Structured Settlements 4Real® Blog | Now in 15th Year!tag:typepad.com,2003:weblog-2411512024-03-12T16:55:01-04:00Structured settlement news, information and expert opinion from structured settlement expert John Darer® including settlement planning issues/ ideas, Structured Settlement Watchdog® reports that may be helpful to attorneys, plaintiffs, claims adjusters, judges, the news media, sellers and buyers of structured settlement payment rights and interested others, The style is spicy, Informative, irreverent and effective with the occasional sprinkle of well placed snark. The most prolific structured settlement blogTypePadhttps://structuredsettlements.typepad.com/structured_settlements_4r/2024/03/securities-and-exchange-commission-plaintiff-v-synergy-settlement-services-inc-foundation-for-those-with-special-needs.htmlFinal Judgment in SEC Lawsuit vs Synergy Settlement Services, Lazarus and Prietotag:typepad.com,2003:post-6a00d8341c520753ef02c8d3a75834200c2024-03-12T16:55:01-04:002024-03-13T01:35:01-04:00
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structuredsettlements (John Darer)Lazarus and Prieto each admitted that allegations in Amended Complaint Are True. Synergy to Pay SEC the Net Profits Gained, Prejudgment Interest and a Civil Penalty. Lazarus and Prieto Jt each must pay a Civil Penalty.
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https://structuredsettlements.typepad.com/structured_settlements_4r/2024/03/creditors-committee-assembled-in-center-for-snt-bankruptcy-as-fbi-monitoring-report.htmlCreditors Committee Assembled in Center for SNT Bankruptcy as FBI monitoring | Fox Reportstag:typepad.com,2003:post-6a00d8341c520753ef02c8d3a929af200c2024-03-11T05:34:35-04:002024-03-11T07:06:07-04:00
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structuredsettlements (John Darer)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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https://structuredsettlements.typepad.com/structured_settlements_4r/2024/03/annuity-payment-freedom-strays-out-of-its-lane-in-san-francisco.htmlAnnuity Payment Freedom Strays Out of Its Lane in San Franciscotag:typepad.com,2003:post-6a00d8341c520753ef02c8d3a95a22200c2024-03-10T08:35:22-04:002024-03-10T20:48:39-04:00
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structuredsettlements (John Darer)Are you going to San Fran-cisco? If you do, you'll find some wear structured settlement ignorance in their hair. But there ain't no "summer of love" about this.Structured settlement taxation isn't "all about the payments", it's all about the damages the structured settlement payments represent.
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https://structuredsettlements.typepad.com/structured_settlements_4r/2024/03/prudential-and-pacific-life-again-named-among-most-ethical-companies-in-the-world.htmlPrudential and Pacific Life Again Named Among Most Ethical Companies in the Worldtag:typepad.com,2003:post-6a00d8341c520753ef02c8d3a9209a200c2024-03-07T14:27:28-05:002024-03-07T14:36:45-05:00
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structuredsettlements (John Darer)Congratulations to Prudential and Pacific Life who repeat among the World's Most Ethical Companies, according to Ethisphere.Both Prudential and Pacific Life have been in business for over 100 years and are important players in the structured settlement annuity marketplace
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structuredsettlements (John Darer)Virtually all E&O carriers place some type of insurer insolvency exclusion on their policies, either in the exclusions section of the basic form or by endorsement. E&O carriers have come to the conclusion that an agent's selection of insurers to represent and place business with is wholly within the agent's control.
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https://structuredsettlements.typepad.com/structured_settlements_4r/2024/03/alliance-for-pooled-trusts-pooled-trust-providers-establishing-best-practices-for-the-industry.htmlAlliance for Pooled Trusts | Pooled Trust Providers Establishing Best Practices for the Industrytag:typepad.com,2003:post-6a00d8341c520753ef02c8d3acd193200d2024-03-02T21:57:28-05:002024-03-07T21:21:11-05:00
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structuredsettlements (John Darer)Alliance for Pooled Trusts seeks to provide peer review of the administration of Pooled Special Needs Trusts through the process of accreditation and continual ongoing training opportunities, resources, and tools.
