pfs investments pyramid scheme

Deep down I felt angry.. what part of this was training to help ME? Thank you for this information. Is Primerica a Pyramid Scheme? - FairShake The agent was a very nice Italian-American woman who actually knew something about financial services. I furrowed my brow thinking I thought he was making those calls for ME.. shouldnt I get credit for those names? I experienced nothing like the others that you have told us about. I like helping people. She gave me her number and asked to call claiming she was a hiring manager .. A few of us bought into a resume site, access to hundreds of local resumes. My parents make good money and know how to save. If they call and set you for an interview, DONT DO IT!!! He gave lots of the same info and elusive answers reported here. In order to be on the NYSE, you have to be vetted. They didnt give me an estimated end time for the interview, after about an hour (I was following the MLB Draft on the side) I told them that I had to go and they asked me about the opportunity and I reaffirmed that I already have a job and they told me that they will call me in a couple of weeks about it. Obviously the other side of this coin is that reps/and recruits dont benefit, and dont find enough value to stay. What can I do to vanish that and get my money back, They will miraculously tell you that the mail has already left but i think you can get a partial refund if u push hard enough, Based on their Annual reports (which can be viewed online), the policies sold per rep currently averages out at 2.28 PER YEAR!!!!! Will do anything to hire people. I am not unemployed and actually own my own legitimate business. I told her I dont have friends, so Im just telling her anything so shell drop it but she was so persistent it was ridiculous. He had pulled out a 4-6 page brochure that explained why everyone needs their services. I did not show up to the interview, after 30 minutes passed from my scheduled interview I got a call again from the VP. Just got off the phone with one of them, It took me like 5 minutes to realize who they were again. His wife starts asking questions, social security number? My father passed away in May. Common Scams and Frauds | USAGov Apparently Im not too lazy, and Im actually quite good at being self-employed. PRIMERICA pls Stop dont west ppls time!! Additionally, the MLM structure sucks for the Primerica representatives. (applied for this position on Craigslistthe number I received the call from was 347-753-3377). Why would this kid go into a financial holdings company, with a leather-bound notebook? Today the husband called and said his wife said I had people skills and was very vague and I had to really ask what was the company after the asked me to come in for an interview. Had a local resident from Primerica call me as I often leave my card at the nearby supermarket as I offer computer repair services. I barely spoke and Im on the good side of the manager. he will help me get lower car insurance, maybe life as well. After all of this fiasco, they have become very distant friends and I FINALLY own pretty successful and growing business now from my own hard work. He also deceived the new Primerica representative, telling her that he was helping her and teaching her how to recruit people into her downline, only to keep some of the recruits for himself. Over 8 years ago but never did insurance with them. Primerica "pyramid scheme" Reviews | Glassdoor More about my terrific personality, she was very specific that I had to dress professionally, no jeans or sneakers, and was firm while speaking to set up the informal discussion. He asked if I had a job and I said no but I need one. 1 PRIMERICA PARKWAY DULUTH, GA 30099-0001 UNITED STATES . Telling people they are lazy and that you are filing complaints, get real and get a grip.To the guy who posted the God, stuff, God also put greed as a deadly sin. its a mess! Its headquarters are located in Duluth, Georgia, and the company offers services across the US, Canada, Guam, and Puerto Rico. The address to the building was messaged after the call. Its not for everyone! When I looked at the girls job title, I googled it and found this site. Im 18 Im not looking to make that type if money like that, Im looking for something simply to get me through college. He actually asked my associates, first, if I was a good manager, and then introduced himself to me. What should I do? Ive been contacted by numerous insurance agencies for employment and have never been interested in that field of employment. Anyway so he was trying to down play my job and whatnot and get his point across talking about its a good opportunity, dont you want to make more money and yada yada yah. I wasnt amused. Amway. Just needed to set up a time. Primerica Under Investigation: 3 Cases You Need to Know - Saved by the It was basically a skype interview, although it was a group interview (which they didnt tell me) and nobody else in the group showed up. Tamara I have simple advice: Dont go. Is Primerica an MLM Pyramid? Or Legit 2023 Opp? - Matt Zavadil The only thing that bothers me about Primerica is being captive and not having the flexibility to sell other products. I told him I work 3rd shift and that I can try. Just googled to know about the company and landed on a right page. At the time, the IRS called it one of the biggest Ponzi schemes it had ever investigated. Thanks for this wb,I,m so glad for your comments,I ask questions and yes now I now the truth,thanks. The company with the highest growth in NYSE last year, where tesla