The Scamming State
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Two years ago I began warning women about the loan scams that were beginning to pop up like weeds on Facebook. It began when I was on a support group run by Jane Akre, but I was trying to get my own life back after having three surgeries in nine months, so I no longer went on that group. I just wanted to be happy and I found support groups were not a place to move forward in your life. I still feel that way.
What happened back then was, I received a note from a woman I know and she told me about a woman who was hustling women to take loans from her because of their lawsuits, and this was all on Jane Akre’s Mesh Medical Device Newsdesk support group. At that time it was an open group, but soon after all this happened and she kicked me off for asking questions she did not want to answer, Akre closed it. The problem was when she she closed the door there were all kinds of people in this group such as lawyers and scammers. I know this for a fact because of what happened next.
When I went to the group after I was told a scam was taking place on a group that was actually supposed to be all about support, this woman was trying to get women to sign up with her ‘loan lending against your case, scheme’. I challenged the woman as to what she was doing and then I was bombarded with Akre’s group of female wolves who wanted to go after me for doing it. I kept alerting Akre by using her name but it took three days before she responded. Then she took the whole thread down filled with angry comments against this woman, instead of speaking out against what this woman was doing, she just ignored it all. It really told a story about Jane Akre and definitely not a good one.
A day later, the woman pops up again and I was alerted by women who told me she was nothing but a bottom feeder. I went to the page and there she was stating “I don’t know why everyone is mad at me, because Jane invited me here”. That comment went down quickly but was definitely noticed by other women. Obviously Akre was watching all the time and this comment did not suit her because it told that she was the one responsible for a scammer being on her group.
Jane Akre lives in Florida, which I am sad to say has become the number one scamming State in the U.S. I found this article and here is part of it.
South Florida is the organized fraud capital of America.
MIAMI — Psssst — need a phony ID? A fraudulent tax refund? Insurance money from a sham car crash? Florida may have just what you’re looking for. Since the first settlers hacked their way into the mangrove tangles and drained much of the swampland, sunny South Florida has been virtually synonymous with shady deals and scams.
Over the past decade or so, the three most populous South Florida counties — Miami-Dade, Broward and Palm Beach — have become less renowned for old-school “Miami Vice”-style drug shootouts than for scammers stealing hundreds of millions from the government, banks and individuals by using laptops, stolen identities and fake medical procedures.
The South Florida unit’s share of that? More than 1,500 defendants through last September.
Stealing from Medicare can require a large organization: crooked doctors, people to handle the billing, patients willing to accept kickbacks, and so on.
Among those recently charged is Dr. Salomon Melgen, a prominent Palm Beach County eye doctor also accused in a corruption indictment with his friend, New Jersey Democratic Sen. Bob Menendez. Melgen, who has pleaded not guilty in both cases, stands accused of falsely diagnosing patients with eye conditions and performing unnecessary procedures to bilk Medicare out of as much as $105 million.
What’s more, it covers every area of scamming and stealing.
Paul George, a Miami-Dade College history professor who specializes in South Florida, noted that the region’s reputation as a haven for schemers dates to the land speculation boom of the 1920s, when alligator-infested swampland was marketed to Northerners as a slice of tropical paradise. Today, with the area such a melting pot, it’s no wonder South Florida is also a cauldron of creative crime, he said. You can read the entire article here
So why am I writing this today? It is because when you are having health issues and sign up with a lawsuit, you become a target. You can avoid it for the most part by being aware, setting up blocks on your phone and not answering calls from people from business’s you don’t know. However, when you are lonely because of mesh injuries, you often do things that you would otherwise ignore. Today I want to share with you the proof that this is still going on.
So what should you do if you receive a phone call? First contact your lawyer and tell them of any phone calls or solicitations you receive including the name of the company and number. This is the ONLY way to protect other women that you don’t know. It is time to speak out where it will be most effective. Don’t post like this woman did? If you are going to post on a support group, give all details just as you would to your lawyer, including the number. Warn women to NEVER pick up the phone to answer a call that they do not know who it is from. Be helpful to others and give as many details as possible. That is what I call supporting other women through support groups.
Here is my problem with these groups. Facebook support groups are notorious places for marketing loans to women and you have no idea who you are really talking to. Much of it is from people who set themselves up on these groups saying they are mesh injured but they are on there to watch everything you say. This has happened more than once and I am now going to give you more information about lawsuits lenders.
One company who has been around selling for a while, I first learned about more than two years ago. It is called Lawsuit Settlement Funding.com but it also has another name. Legal Bay LLC. They have a great advertising website including video and at first glance you may think they are the answer to all your problems. But are they? First read this.
WE PROVIDE LAWSUIT CASH ADVANCES IN AS LITTLE AS 24 HOURS! (NO CREDIT CHECK NEEDED)
The Lawsuit Settlement Funding Co., a division of Legal-Bay LLC, provides legal funding, cash advances and settlement loans within 24 hours to plaintiffs who have retained a lawyer and have a pending lawsuit waiting for settlement.
It is a simple 3 step process that starts by filling out the quick application to the right. Someone will contact you and then your lawyer -at your approval- to get case documents and find out the details about your lawsuit settlement. We will then give you a free case evaluation of what we think your settlement is worth and how much we can loan to you in advance. Once you are approved, you will receive your cash advance loan immediately. IT’S THAT SIMPLE!
NO RISK or UPFRONT FEES, PAY ONLY IF YOU WIN YOUR CASE!
The best part is there is zero risk to you, the plaintiff. There are no upfront fees for the free case evaluation – until we actually fund you. And even better, if you don’t win your case you don’t have to pay the money back at all. That’s right, The Lawsuit Settlement Funding Co. takes 100% risk by investing in your case.
NO PAYMENTS OR PAYBACK UNTIL YOUR CASE SETTLES!
The Lawsuit Settlement Funding Co. does not require you to make any monthly payments whatsoever – until your case has been settled. Feel free to spend your cash advance as you see fit without the worry of having to make a payment on the loan until you have actually received your lawsuit settlement award. Always remember that if it sounds too good to be true, it is!
Where is this company doing business? They advertise they have been around for twenty years and do business in the following States.
Lawsuit Funding States
California Florida Georgia Massachusetts Nevada New Jersey New York Ohio Pennsylvania Texas
You can find numerous lawsuit loan lending companies with the click of a mouse. This is another one.
Certified Legal Funding (CLF) provides accident victims with low-cost cash advances and pre-settlement accident lawsuit funding while awaiting pending litigation or negotiations due to auto accidents or other personal injury cases.
It has an 855 area code, so I looked it up and this is what I found.
Area code 855 is a non-geographic area code, meaning that it is not associated with any particular city, state, province, or country. Area code 855 is a toll free number, that recently joined the list of 800, 888, 877, 866, and 844 toll-free numbers. Possibly Cambodia.
Then the next one looks highly professional and looks like a lawyer’s site. It is called ‘Any Loans’. I could not find any location on this site at all, so this one reminds me of the ones that roll through Facebook. This should be a HUGE warning sign. This is what I found when I did a search.
AnyLaysuits.com announces website Redesign-PR Web.
May 5, 2014 – AnyLawsuits.com is a great resource for plaintiffs who need … and fill out the lawsuit loan application form, or call 877.386.3379 to get started.
I tried to find out more about this company but it is like they are a ghost. The prweb is a huge warning sign because these are the same type that roll through Facebook and the same type that Jane Akre now has on her own site, that she calls her supporter. She probably has one or more of that companies people on her support group, so watch out. Don’t believe anything other than she is paid by these people to snare more injured people, so they can sell then on to lawyers. They are marketers only, not lawyers. When I was researching to find more about them, I read this article.
Lawsuit Loan Advertisements
Perhaps you’ve seen the advertisements on daytime TV. A smartly dressed executive promises that you can have your money NOW if you can’t wait until your personal injury suit settles. Lawsuit loan companies market mainly to plaintiffs in personal injury suits, like traffic accidents, slip and fall cases and medical malpractice. Some lenders also lend money to heirs waiting for settlement of a deceased person’s estate or to plaintiffs in employment or civil rights discrimination suits.
For someone facing high medical bills or the loss of income after an accident, the thought of getting money from a lawsuit right away can be enticing. But, is it in your best interest to borrow against a future settlement or judgment?
How Lawsuit Lending Works
Lawsuit funding is a relatively new product offered to plaintiffs who expect to settle or win a judgment in a lawsuit. Here’s how it works.
After you file a personal injury lawsuit, you apply for the loan with a lawsuit funding company. The company evaluates your case to determine how much you can expect to get if you win or negotiate a settlement (the vast majority of personal injury cases are settled before trial). The lender offers you a sum of money immediately. In exchange, you agree to pay the lender that sum of money (the principal) and a “funding fee” out of the proceeds of your settlement or judgment. Usually you don’t have to make any payments before you settle the case or get a judgment. The lender gets paid from the proceeds of the lawsuit judgment or settlement.
