by Structured Settlement Watchdog
The purpose of this post is to alert Citrine Capital to stop sending solicitations to a New York structured settlement annuitant
- The annuitant has a structured settlement that was established when he was a minor. He has no intention to sell and claims that he has told representatives of Citrine Capital Finance to stop.
- The Citrine Capital Finance solicitation refers to the annuitant addressee as a client even though the annuitant has never sold any payments.
- Where I come from, someone is a suspect, prospect, but not a client, until they choose, (IF they choose) to do business with you.
Analysis of Citrine Capital Finance’s Messaging
Aside from the repeat mailers that have disturbed a New York resident, Citrine Capital Finance demonstrates a failure to understand their own business, as evidenced by “Accelerate your Payments to Receive Cash Now”
- FACT: A structured settlement transfer involves the transfer of structured settlement payment rights. The structured settlement annuitant transfers the rights to receive certain payments in exchange for a cash payment to another party in exchange for cash consideration that amounts to pennies on the dollar. The buyer of the structured settlement payment rights does not assume ownership of the annuity, because with a structured settlement, the qualfied funding asset (annuity for the purpose of this discussion) remains owner by the qualified funding asset.
- FACT: A structured settlement transfer does not involve “the acceleration of structured settlement payments”. The portion of the structured settlement payment to the transferee or its assigneee is made according to the original schedule.
Who is Citrine Capital Finance?
Citrine Capital Finance is not related to Citrine Capital out of San Francisco. Different domain names are used. The San Francisco outfit uses citrinecapital.com while the Citrine Capital Finance uses “citrinecap.com. But it is notable that both entites use the same color scheme. of orange and black.
What is Citrine?
Not to be confused for the French word for lemon, which is “citron”…
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a light greenish-yellow
See Citrine Gemstone | Natural Citrine Stone – GIA
Citrine, the gemstone, is a light greenish‑yellow variety of quartz — a far cry from the orange‑and‑black branding used by both Citrine Capital Finance and the unrelated registered investment adviser, Citrine Capital of San Francisco. On a hunch based on Ryan Blank’s involvement with Get Gold Cash, I placed two calls last week to the toll‑free number for Citrine Capital Finance and asked for Ryan Blank. On the second call, the person who answered told me to “hold on for Ryan Blank.” I asked that they relay a simple message: have Citrine Capital Finance stop calling the New York annuitant who already told them to stop.