Maryland AG takes action against Access Funding

By Mark Iandolo | May 16, 2016

BALTIMORE (Legal Newsline) – Maryland Attorney General Brian E. Frosh announced that his office filed a lawsuit against Access Funding LLC and other affiliated companies for allegations of misleading lead paint poisoning victims to convert future structured settlement payments into immediate cash.

According to Frosh’s office, Access Funding would target young, intellectually impaired Marylanders who had been exposed to lead paint as children. The company would allegedly convince these victims that it was in their best interest to change their settlement structures to immediate cash. In reality, the victims would receive a fraction of the amount of money they would have received over time.

"Victims of lead paint poisoning suffer permanent cognitive injuries. Structured settlements are a lifeline that provides long term care and support," Frosh said. "My office will fight to prevent vulnerable Marylanders from having their money taken from them through illegal practices."

Frosh seeks restitution for alleged victims of the scheme as well as civil penalties against Access Funding.

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