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: Structured Settlements 4Real

Structured Asset Funding Trade Secret Case: Michael Asseff... You Rang?

By John Darer

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July 2nd was this author's birthday. Among the wonderful calls, cards and Facebook sentiment was a hang up, apparently from Michael Asseff's cell phone at 848pm. Michael Asseff Called 7-2-2010

Asseff's company, Structured Asset Funding, is:

  1. Still a "fast cash now pusher"
  2. Still, in our opinion,  undermining the concept of sound financial planning by advertising that a valid reason for selling structured settlement payment rights for  "fast cash now", is to buy a new car (that looks like a  $100,000+ Ferrari), or a boat.

Michael Asseff is:

  • Still listed as one of two managing members of Bentzen Funding Solutions according to the Florida Secretary of State www.Sunbiz.org. Through its "President of Business Development", Rhonda Bentzen , Michael Asseff and his partner have had a unique window into the settlement planning world and the Society of Settlement Planners. Bentzen has been telling folks that she's now backed by a multi-billion dollar publicly held corporation to fund her transactions, but there has been no change in the State of Florida records.

On June 14, 2010 we reported that a pending lawsuit filed by Structured Asset Funding against two of its former employees included sordid allegations against Asseff in the answer and counterclaim and included a copy of one of the defendant's answers. As of June 28, 2010 court records now show "deft joshua c wander's and 1341 capital llc's motion to strike scandalous and impertinent allegations from complaint answer to remainder of complaint and amended counterclaim Party: Defendant Wander, Joshua C. Defendant Oddo was due to be deposed on June 30, 2010 although it is not clear if that proceeded. 

If Asseff has any information about the case to share we'd be happy to see it. 

Full post as published by Structured Settlements 4Real on July 04, 2010 (boomark / email).

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