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.
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Category: Leo J. Govoni
Leo J. Govoni was a Florida Non-Profit Founder who together with his accountant was charged with stealing over $100 Million from Special Needs Victims Middle District of Florida | Florida Non-Profit Founder And Accountant Charged With Stealing Over $100 Million From Special Needs Victims | United States Department of Justice
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Florida Non-Profit Founder Leo Joseph Govoni and Tampa Accountant John Leo Witeck have been charged With Stealing Over $100 Million From Special Needs Victims. Judge denies Govoni bail. For disabled and special needs victims “it’s about darn time”.
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Neither BAM, nor Govoni have ever done business with the Chamberlin Plaintiffs, they Claim. BFG is an affiliate of BAM and Govoni. BAM and Govoni Claim Plaintiffs are Seeking to Do an End Around the Loan and Center’s Bankruptcy
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Whether or not allegations against Leo J. Govoni et al. are proven (Govoni disputes the allegations), there are gaps in history that may inform newer industry participants, refresh seasoned participants and/or remind of the importance of due diligence and the need for greater transparency and regulation of unregulated product providers.
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In 2014, Richard and Kimberly Muszynski found $250,000 to $350,000 missing from their daughter Abagayle’s trust fund, managed by the now-bankrupt Center for Special Needs Administration, Inc. They faced challenges recovering the funds and criticized law enforcement, particularly the FBI, for failing to act on their concerns about the mismanagement.
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The Florida Attorney General’s office said in a statement that it is following the case against Leo J. Govoni, the founder of the Center for Special Needs Trust Administration, Inc. and others adding, “we are aware, and the appropriate investigative agencies have been notified. We cannot comment further at this time.”
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Public filings in the Center for Special Needs Trust Adminstration Chapter 11 reveal Top unsecured creditor $4.5M plus; 2nd unsecured creditor $2.296M; 3rd unsecured creditor $2.237M. ELEVEN unsecured creditors with claims over $1M, according to the list of Top 30 Unsecured Creditors.
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Purported $100M in loans were made to Boston Finance Group, a company controlled by The Center’s founder, Leo Govoni..The Chapter 11 filing intends to preserve the going-concern value of its assets and to restructure its obligations for beneficiaries adversely impacted by the transfers.