How To Recover Your Investment Losses In Future Income Payments, LLC?
The Wolper Law Firm is currently investigating claims against sales agents who sold interests in Future Income Payments, LLC, one of the largest pension cash flow originators in the United States.
Future Income Payments, LLC was based in California until 2015, before the State of California issued a cease and desist order, prohibiting Future Income Payments, LLC from engaging in the business of a finance lender or broker in the state of California without a proper license. Future Income Payments, LLC has since moved to Nevada.
For a copy of the Cease and Desist Order, click http://www.dbo.ca.gov/ENF/pdf/2015/Pensions%20Annuities%20and%20Settlements%20LLC%20dr.pdf
What Is Future Income Payments?
Future Income Payments, LLC holds itself out as one of the nation’s leaders in selling pension plans and structured early retirement buyouts. In essence, Future Income Payments pays pensioneers their retirement benefits in the form of an annuity or lump sum and, in exchange, the pensioner assigns Future Income Payments, LLC the future rights to their pension. What pensioneers may not appreciate is that the retirement funds are significantly discounted to a net present value and the pensioner does not get the full value of his/her retirement.
Who Is Selling These Opportunities On Behalf Of Future Income Payments, LLC
Future Income Payments, LLC has sales agents that contact individuals and solicit them to “cash” in their retirement for a discounted lump sum even though the company does not hold the appropriate licenses. It has also been reported that outside investment professionals have been retained to sell these opportunities in exchange for a high commission. Among the outside companies reportedly tapped by Future Income Payments, LLC include Black Harbor Wealth Management, Horter Investment Management, Pickett Financial and the Hidden Wealth Solution.
What Should I Do If I Was Contacted By A Sales Agent To Participate In Early Retirement Benefits Through Future Income Payments?
If you or someone you know has been solicited regarding Future Income Payments, LLC or a structured settlement for advance retirement benefits, please contact the Wolper Law Firm at 800.931.8452 or by email at email@example.com to discuss your specific situation and the legal options available. The Wolper Law Firm represents investors nationwide in securities litigation and arbitration.
Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. Simply put, he knows how the other side evaluates cases, which gives you a competitive advantage.
Have You Lost All Or Part Of Your Pension Investing In Future Income Payments, LLC?
Wolper Law Firm, P.A., which has a national securities litigation practice, announces that it is investigating claims involving Future Income Payments, LLC. According to Future Income Payment, LLC’s website, it claims to be “the industry leader and an innovator in buying and selling secondary market pension cash flows, often referred to as structured cash flows. In reality, Future Income Payments, LLC was not a flourishing business entity but rather a $100 million scam operated out of a Nevada strip mall.
At least nine states have issued cease and desist orders, accusing Future Income Payments, LLC of issuing loans without a license and disguising them in “sales agreements.” Another fifteen states are currently pending agency action or investigation.
Through a network of financial advisers and insurance agents, Future Income Payments, LLC marketed these agreements to individuals (nearing the age of retirement) across the country. The agreements were then sold to third parties. Financial advisors and insurance agents pitched Future Income Payments, LLC as a means for investors to obtain a lump sum distribution of their future cash flows from a pension and, in turn, invest that money in other securities or insurance products that would generate a capital gain. Unfortunately, pensioners were unaware that the deals were structured as a loan against their pension with payback interest rates that were exceedingly high and often times in violation of state usury laws. The high repayment interest has jeopardized or eviscerated the pension accounts of participating retirees, leaving them financially devastated.
What Should I Do If I Invested In Future Income Payments, LLC?
If you purchased your Future Income Payments, LLC investment from a licensed financial advisor or insurance agent, the Wolper Law Firm, P.A. can help you recover your investment losses. Brokerage firms and insurance companies may be held responsible for the misconduct committed by the financial advisors and insurance agents that they employ.
The Wolper Law Firm, P.A. offers a free consultation and case evaluation and all cases are handled on a contingency fee basis, meaning you pay us nothing unless we recover money on your behalf. You can contact an attorney at the Wolper Law Firm, P.A. at 800.931.8452, or firstname.lastname@example.org.
Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters.