There was an article recently in the Wall Street Journal about the collapse of a company called Future Income Payments. It was a really sad story.
There was a couple in the article and a nice picture of them. They have lost a big part of the money they had set aside for retirement and are in pretty bad financial condition.
It is alleged that they lost that money in a scheme perpetrated by a company called Private Income Payments which would buy pensions and sell the rights to the payments to investors in a little known, and to be …Read More