DELRAY BEACH, Fla., March 7, 2019 /PRNewswire/ -- DRB Capital, LLC ("DRB") today announced another award to be paid under its "Stop Structured Settlement Fraud" Bounty Program. This company has offered to pay a bounty to an individual who provided information to DRB about an entity allegedly engaged in abusive and illegal acts involving the individual's daughter, who was looking to sell her settlement payments. The company provided the individual with contact information for a local enforcement agency to address their claims.
"I am appalled by the alleged illegal and unethical behavior detailed by this confidant," said DRB's CEO, James Terlizzi. "This type of conduct has no place in society, let alone business, and we hope that the authorities are able to get to the bottom of it quickly."
On August 8th, 2018 DRB established a private fund to pay awards totaling up to $100,000 to those who come forward with information proving violations of various laws in connection with the business of purchasing structured settlement payment rights. Violations include the tax code, violations of state structured settlement protection acts, improper forum shopping, violations of state and federal deceptive and unfair trade practices act, and federal excise tax evasion.
To be eligible for a bounty, your information must be accurate and show these violations to a satisfactory legal standard. You may be required to give testimony to law enforcement and in legal proceedings. Please visit www.StopStructuredFraud.com for more details on how to participate in this program and for the full list of eligibility requirements.
About DRB Capital, LLC: DRB Capital, LLC ("DRB" or the "Company") is a wholly owned subsidiary of DRB Financial Solutions, LLC. DRB is one of the most trusted annuity buyers in America and is a national specialty servicing company. The Company's primary focus is to provide asset management and high touch servicing for investors in specialty finance space. DRB services various asset classes on behalf of commercial banks, hedge funds, private equity firms as well as servicing private placement deals. DRB was founded on the principle that a combination of technology, deep industry experience, collection accuracy and a contrarian view of servicing can make a significant difference in the quality of services provided to institutional lenders and investors. Servicing solutions include asset and esoteric asset due diligence, servicing, data analytics, and reporting, as well as capital markets expertise. DRB is currently servicing in excess of 50,000 units. Visit: www.drbcapital.com.
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SOURCE DRB Capital, LLC