Another Article about Upstate Law Group.
If you were scammed by VFG, BAIC or any other pension assignment company, here are some things to take into consideration when looking at your legal options.
1. If you assigned your pension, it is likely that you can rescind the assignment. Talk to a lawyer. The best thing you can do is stop them from taking MORE of your money. I suggest that if you stop your assignment you do so under the protection of a lawyer, otherwise you may be digging a bigger hole for yourself.
2. If you bought a pension assignment, you may have no right, or at least limited rights, to sue the pensioner. You can’t assume that the company that set up the assignment will be around when it comes time to pay damages. I suggest that you look at suing whoever referred you to the scam company. Usually it is a life insurance agent who is paid a finder fee. Life insurance agents are usually bonded or insured. What they sold you could be an illegal security, and they may be liable for your loss.
I am only taking buyer cases from buyers located in Indiana. I will consider taking a case for a seller out of Indiana if you can’t find an attorney in your state. Most of the time the seller cases will be non-litigation cases, that is, not involving a lawsuit. Also, I will not represent buyers against consumer pensioners.
