How to Recover Investment Losses in Future Income Payments – FIP LLC
Have you suffered investment losses in Future Income Payments – FIP LLC – at the recommendation of a sales agent or investment adviser? If so, the securities attorneys at The White Law group may be able to help you recover your losses.
The White Law Group is representing numerous investors across the country in claims against their financial advisors and investment agents, such as Black Harbor Wealth Management, Porath Financial Services, Pickett Financial, JP Snyder and the Hidden Wealth Solution.
FIP, LLC claims to be America’s largest pension cash flow originator, “the industry leader and an innovator in buying and selling secondary market pension cash flows, often referred to as Structured Cash Flows,” according to its website, which has recently shrunk to a single page.
According to an article in the Wall Street Journal last week, Future Income Payments is run by Scott Kohn. At this point, at least 25 states have taken enforcement actions or launched investigations into FIP.
As we told you in April, 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 FIP LLC in New York alleging fraudulent and illegal practices.
Despite the enforcement actions, the company allegedly continued taking advantage of pensioners and veterans as recently as 2018.
Risk of Structured Cash Flows
A Pension Cash Flow is income that is originally received by a pension recipient which originates from one of several institutions including state and federal government retirement plans or investment-grade corporation pension plans.
The investor pays a lump sum in exchange for an assignment of the right to collect payments due to the seller. Unfortunately, it doesn’t always work that way. The maturity of the product is typically long, sometimes as long as twenty years, and it is illiquid. Then there is always the risk of breach of contract, as seen in the cases with Future Income Payments.
The White Law Group is currently representing numerous investors who have lost hundreds of thousands of dollars investing in Future Income Payments LLC (FIP LLC).
If you have suffered losses investing in FIP LLC, the securities attorneys at The White Law Group may be able to help you recover your losses.
Please call now for a free, no obligation consultation with a securities attorney at 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 athttps://www.whitesecuritieslaw.com.