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https://structuredsettlements.typepad.com/structured_settlements_4r/2024/02/center-for-special-needs-trust-admin-chapter-11-11-of-top-unsecured-creditors-owed-1mm-plus.htmlCenter for Special Needs Trust Administration Chapter 11 | 11 of Top Unsecured Creditors Owed $1MM Plus!tag:typepad.com,2003:post-6a00d8341c520753ef02c8d3a85e5a200c2024-02-28T08:23:24-05:002024-03-11T07:11:23-04:00
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structuredsettlements (John Darer)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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https://structuredsettlements.typepad.com/structured_settlements_4r/2024/02/kansas-hb2810-kansas-bill-would-deny-investors-in-structured-settlement-receivables.htmlKansas HB2810 | Kansas Bill Would DENY Investors in Structured Settlement Receivables in an Insolvencytag:typepad.com,2003:post-6a00d8341c520753ef02c8d3abd75a200b2024-02-24T22:38:56-05:002024-02-25T03:01:15-05:00
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structuredsettlements (John Darer)Kansas HB 2810 contains an express exclusion that states and makes it clear that investors in structured settlement receivables HAVE NO SAFETY NET in the event of insolvency of the annuity issuer. HB2810 was introduced February 20, 2024.
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https://structuredsettlements.typepad.com/structured_settlements_4r/2024/02/bengaluru-torpedo-leadlst-pitches-nssta-members-with-lists-of-nssta-members.html"Bengaluru Torpedo" | Leadlst Pitches NSSTA Members with Lists of NSSTA Memberstag:typepad.com,2003:post-6a00d8341c520753ef02c8d3abb944200b2024-02-23T10:44:38-05:002024-02-24T09:06:59-05:00
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structuredsettlements (John Darer)National Structured Settlements Trade Association members were spammed by "Bengaluru
Torpedoes" pitching fellow members details.The web domain corresponding to the spam email is registered in Bangaluru, claiming a Delaware Head Office. State of Delaware records say otherwise
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https://structuredsettlements.typepad.com/structured_settlements_4r/2024/02/class-action-lawsuit-filed-in-response-to-100m-special-needs-trust-administration-scandal.htmlClass Action Lawsuit Filed in Response to $100M FL Pooled SNT Administration Scandaltag:typepad.com,2003:post-6a00d8341c520753ef02c8d3a7c00f200c2024-02-21T10:16:28-05:002024-03-01T07:11:38-05:00
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structuredsettlements (John Darer)This SNT Class Action Lawsuit is a BIG DEAL exposing a lack of governance/oversight for financial and nonprofits for vulnerable disabled persons..A tragic loss to the victims with special needs. No way to sugarcoat the level of deception and incompetence if one is to believe what's in Class Action Complaint.
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https://structuredsettlements.typepad.com/structured_settlements_4r/2024/02/structured-settlement-receivables-what-liability-insurers-need-to-know.htmlStructured Settlement Receivables | What Financial Professional Liability Insurers Need to Knowtag:typepad.com,2003:post-6a00d8341c520753ef02c8d3abaa1a200d2024-02-18T09:04:56-05:002024-02-22T12:26:46-05:00
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structuredsettlements (John Darer)What properly informed professional liabllity insurer wants to undertake a risk when consumers may be pitched structured settlement receivables by potential insureds under a fraud that some individual has sold a structured settlement annuity and the investor is buying a structured settlement annuity?
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structuredsettlements (John Darer)Joey Gargan still owes due money to brokers that were previously affiliated with The Pension Company.. One broker stiffed by Gargan, has an unpaid judgment against Gargan and is owed hundreds of thousands of dollars in commisssions. When will Joey Gargan pay his debt?
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https://structuredsettlements.typepad.com/structured_settlements_4r/2024/02/center-for-special-needs-trust-adminfiles-chapter-11-loans-taken-from-centers-beneficiaries.htmlLargest Administrator of Pooled SNTs Chapter 11 | Center for Special Needs Trust Administrationtag:typepad.com,2003:post-6a00d8341c520753ef02c8d3ab6c69200d2024-02-15T14:55:26-05:002024-03-01T06:45:59-05:00 ]]>
structuredsettlements (John Darer)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.
