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In 2015, California’s Attorney General sent FIP a cease-and-desist order, instructing the firm to stop operating in the state because its services amounted to predatory lending, and the firm was not licensed through state banking regulators. (Photo: Shutterstock)

Five lawsuits against individuals serving as middlemen marketers have been filed across the country on behalf of investors in structured cash flow arrangements originated by Future Income Payments LLC (FIP) a Las Vegas-based firm founded by a convicted felon.

Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.

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