BALTIMORE —Lead poisoning can damage the brain for life. Courts recognize this in lawsuits by awarding victims settlements that pay out over decades. But a CBS News investigation looks at whether some finance companies target victims of lead poisoning and leave them penniless.
Thirty-one-year-old Crystal Linton was exposed to deteriorating lead paint starting at age three. She now suffers from irreversible brain damage.
“I was in special education for a few years. Trouble reading, writing. I can’t remember everything.”
A psychologist found she was left functionally illiterate with a fourth grade reading level. Her family sued two landlords, eventually settling for $630,000. Saul Kerpelman was their attorney.
“The reason we are giving them a settlement in the first place is that they have mental disabilities,” he said.
In terms of managing money, Kerpelman says they just are not competent to do it.
To protect her future, the $630,000 was put into something called a “structured settlement,” where she would get monthly payments over the next 40 years.
But then she started getting fliers in the mail offering quick cash from companies, including Stone Street Capital of Bethesda, Maryland. All she had to do was sign some papers and tell a judge why she wanted the money.
Over the next year-and-a half, she sold her payment stream — then valued at $408,000 dollars — for $66,000. Most of it went to Stone Street Capital.
Linton told CBS News she doesn’t feel like she understood how it worked, and she essentially doesn’t know how she signed her money away.
“It hurts,” she said, crying.
“It’s impossible that she was able to read and understand the documents that were given to her,” Kerpelman said….