Seriously how do you blow through $7mil in 6-7 years? Reminds of the movie Blank Check that my kids watched years ago.
I believe the settlements are structured to be paid once a year over a number of years. I am guessing that Neff has burned through whatever money he has received. In Cipriano's easy money blog post, Ralph details a court case that a judge denied Neff the opportunity to cash out for a lessor amount.
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In contrast to Dr. Ziv's faith in the veracity of alleged victims of abuse, a judge recently questioned the credibility of Glenn Neff, an alleged victim of Sandusky's who was attempting to gain immediate access to the confidential settlement of $7 million that he received last year from Penn State.
According to the Chester County
Daily Local News, on July 17th, Chester County Judge William P. Mahon "angrily dismissed" a request to transfer assets from Neff's multimillion-dollar settlement that was sought by a Delaware-based financial firm. The newspaper did not name Neff as a victim, because of a typical media policy of self-censorship when it comes to alleged victims of sex abuse, but Neff's name was printed on legal documents in the case.
According to the newspaper, the Delaware firm sought court approval of a plan to convert $2.99 million from Neff's 2017 settlement into $850,000 in cash. In court, Neff testified that he needed the money to bolster his tree-trimming business and his wife wanted to expand a beauty salon.
But Judge Mahon said the proposed settlement, the third in the case, was "riddled with sketchy assertions about [Neff's] financial well-being that were contradicted by statements" Neff made in court.
"I am beginning to wonder what the heck is going on," the judge said, adding "these petitions are completely unreliable."
"This is abysmal," the judge said, before declaring, "Petition dismissed." The judge compared the behavior of the many firms seeking to gain access to Neff's settlement by offering immediate cash to "sharks with blood in the water."
In his claim, Neff alleged that he was sexually abused by Sandusky "on multiple dates between January 2004 and May 2005," including oral and anal rapes, but didn't tell anybody about it until 2016.
As he left the hearing, according to the story filed by reporter Michael Rellahan, Neff refused to answer a reporter's questions, and Neff's wife "shouted before making an obscene gesture while boarding an elevator."
https://www.bigtrial.net/2018/08/easy-money-in-sandusky-case-penn-state.html