Delray Beach, FL, January 22, 2019 --(PR.com
)-- DRB Capital, LLC (“DRB”) today announced the first award to be paid under DRB’s “Stop Structured Settlement Fraud” Bounty Program. The bounty will go to an individual who provided information to DRB about an entity engaged in unfair and deceptive practices. On August 8th, 2018 DRB established a private fund to pay awards totaling up to $100,000 to those who come forward with information proving violations of various laws in connection with the business of purchasing structured settlement payment rights. Violations include the tax code, violations of state structured settlement protection acts, improper forum shopping, violations of state and federal deceptive and unfair trade practices act, and federal excise tax evasion.
To be eligible for a bounty, your information must be accurate and show these violations to a satisfactory legal standard. You may be required to give testimony to law enforcement and in legal proceedings. Please visit www.StopStructuredFraud.com
for more details on how to participate in this program and for the full list of eligibility requirements.
A spokesman for the company said, "DRB is happy to offer this reward in appreciation of the individual’s assistance in trying to root out bad actors engaged in illegal, unfair and abusive/deceptive behaviors in order to bring them to justice. DRB is forwarding the information provided to the relevant law enforcement agencies and the Florida Attorney General. In addition, DRB intends to file specific complaints with the attorney generals of several states including Florida.”
“Florida’s Deceptive and Unfair Trade Practices Act is particularly relevant here as it is designed to protect a Florida company like DRB from these rampant and outrageous abuses,” said DRB’s CEO, James Terlizzi. “We intend to invoke it in lawsuits against anyone engaged in this kind of conduct toward DRB and are encouraged that law enforcement has already taken an interest in this area and the investigators continue to gather information.”
About DRB Capital, LLC: DRB Capital is a leading purchaser of annuity payments and payments from structured legal settlements. The company offers liquidity and optionality to prospective sellers in need of cash who receive guaranteed and/or life-contingent structured settlements or annuity payments.