motors had the second highest growth, is a scam to you all, who is having trouble surviving and stuck in a JOB (Just Over Broke). I was a little suspicious, and thought it was strange he didnt tell me the name of the company, so I asked him. old-fashioned pyramid scheme and the line between the two is blurry at best. I forget even about the application, the conversation has turned political. I joined Primerica and spent about 2 years trying it. Primerica life insurance typically costs $20 to $50 per month for healthy individuals. You can get a reasonable life insurance plan as a AAA member and should deal with a real bank or well known investment firm with your money, people! to sit down with them to straighten their finances out. RUN from anything to do with them. In fact, the only thing I remember from that call was his saying Citi weird. He explained I would get $100 back plus $200 after training.He then told me as part of the application part he needed my debit card now so he can turn in the application as soon as possible, but i told him not to charge anything yet. She wants me to go but ive been down the MLM road before and after a couple months I knew it wasnt real. Yes, Atlantis the mythical Hellenic city submerged in ancient times. I got a call from somebody in Primerica named Curtis. I thought I would be the one filling out my own application. The lady that answered, said Prime America, how can I help you. When called at home, I got a vague assurance that I would be a good fit. Well, at approx 11:00 he got a phone call that he had to take. I told them I would have to think about it and let them know but they offered to sponsor me and they paid my $99 fee as well as the $25/month fee for the first month which made me feel less suspicious. And use to convince FLORIDA retirement sustem workerd to move there money with us thinking thatsba good idea and look what is the result ! I literally didnt know the name of the company or the position until i walked into the interview. They were put off because when they ask if anyone had any questions, I raised my arms and stated above. The rep is a West Point grad, and seems like a good guy. In the end i never scheduled a follow up. I said no and he sounded surprised. The location seemed extremely sketchy too. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met. What Primerica does, is after they sign up a new trainer, they get their list of friends, and the new trainer and his upline trainer go down the list of friends and make appts. Its all true. He tried recruiting me so I took the interview mainly as a courtesy to him. Nearly everyone loses money in MLM. He texted me the address (unprofessional) and me, being naive agreed. Forbes predicts Primerica will do to financial services what Amazon did to retail! I got up to follow the man into Johns office but he closed the door. Our two conversations over the phone were all about me my background, who I was, what I was looking to do he barely said anything about what he was offering, just that he was interested in taking me on if I was the right person for a company that was looking to expand. Tameka All insurance agencies are NOT pyramids. Have worked as a broker before, was in an MLM in the 90s, and I just dont like being cutthroat and lying to people. Reported to Primerica Legal. Pyramid Schemes | Investor.gov If the whole deal is to make money, you make more money recruiting not selling the product. Question Whole life insurance is not fraudulent. Thank you so much. What a crappy thing to give your life to. Jorge Exactly what is false and untrue in this article? The final weird thing was if she felt like the discussion went well she would invite me to a formal interview where I could ask questions. I've written about Primerica in the past, questioning whether Primerica is a pyramid scheme, and whether PFS is a scam. Its all a scam. I dont know man. He frowns and shakes his head at me. This office in Tigard,OR reeked of people looking for people with low self esteem. LISLE IL. Primerica offers web-based learning materials and a practice exam. While often legal, taken to the extreme, multi-level marketing becomes a Ponzi scheme. I interview with a Primerica Financial guy like 15 years ago. Of course, now looking back and seeing it for what it was, I see why he wanted to hide behind secrecy. I dont even know if youre someone I want to work with. But then again, I thought ruefully to myself, maybe he was right and I was too soft. She also asked me if it was true that I had management experience, which I thought was a strange question because if she had actually reviewed my resume, she would find that I indeed have about 7 years of management experience in both sales and customer service. This is just like Aimway, they make you sign up and promise you, you will make money fast and easy. I called and told her straight unless u give me more info about the job I wont be doing the interview.she sounded upset and threw me a few crumbs more about this fake company BS stuff . Is Primerica A Scam? The Naked Truth! - | Affiliate Marketing For Leaders If the job interview is not actually for a job, and is instead for a recruitment scheme, then the person was lied to. So when I flat out asked for a job description, he said that the company was branching out from neighboring Moncton, and because of this they would require an office manager. No, Mercedes is not the same thing as multi-level marketing. It must be weekly, I thought to myself, no way thats monthly? I enter the building with a standard Primerica logo, inside its