

Centers for special needs trust boston financial group loans

 
 
 
 

Share this:

  • Share on X (Opens in new window) X
  • Share on Facebook (Opens in new window) Facebook

Like this:

Like Loading…
Posted in Boston Financial Group lawsuit, Fiduciary “Doody”, Leo Govoni Boston Financial Group, Leo Govoni Guarantee, Leo Govoni Lawsuit, Pooled SNT Chapter 11, Pooled SNT Lawsuit
←Insurer Insolvency Exclusions in Agents/Brokers Errors & Omissions Insurance Policies
Ethisphere 2024: Prudential and Pacific Life Again Named Among Most Ethical Companies in the World→

Designed with WordPress

Discover more from Structured Settlements 4Real®Blog 2026

Subscribe now to keep reading and get access to the full archive.

Continue reading

%d