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12/18/2022: Convoy of Life, Litigation Funding, Lourdes

60 Minutes

00:00

Legal Funding Can Cut Through the Red Tape

Litigation funders say the risk is so high. But we found rates running high even when they're seemingly minimal or no risk. Former NYPD officer Donald Sefsick was entitled to money from 9-11 victims compensation fund. They lent him $25,000. He had to repay $64,800. That's 150%. And you paid it? Did you? I had no choice. Out of the $90,000, I ended up with about 30,000 of it. It feels totally just a take advantage of.

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