2011 CURRICULUM VITAE
Expert in Present Day Secondary Market Evaluation of Assets
involving Future Payment Streams with an emphasis on Structured
Settlement Annuities
Summary and highlights of professional experience:
Since 1994, Eugene A. Ahtirski has been one of the most
active participants in all areas of the secondary
“factoring” market pertaining to the purchase, sale and
evaluation of future payment streams including, but not
limited to, structured settlement payment rights, casino and
lottery payouts, as well as entertainment industry residuals
(hereinafter “ payment stream”).
Acting in the capacity as an attorney as well as an advisor,
consultant, and expert to various “factoring companies”, Mr.
Ahtirski is extremely well known for not only his ability to
offer a present day evaluation of an annuity, but also for
his ability to obtain the best possible purchase price for a
payment stream.
Detailed qualifications, industry experience, publications,
and career experience:
Specifically, over the course of the past 16 years, Mr.
Ahtirski:
· Has
brought in excess of 6,000 petitions for Court approval of
transfers of structured settlement payment rights, in 43 of
the 47 states that allow for Court ordered sales and
transfers of structured settlements.
· Mr.
Ahtirski has also prepared independent financial evaluations
as to the liquidation value of future payment streams on
behalf of purchasers, sellers, investors, and forensic
accountants in over 500 matters.
· Acting
in the capacity of an independent professional advisor, Mr.
Ahtirski has also represented over 1,000 individuals
assisting each to obtain the best possible purchase price
and valuation of a payment stream.
· Mr.
Ahtirski has drafted over 100 “opinion” letters, on behalf
of private investors and factoring companies, outlining the
legal and financial risk associated with the purchase of a
particular payment stream.
· Pursuant
to the initial legislative framework of the California
Structured Settlement Protection Act as set forth in CA Ins.
Code Section 10134
et seq., an interim report was required to be prepared
by the office of the California Attorney General on behalf
of the State legislature in 2003. Mr.
Ahtirski actively assisted the California Attorney General
in the preparation of that report offering insight into the
Superior Court’s interpretations of the Act. Mr.
Ahtirski was specifically singled out by the Office of the
Attorney General due to his having already brought in excess
of 1,000 Petitions for Court approval of structured
settlement payments in less than 2 years since the inception
of the Act in 2002.
· Thereafter,
Mr. Ahtirski has authored, co-authored, and contributed to
numerous articles and web blogs regarding the specific and
unique factors that surround each sale of a future payment
stream. Publications
include articles in “Present Value”, a consumer marketing
publication issued by J.G. Wentworth, and most recently, the
November/December 2010 issue of “Forum” magazine, the
official monthly publication of the Consumer Attorneys of
California (attached hereto) regarding both the overall
effect on the secondary market industry of recent 2010
amendments to the CA structured settlement protection act,
as well as the interpretation of the same by California
Superior Courts.
· Mr.
Ahtirski has also acted as Outside Counsel on behalf of the
majority of the factoring companies in the secondary market
structured settlement purchasing industry at one point or
another from 1996 to present. Some
of the various companies that Mr. Ahtirski has represented
over the years include:
1. J.G.
Wentworth, Inc.
2. 321
Henderson Receivables, LLC,
3. Stone
Street Capital, Inc.
4. Strategic
Capital Corporation, Inc.
5. Peachtree
Settlement Funding, LP
6. Structured
Settlement Investments, LP
7. R&P
Capital, Inc.
8. Colonial
Settlements, Inc.
9. Future
Annuities of America, Inc.
10. North
Eastern Capital Funding, Inc.;
11. Law
Cash, Inc.; and
12. Andres
Financial Group, LLC
As outside counsel for each of the above referenced
companies, Mr. Ahtirski has not only drafted, underwrote,
and completed final review of underlying purchase and
transfer agreements, but has also managed the process of
overseeing the bringing of Petitions for Court Ordered
approval of the sale and transfer of structured settlement
payment rights in 43 of the 47 states that currently have
state and federal statutory schemes allowing for sale of
such payment streams.
· Mr.
Ahtirski is also currently retained on an on-going basis by
most of the separate factoring companies listed above as
both a Consultant and an Expert to “troubleshoot” and
address “unique” and complex issues involving both
individual transactions and global changes to the process of
obtaining Court ordered approval.
· Additionally,
Mr. Ahtirski is also regularly retained by both private
investors, and forensic accountants, including his most
recent assignment just completed in January 2011, wherein
Mr. Ahtirski acted as a consultant to a retained expert in
forensic accounting in a complex family law dissolution
matter involving a community estate in excess of 100 million
dollars in assets in order to:
1. Provide
a present day evaluation of an annuity for purposes of
possible
liquidation;
2. Locate
the best possible price available for the asset in the
secondary
factoring
market;
3. Negotiate
a form of Order acceptable to both Petitioner and Respondent
in
the
underlying dissolution matter, neutral to outside issues as
to the
characterization
of the asset as either community or separate property; and
4. Perfect
the sale of the asset including the locating of a qualified
purchaser
offering
the best discount rate for the payment stream, the drafting
of all
related
pleadings pertaining to the sale of the annuity, the filing
and
ultimate
successful Court approval of the sale of the asset. (See In
re:
Marriage of Boucher, Los Angeles Superior Court Case BD
479129.
Eugene A. Ahtirski, Curriculum Vitae, Page 4 January 1, 2011
· Currently
retained as an advisor to the board of directors of a
recently re-branded New York Exchange Listed Financial
Services Company in order to provide insight and direction
into the secondary market for the purchase of future payment
streams. (Please see Key
Professional References set
forth below).
Pro Bono Legal Activities
1997-2002 – Judge Pro Tem, Municipal Court, Los Angeles
Judicial District.
Education and Licenses
1990 – United States Claims Court – Admitted to Practice in
the U.S. Claims Court.
1989 – Supreme Court of the State of California - Admitted
to the Practice of law.
1989 – State Bar of California - Admitted as a Member of the
State Bar.
1989 – Untied States District Court, Central District of
California – Admitted to Practice.
1989 – Southwestern School Of Law – Degree of Juris Doctor.
1986 – University of Southern California – Separate Bachelor
of Arts Degrees in Political
Science
and Communications Arts and Sciences.
1982 – Los Angeles Valley College - Associate in Arts
Degree.
Key Professional References
Igo A. Zey, MSFS, CFP®,
CLU®, ChFC®, CAP®, AEP®
President and CEO, Zey Insurance Group
11835 W. Olympic Blvd. Suite 745
Los Angeles, CA 900064
(310) 477-0694
President: Igor Zey
Brot & Gross, LLP
15260 Ventura Boulevard, Suite 1500
Sherman Oaks, CA 91403
(818) 594-0800
Partner: Shelley
L. Albaum
Mangosoft, Inc. (OTC:
BB: MGOF)
108 Village Square, Suite 315
Somers, NY 10589
(914) 315-9756
Chairman and CEO: Dennis
M. Goett
Structured Settlement Investments LP
4629 State Road
Drexel Hill PA 19026
(610) 789-9399
President: Michal Betzig
Strategic Capital Corporation, Inc.
575 Madison Ave, Suite 1006
New York, NY 10022-2511
(866) 256-0088
COO: Shawn
Richmor
Call Toll Free 1 800 200 4384
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