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https://structuredsettlements.typepad.com/structured_settlements_4r/2024/02/chegg-a-lug-chegg-problem-solved-bereft-of-structured-settlement-reality.htmlChegg a Lug | Chegg "Problem Solved" Bereft of Structured Settlement Realitytag:typepad.com,2003:post-6a00d8341c520753ef02c8d3ab326f200d2024-02-13T07:24:38-05:002024-02-15T06:51:04-05:00 ]]>
structuredsettlements (John Darer)A business entity cannot suffer a personal injury within the meaning of IRC § 104(a)(2),. See P & X Markets, Inc. v. Commissioner, 106 T.C. 441 (1996), aff’d in unpublished order,Source: Lawsuits, Awards, and Settlements Audit Techniques Guide (Internal Revenue Service Rev.5/11/)
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https://structuredsettlements.typepad.com/structured_settlements_4r/2024/02/sold-all-your-structured-settlement-payments-until-2045-now-what.htmlSold All His Structured Settlement Payments Until 2045 | What Now?tag:typepad.com,2003:post-6a00d8341c520753ef02c8d3a65944200c2024-02-06T11:57:55-05:002024-02-06T16:32:32-05:00 ]]>
structuredsettlements (John Darer)John Darer delivers a riposte to structured settlement factoring company exaggerated advertising (that features ghost town tumbleweeds, stereotyped slackers "waiting at the mailbox for checks to arrive" (when many people are actually receiving funds by direct deposit).
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https://structuredsettlements.typepad.com/structured_settlements_4r/2024/02/connie-klingler-settlement-consultant-and-nssta-board-member-1972-2024.htmlConnie Klingler Settlement Consultant and NSSTA Board Member (1973-2024)tag:typepad.com,2003:post-6a00d8341c520753ef02c8d3aa0316200b2024-02-04T20:22:51-05:002024-02-06T07:26:23-05:00 ]]>
structuredsettlements (John Darer)Connie Liane Klingler, a settlement consultant with Alliant in Tampa and an NSSTA Board Member has died after a short illness. She was 51. May her memory be a blessing.
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https://structuredsettlements.typepad.com/structured_settlements_4r/2024/01/california-dreaming-approach-to-ca-mans-1990-structured-settlement-is-word-salad.htmlWord Salad Mania | Legacy-Funding Bangs on California Man's 1990 Structured Settlement in 2024tag:typepad.com,2003:post-6a00d8341c520753ef02c8d3a9ca90200d2024-01-30T20:54:13-05:002024-01-31T18:19:19-05:00 ]]>
structuredsettlements (John Darer)In the "Spurious Case of Gwendolyn Glutton", a Florida operative in the structured settlement factoring interstitial, solicited a California structured settlement annuitant in a manner than needs to be exposed for the educational purposes, the good of humanity and connoisseurs of word salads everywhere.
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https://structuredsettlements.typepad.com/structured_settlements_4r/2024/01/plantiff-inclusive-justice-train-rolls-on-into-2024--1.html"Plantiff" Inclusive Justice Train Rolls on into 2024 tag:typepad.com,2003:post-6a00d8341c520753ef02c8d3a8de36200b2024-01-22T08:20:45-05:002024-01-25T15:43:49-05:00 ]]>
structuredsettlements (John Darer)Is there any other civil court docket in the United States that catches the herein celebrated judiciary of Henry County Georgia? Henry County State Court judges have been hearing an exceptionally "judicious" amount of "Plantiff" cases since at least November 2019, according to docket research.
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https://structuredsettlements.typepad.com/structured_settlements_4r/2024/01/will-corporate-transparency-act-affect-structured-settlement-factoring-companies.htmlWill Corporate Transparency Act Affect Structured Settlement Factoring Companies?tag:typepad.com,2003:post-6a00d8341c520753ef02c8d3a89ec9200d2024-01-20T06:38:39-05:002024-01-20T09:59:33-05:00 ]]>
structuredsettlements (John Darer)The bipartisan Corporate Transparency Act, signed in 2021, mandates most U.S. firms to report specific identifying information about their ownership. The Corporate Transparency Act became effective January 1, 2024.
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https://structuredsettlements.typepad.com/structured_settlements_4r/2024/01/structured-settlement-commutation-riders-should-be-revisited-before-estate-tax-cuts-expire.htmlStructured Settlement Commutation Riders Must Be Revisited Before Estate Tax Cuts Expire in 2025tag:typepad.com,2003:post-6a00d8341c520753ef02c8d3a45658200c2024-01-15T15:25:48-05:002024-01-16T14:56:20-05:00 ]]>
structuredsettlements (John Darer)A Responsive Structured Settlement Commutation Rider helps maintain the benefits of structured settlement payments for survivors by assuring that only the amount necessary to pay the shortfall in the obligation to pay off liens (with an SNT), and/or tax liability (as the case may be)