completely empty with only her and no receptionist. I questioned it but thought oh well go for it. But he had no idea who. I felt that it was a pyramid scheme, but was trying to support people in my community, especially after dealing with a traumatic loss of a family member, who didnt have a policy. He was very anxious to set me up with an interview (it was supposed to be on Monday) I wont be going! He had been eyeballing me since I walked into the store. From what Ive read, I think I am passing on my interview this week. Generally in my experience, anything that seems too good to be true usually is. Needless to say I found this thread and wont be putting anymore thought or effort into it. I finished having a fake interview last night and was literally thinking about going to that informative session. Don't Get Caught in a Pyramid Scheme - Attorney General of New York I wouldnt say I was victimized. Im so glad I found this site. I wasnt really looking forward to more training in the morning, but figured with the scared-looking new teenage recruit coming, John would at least be in his jovial, upbeat mood. Thanks for your reviews, Wasting time is the #1 sin in job hunting. I have an Accounting degree so I already had a great handle of budgeting but this was really impressive. Those are games we leave for the devil. He said they need a financial planner. I just received a call earlier today. Legitimate companies give you details and job descriptions. Result was what I had expected. so annoyed [emailprotected]. Why didnt I say, when he was at the bottom of page 1 that I didnt think it was the right fit and move on??? And he made it seem like the right thing to do. I must have looked confused because he said as he dialed, people are more likely to answer an unknown number than if they see the name. I was shocked I thought we werent doing anything wrong? And thats why I have not fell prey to their scheme of getting people to recruit. Its such bull do do guys. Write by: . Reading that it is a Citibank subsidiary was a surprise; that products and services are not the best value is in direct contradiction of what was said as I recall. And you say Im too lazy to work for myself? Hello Tracey, I was in the middle of Target, shopping in the electronics aisle. But upon going there I saw a completely different picture. All of his uncles work for Primericaeven Uncle Doug!! concerned . Id rather make money selling the product than recruiting others to recruit others to recruit others. Calling me rude, and saying other unprofessional things like LOL. It calls back the last received call. tell me what you need and we will basically be pen pals. I gave him my actual SOC. I suppose this was a good business lesson: Carefully research a company before immersing yourself in it. Im here to see how this turn out(Micheal Jackson Thriller Popcorn Meme). Meeting ended abruptly, shook hands, and informed him that this probably was not for me. A real boss wouldnt be furious with me for honest fumbling. I express admiration and order another coke and a sandwich. I asked what it was and he was kind of vague, but I humored him and said that I would be interested, as I am in the market for a part time job given the added expenses of my fathers death. What a waste of time?! After reading a lot of these comments I understand why many people feel Primerica is a scam. Im going to trust my grandpa on this one. This Primerica Pyramid Scheme Review has been thoroughly researched with information and testimonials that are available online to anyone in the public. That is a big reason why this company has so much negative publicity online (even on its Wikipedia page!). I was thinking it was odd that I still didnt know the name of the company. Sounded too good to be true about the money and needless to say thank-you to everyone here I will not be going. She told me that she was expanding her business, she worked in financial services, and was looking to hire people. He did have an office, yes, but that doesnt necessarily mean he made the money to keep it afloat. I had the same gut feeling to google and see if this was a real thing. They are in fact the Primerica guys, lecturing the invited people to pay them $90 to own a business license and the usual multi-level marketing stuff. Even though the warning that you cant believe everything on the Internet is certainly true there are sites like this that give the true accounts of people who have been there, done that, and you should take heed. File a complaint about an investment or an investment account with the Securities and Exchange Commission (SEC). You get paid if you sell, and thats all they care about. Something like, I really dont understand why you felt you had to lie to me initially. Pingback: Why Do People Join MLMs? Pretty amazing comments from everyone here. All-in-all, aside from the financial advice that I found sound and pretty basic, it was a complete waste of time. Recently a dear friend of mine got roped into becoming a rep on the premise of hed be doing families a great justice helping them get their finances in order and providing them with term life insurance. He proposed some vague idea to me one day and set up a visit to discuss. I just got a call tonight from someone who started to ask me about my resume. The grand kicker was the way the regional representative (and the speakers) used THE BIBLE to justify us serving a great cause? Im glad I didnt give them the $99 dollars, they told me it was for a background check, plus $25 a month to access your account through their website. Its