Anyone have some knowledge of the master settlement handbook ” Big Tobacco Must Pay” – posted by Keith Fitz-Gerald in his Total Wealth Alert . I did a quick search and didn’t find anything in the search on Stock Gumshoe.
Thank you
E-mail lead–
In November 1998, the ”Big Four of Big Tobacco” reached a landmark settlement known as the ”Master Settlement Agreement,” where they agreed to pay a historic $206 billion to 46 states and U.S. territories. What you may not realize is that you could claim a tax-free portion of this money.
On the Internet posting he has this as part of his Give-aways if you are make a subscription to his flagship publication, Money Map Report.
A Money Morning Exclusive ( April 2017)
For Release: May 27, 2017
If you’re a United States taxpayer, please pay close attention to the following message.
You probably know that back in November of 1998, the ”Big Four of Big Tobacco” were sued for using misleading advertisements and manipulating scientific research.
And in a landmark settlement they agreed to pay a historic sum of money in perpetuity to those affected.
This became known as the Master Settlement Agreement.
And it stipulated that for the first 25 years of the deal, a bare minimum of $206 billion was to be awarded to those eligible to collect.
But the most important word in this agreement is ”perpetuity.”
This Master Settlement Agreement has no end date. Big Tobacco is legally obligated to pay out this cash forever.
In fact, we estimate they’ve been paying out about $686 million a month.
And it may surprise you to learn that you could personally claim a tax-free portion of this settlement!
Every month a check made out for $2,300 could arrive in your mailbox.
Even if you’ve never smoked. And neither has anybody in your family.
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
Hi, and thanks for offering this. I must say this all looks too good to be true. Can you comment?
http://www.snopes.com/paying-sold-debt/
False = Scam
As soon as they mention you can get something for nothing it should have told you it was a sham….for those who truly have disease caused by smoking then you can try legal action, but it’s probably the hardest case to prove, so good luck finding an Attorney.
Yes it is real settlement but the money is sent to each state where it goes toward cancer treatment costs for uninsured. Individuals dont get this as for as I know unless you personally sued Big Tobacco back in the day. Free money is not out there people, its usually a scam.
its a scam, you have to by settlement bonds that pay 3% to 8%. the bonds cost about $100 a piece and have to be purchased through a broker. that seems to be the only way money map reports can sell its product is by scamming people
how do i sign up for the big tobbaco settlement
ive been smokeing sence 1975 and ive try to quit but can;t it get to my nerves
So, yes, you can (sort of) “stake your claim” to the “Master Settlement Agreement,” and you probably can generate income of $2,300 a month from that “claim”… but it’s not really a claim, it’s an investment return — the first step, before pocketing that $2,300 a month, is taking a half million dollars of your money and investing it in municipal bonds backed by tobacco settlement cash flows (and taking some level of risk in the process). Somehow, Fitz-Gerald’s ad didn’t really focus on that part where you put up the money… funny, that.
This is the only comment I’ve read so far that even scratches the surface of this issue ! Based on what I have read and researched about the Master settlement agreement and the general public . Could you give us more insight on this subject ? Thanks Molly
You haven’t read what “Admin” posted! Molly and I did! Read This!
https://www.stockgumshoe.com/reviews/money-map-report/whats-fitz-geralds-big-tobacco-must-pay-teaser-all-about/
I started smoking Marlboro at 14 cause I didn’t know how bad it was
I clicked on that web page on Yahoo. I thought …Hmmm maybe? Then sat through the whole monologue …then….there was no link to the apply , just the spiel regarding payments to this company for an annual subscription. I should sue for my time used. Yahoo is so slimy it slides .
I read Money Map and I think it’s a way to invest in some way and hope it gives returns of big money. I listened today to the presentation by Keith Fitzy. I stand by the old adage (saying), “if it sounds too good to be true, it is”.
where do i file for my share ive been smoking since i was 13 years old im 51 now
lost a lunge 3 years ago lots problems where do I file
I can’t believe this ANNOYING method of DECEPTIVE ADVERTISING is still making the rounds, this time attached to the ridiculous promise of “Big Tobacco must PAY”. What a SLEAZY way for these creeps to try and make a living.
how do I sign up I cant wait to send in my monthly money.
This is a SCAM. There is City of Inland Empire in CA. Also, no individual can collect anything
Yes, My brother did more than a wee rescue on this an came away with bupkis.
I gleaned enough info from Wiki to lead me to believe that it’s not a complete scam, but an “investment” opportunity that offers a greater opportunity for LOSS than gain. Here’s an exerpt from Wiki : Securitization[edit]
In the ten years following the settlement, many state and local governments have opted to sell so-called Tobacco Bonds. They are a form of securitization. In many cases the bonds permit state and local governments to transfer the risk of declines in future master settlement agreement payments to bondholders. In some cases, however, the bonds are backed by secondary pledges of state or local revenues, which creates what some see as a perverse incentive to support the tobacco industry, on whom they are now dependent for future payments against this debt.[53]
Tobacco revenue has fallen more quickly than projected when the securities were created, leading to technical defaults in some states. Some analysts predict that many of the bonds will default entirely. Many of the longer-term bonds have been downgraded to junk ratings.[54] More recently, financial analysts began raising concerns that the rapid growth of the electronic cigarette market is accelerating the decline of $97 billion outstanding in tobacco bonds.[55][56][57] States with large populations, such as New York and California, are affected to a greater degree than others.[57] Lawmakers in several states proposed measures to tax e-cigarettes like traditional tobacco products to offset the decline in TMSA revenue. They anticipate that taxing or banning e-cigarettes would be beneficial to the sale of combustible cigarettes.[56]
Its a scam, those funds are available to the STATES, not the citizenry of the States.
You can tell these things are scams because the guy talks forever, repeating the exact same thing five or six times, and every time he acts like he is going to get to the point, he begins repeating himself again. No one trying to sell a legitimate product or service is going to spend more time trying to hook you when the fact that you clicked the link should be enough for them to realize they may have a sucker on the line, instead they carry on for so long no one wants to hear their finish. If someone repeats one statement more than three times during a sales pitch, it usually means they are trying to psyche you up, making you think that there is no time to waste.