Investment Losses – Future Income Payments LLC – FIP LLC
The White Law Group continues to investigate potential claims against the sales agents that sold Future Income Payments LLC to investors. The firm has received numerous calls from investors who have lost thousands of dollars in FIP LLC, a pension viatical.
Future Income Payments LLC claims to the “the industry leader and an innovator in buying and selling secondary market pension cash flows, often referred to as Structured Cash Flows.” Structured Cash Flows (a/k/a Pension Viaticals) often target senior citizens with promises of a safe, income providing investment.
State regulators first began investigating Future Income Payments, LLC in March 2015 when the state of California issued a cease and desist order, charging that the company was issuing loans without a license and disguising it as “sales agreements.” Later that same year, the state of Washington followed suit.
The following year, the state of New York reportedly shut down Future Income Payments alleging fraudulent and illegal practices.
Consumer lending regulators from New York, Massachusetts, Iowa, Washington, North Carolina, Colorado, Pennsylvania, and Minnesota are reportedly in agreement that FIP’s pension sales are loans.
Yet, the company continued its bad business practices, reportedly taking advantage of pensioners and veterans.
Recovery of Investment Losses in FIP LLC
The White Law Group continues to receive numerous phone calls from investors who have lost thousands of retirement dollars investing in Future Income Payments, LLC.
If you have suffered losses investing in Future Income Payments, the securities attorneys at The White Law Group may be able to help you recover your losses.
For a free consultation with a securities attorney, please call 888-637-5510.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, and its representation of investors, please visit our website athttp://www.whitesecuritieslaw.com.