Charles Oliver / The Hidden Wealth Solution- Future Income Payments – Investigation
The White Law Group is investigating potential claims involving Future Income Payments and Charles Oliver of The Hidden Wealth Solution.
Are you concerned about investments you have made in Future Income Payments (FIP) at the advice of Charles “Chuck” Oliver if The Hidden Wealth Solution? If so, the securities attorneys at The White Law Group may be able to help.
According to its website, Future Income Payments (aka FIP, LLC) 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.”
According to the LA Times in March 2017, Future Income Payments LLC was based in California until state officials issued a cease-and-desist order , charging that the company was issuing loans without a license.
In 2015, Washington State entered a cease-and-desist order against the firm, and in 2016 the state of New York followed suit, ordering FIP to cease operations and pay back any interest charged, plus a $500,000 penalty, for allegedly operating illegally in the state and charging customers up to 130% interest.
Despite being banned from operating in multiple states as an unlicensed lender, including California, Illinois, Iowa, New York, Virginia, and Washington., Future Income Payments reportedly opened new operations in the city of Henderson, outside of Las Vegas, just a couple of months after California officials shut them down.
Structured Cash Flows (Pension Viaticals) often target senior citizens with promises of a safe income providing investment. In reality, they are risky and complex. They typically aren’t registered with the SEC and they are illiquid, which means they are difficult to sell.
Investigating Potential Claims
The White Law Group continues to investigate potential claims against the sales agents that sold Future Income Payments LLC. The firm has received calls from several investors alleging that Charles Oliver of The Hidden Wealth Solution may have unsuitably recommended that they invest in Future Income Payments.
If you are concerned about investments you made in Future Income Payments he recommendation of Hidden Wealth Solution, please contact the securities attorneys at The White Law Group at (888) 637-5510 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Vero Beach, Florida and Chicago, Illinois.
For more information on The White Law Group, visit www.WhiteSecurtiesLaw.com.