OR PHONE (866) 635-1838 for Bankruptcy Help, (866) 635-6190 for Divorce,
(866) 635-2689 for Personal Injury or (866) 635-9402 for Criminal Defense

Find a Local Lawyer

Close This Box!

Paladin Registry Gets Swatted For It's Failure to Research the Facts BEFORE printing

From an email sent to Paladin Registry co-founder Jack Waymire June 6, 2010:

"To Whom It May Concern:

 

It has come to our attention that list yourself co-founder pf Paladin Registry and or writer of an article entitled "Structured Settlement Investment Scam" on November 17, 2009  which is published on Investor Watchdogs. The article was inaccurate when it was written. The continued posting of the article is reckless in that it contains falsehoods about structured settlements that you have been made aware of and is potentially damaging and libelous about our multi billion dollar industry and its members.

 

In addition to the title " Structured Settlement Investment Scam" specifically offensive is:

 

"A structured settlement is usually an insurance arrangement, that includes periodic payments, that claimants accept to settle a personal injury lawsuit. Attorneys who handle legitimate settlements are in a position to route the claimants to particular companies for investment - legal or illegal. It would be easy for a knowledgeable attorney to falsify documents that created fake settlements"

 

You will note that Andrew Cravenho, the President of Settlement Quotes, LLC, a structured settlement factoring brokerage, commented ON YOUR BLOG that what Rothstein was peddling were not structured settlements. Moreover, there has been significant press that makes it abundantly clear that these were not structured settlements. Yet you have done nothing to correct your post.

 

Following is a link to a number of blogs and podcasts concerning our coverage of the Rothstein matter. Following it you will note from the December 1, 2009 post,  that the Criminal complaint against Rothstein has no mention of structured settlements.

http://structuredsettlements.typepad.com/structured_settlements_4r/scott-rothstein-ponzi/

 

Your web site says that you run a "National Registry to find pre-screened, five star rated planners and advisors who provide financial advice and services in your community"as a free Public Service. For "twenty of those years" you say you were "the president of a Registered Investment Advisory firm and a Broker/Dealer".  In your former role and as a "watchdog" you must realize that presenting accurate information is essential.

 

Please cease and desist defaming our industry and either remove or correct your post immediately. Note that this email is being written independently as the structured settlement watchdog but is being copied to the members of the board of directors of the structured settlement industry trade association and others "similarly situated" in the industry.

 

Thank you for your prompt attention to this matter.

 

Very truly yours",