Vets accuse SC lawyers of ripping off vets
Stars & Stripes reports that three veterans, Chad Wright, an Army veteran from South Carolina, Marine veteran Jason Lyons of New Jersey and Army veteran Adrian Russo of Maryland, have filed lawsuits against Candy Kern-Fuller and Arkansas businessmen Andrew Gamber and Mark Corbett and their related companies for bilking them out of their pensions;
“The behavior alleged in the complaint is reprehensible,” said Anne Richardson, an attorney with Public Counsel, which is representing Wright, Lyons and Russo for free. “The victims are veterans who served their country and were injured in the line of duty. Instead of offering them fair business terms, we allege that the defendants looked to bilk them out of their disability benefits through illegal high interest loans.”
According to the suit, Kern-Fuller’s law firm in Easley “has acted as the central bank for the scheme.”
The article claims that the Securities and Exchange Commission is also investigating the lawyers who bought veterans’ pensions with high-interest loans.
It’s always been my motto that you can’t cheat an honest man. None of these lenders are your friends.
Category: Veterans in the news
Sounds like some All-Points Logistics deals….
Oh, people…. how many times do you have to be told if it sounds too good to be true, it probably is.
There is ALWAYS a catch. ALWAYS!!!!
What idiot trades their pension for a loan??? How is that even possible?
It’s actually more common then you would think. Includes people selling Structured Settlement Payments and annuities. Remember those annoying j.g. wentworth commercials? Leeches all of them…
The late not so great Freddy Gray of the Baltimore riots fame was a structured settlement recipient from a claim of lead paint poisoning. He received a settlement of several hundred thousands of dollars, but instead of using that money to improve his lot in life, he cashed it out for pennies on the dollar. I wonder if the settlement that his family got from the city of Baltimore was structured.
Lawers of a Bernathian variety.
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