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.
recent posts
- Daily Rates Are Often an Important Cost Driver of Structured Settlements
- 🔥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)
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Category: Joe Gargan Embezzlement
The Joe Gargan Embezzlement is a collection of posts concerning the sad tale of felon Joseph E. Gargan, Jr., a former structured settlement broker and owner of The Pension Company, Inc., a former structured settlement firm who abused his position of trust and embezzeed money from the United States government, from money entrusted to him from a New York hospital meant to fund a minor’s structured settlement.
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Joseph Gargan, the former settlement‑industry executive who pled guilty in 2020 to stealing nearly $7 million in structured settlement funds, attempted to end his federal supervision early — and the court rejected the request. Although the judge refused to cut supervision short, the three‑year term has since run its natural course. Gargan Sought to Terminate…
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Joe Gargan, the convicted felon and head of structured settlement broker The Pension Company,. who purloined millions of dollars from the USA taxpayers and a New York City area hospital, was granted compassionate release after being incarverated less than 2 years.
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Michael K. Eidman, the attorney for a New York minor’s family submitted a letter to Judge Alston in support of Gargan’s request, which stated that Gargan had made full repayment of more than $1,032,750.00 that Gargan had embezzled from the NY minor’s medical malpractice settlement
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Convicted felon Joseph E. Gargan, a disgrace to the structured settlement industry begin to serve his sentence for millions of dollars embezzled in crimes against the US government and a NY State Hospital. Gargan, 60 has been given inmate number 02366-509 by the Federal Bureau of Prisons.
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Once the United States learned of Mr. Gargan’s embezzlement, it allocated new funds to purchase the agreed upon annuities for the victims. As a result, each of the settlement agreements listed in Count 1 have been fully satisfied (by the US. Government)
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Felon Joe Gargan, former CEO of The Pension Company, Inc., faces a lawsuit for over $200,000 in unpaid commissions to broker James Brady. Allegations include Breach of Contract and Financial Elder Abuse. Gargan admitted to embezzling over $1 million and was sentenced in 2020, later receiving compassionate release.
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Joe Gargan embezzled $6.925M from the United States plus more than $1M from a Westchester NY hospital, money earmarked for children. The United States transferred $15.925M to The Pension Company to purchase structured annuities and execute 6 settlement agreements from 2015-2019.
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Ponzi schemer Bernie Madoff, spent over a year at FMC Butner before passing away on April 14, 2021. In 2020 Gargan pleaded guilty to embezzlement of government funds & wire fraud, embezzling $8M in settlement money, including money intended for minors and sentenced to 70 months in the clink..