The Cost of Borrowing against Your Future Lawsuit Proceeds
The “funding fee” can run between 2% to 4% per month. That may sound like a reasonable amount, but it equates to annual percentage rates of 27% to 60% or more. Considering that your lawsuit could take years to resolve, it is quite possible that you might pay back double or triple the money you borrow.
Repaying the Litigation Funding Lender
The loan is paid from the judgment or the settlement funds after other expenses are covered. When you reach a settlement with the defendant or when you obtain a judgment in court, certain expenses will be paid off the top. These expenses include:
- The attorney’s fee. In personal injury cases, the attorney’s fee is often one third to one half of any recovery you are awarded.
- The expenses of litigation, like process server fees, copy costs, and court costs.
- Medical liens for services you got from doctors, hospitals, or other medical providers.
When all other expenses are paid, the lawsuit lender gets paid from the remainder.
Example 1: Settlement after One Year
You sue XYZ Insurance Company for $100,000 because of injuries you suffered in a traffic accident caused by one of the company’s insured drivers. A lawsuit lender evaluates your case and offers to lend you $25,000 at 3% per month.
A year later, your case settles for $100,000. The attorney’s fee, litigation expenses, and medical liens total $50,000. Of the remaining $50,000, you must pay the litigation lender the principal of $25,000 plus its funding fee of approximately $12,500. You then receive the remaining proceeds of $12,500.
$100,000 Settlement amount
– $50,000 Attorney’s fee, litigation expenses and medical liens
– $25,000 Principal repaid to Lawsuit Lender
– $12,500 Funding fee owed to Lawsuit Lender
$12,500 Remainder to You
What If You Lose the Case or Settle for Less Than What You Owe?
On the plus side for the consumer, if you lose your case you don’t have to repay the loan. This is a risk that the lender takes and one of the reasons the cost of a lawsuit loan is higher than other types of loans. Likewise, if you settle for less than expected, you will not have to pay more than the amount of your settlement.
Example 2: Settlement after Two Years
Let’s say the case in Example 1 takes two years to settle instead of one. You will owe the lender the principal of $25,000, but the funding fee will balloon to $32,000. In that case, the lender will receive the principal of $25,000 and the remaining $25,000 of the settlement. That leaves a deficit of $7,000. You won’t get anything from the lawsuit settlement, but you don’t have to repay the $7,000 to the lawsuit lending company.
$100,000 Settlement amount
– $50,000 Attorney’s fee, litigation expenses, and medical liens
– $25,000 Principal repaid to Lawsuit Lender
– $32,000 Funding fee owed to Lawsuit Lender
This is something else you need to think about.
Little or No Regulation of the Lawsuit Lending Industry
Above all, keep in mind the following: For the most part, state and federal agencies do not regulate litigation funding companies in the same way that they regulate banks, credit unions, and even storefront finance companies. There are few restrictions on how much they can charge for their services and few requirements as to how interest rates and other terms are disclosed.
Those figures DO NOT COVER things like the additional percentages lawyers have added to our tort cases so you more than likely will come out with nothing. What they also do NOT cover is what happens if your case is thrown out, just like the women who got caught up with Jane’s advertiser, Dr. Christopher Walker.
Getting a quick fix may help you avoid losing your home or paying for surgery in the immediate time line. However, if your home is on the chopping block you would better serve yourself by finding a company to buy you out as quickly as possible, to avoid foreclosure, or going to your lender and presenting a case which includes doctors you have gone to, when temporarily you can pay interest only. But a quick fix weren’t work in the long run and sometimes it is better to downsize, sell out and cut your losses.
The problem with surgery loans is, they will only take care of the immediate surgery but women often need more than one if they have incontinence or prolapse after removal. The biggest problem is that when you are in such a bind, you often go to a doctor who will offer you a good deal but can leave you more damaged. Then you still have to find a way to get to a doctor who CAN help you, or at least find out what is going on and then fix you. This happens because most doctors do ONLY revision surgeries and they lie when you ask them if they are removing it all.
More damage than you already have, means you cannot work. It also means depression for many women and their lives’ go into a tailspin.
You may wonder why I am writing this, if you missed the last two blogs and don’t know what has happened with Akre’s advertiser, Dr. Christopher Walker. Women’s cases are being thrown out because of a pack of lies. Two other doctors are also involved, so here they are.
This is a follow up to the first blog. http://www.meshangels.com/medical-insurance-fraud/