Concerned about your Future Income Payments Losses?
Have you suffered losses investing in Future Income Payment (FIP LLC) at the recommendation of a sales agent or advisor? If so, the securities attorneys at The White Law Group may be able to help you to recover your Future Income Payments losses.
According to the Wall Street Journal, Future Income Payments has closed its doors after at least 25 states have filed enforcement actions or are investigating the company. Estimations of investors’ losses are in the $100 million dollar range.
Future Income Payments, a private market product, is an illiquid, high commission investment. Many advisory firms sell this type of investment to retirees who are looking for better returns than traditional investments.
They may not have realized it but Future Income Payments investors were buying other people’s pensions. The company would target workers entitled to pension payments and temporarily buy the rights to those payments, then they would lend the beneficiaries money against their future pension income in an advance. The company would then sell the rights to investors for a lump sum. It sounds great until the payments stop coming in.
Future Income Payments Losses
The White Law Group has received numerous calls from investors who have stopped receiving payments from Future Income Payments LLC and are looking for help to recover their money.
If you have lost money investing in Future Income Payments, you may have recourse. Please contact our offices at (888) 637-5510 for a free consultation with a securities attorney.
This information is all publicly available and provided to you by The White Law Group.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. For more information on the firm and its representation of investors, please visit http://www.whitesecuritieslaw.com.