quite pathetic that all of us in the comments are forced to search out information on the web rather than hear it straight from the snakes that work for this company. A pyramid scheme is a fraudulent and unsustainable investment pitch that relies on promising unrealistic returns from imaginary investments. also I asked for what position ? I had a job interview with them, after applying to places that did not have them under it. Having professional licenses paid for by a company and given the tools and resources to build a book of business on a part or full time basis is a wonderful opportunity for the right people. You have no honor in your name. For any agent to be paid any comm. Oh well I showed you the PowerPoint and video?? I felt awesome, like he had seen the potential in ME to want to spend time teaching me. I am so glad to have websites like these were people can learn a little more about what they may be getting themselves into. Theres no scheme, no one earns more unless you DO more. I already know about Prime, as this isnt my first go around with them or companies like them, so I am just going to humor them and then as gently as possible (not) let them know this is not for me. I set up the interview, on memorial day, not knowing the name of the company. I am unemployed and the guy on the phone made it sound so good and easy to earn some extra cash. I eventually gave in and asked for her business card, she told me she had left it in her office. Tuesday evening came around, time for the interview. Then he explained this 3 by 3 thing where i refer three of my friends or family for this training and i get around $500 for it. I want to shake my head at me too. Anger gave way to fear.. what if I interviewed him and messed it up and he stormed out of here angry and calling it a scam? He launched into his clearly rehearsed and scripted talk. However, the options you'll be presented with are dependent on your age. This was my first piece of evidence that what they were saying literally was not adding up. Its a good 3 hours of my life that I will never get back. I asked him if I should bring any specific documents with me and he abruptly said no and that he simply wants me to come in and talk with him first, also adding there would be some forms one of which would include qualifications I have and work history. Very very glad I read this. Its not the money, but once I left and processed everything it seems they pressure you to sign up and recruit other people. It is a horrible, horrible product for almost everyone, but that doesnt make it fraudulent. Very very unprofessional company. Again, I am a little hungover and I figure well, so what. Pyramids are illegal and would NOT be listed on the NYSE. Wasted my time. I dont dismiss this reality that commissions in a MLM organization are necessarily lower than those one would earn in another sales setting. They work as a middle man for various insurance and finance industries and get people to join through advice and supporting main street. The so called reps for Primerica find other reps and potential customers and they get a commission on it. Primerica is regulated by the SEC and FINRA. They provide various types of insurance, debt management, financial investment, and credit monitoring services. Yes There are 76 helpful reviews 76 No There are 37 unhelpful reviews 37. i have an intervew tomorrow too, but i decided not to go after reading, thank you. I received a call from Primerica just a few hours ago. The company's main product is Term Life Insurance. A review of their Company of Destiny report big earners chart, once applying the fine print written below it, reveals that only 1% at best, of all the reps in their entire history since 1977, ever broke the $50k level, once or more, during any best 12 month rolling window. He has not even achieved the top position. My husband works for a window company, door to door, ran into a guy who says he has career opportunities available now this guy calls everyday for a week saying he wanted to set me up a job as well I seemed educated and professional so and so.. After weeks of talking over the phone we set up an appointment. Randomly the thought popped into my head, he also said working 2-5 hours a week would mean an extra $1-2000 a month for your family but I quickly dismissed that thought. Welcome to the Primerica Shareholder Account Manager I was not familiar with them, so I went in for the so-called interview. Cancelled my appointment with them. Not a fan of recruiters that will give great compliments, offer big promises with no details & make unemployed people pay 100.00 to get started. But the point is, even then they required a fee to be hired. I didnt want to wright to much, sadly it got away from me. After that she was with very little interest to meet again. I told him I may know a few but what roles does it involve, what type of work, is there anywhere I can view more information? LOL Stacy. this is defamation. Ive read just about every comment and I am not going after all. Top investment analyst recommend company in books, on the radio programs, and on TV programs. I thanked the VP for the opportunity and ended the call. I mumbled something about Ill see what I can do said my goodbyes, and bowed out. I noticed $99 needs to be paid. I met with him and the regional Vice President yesterday and he took me out to lunch after the meeting. I answered and then asked what company he was calling from, something like Frontier Financial Industry and then he mentioned it was owned by Primerica and I immediately let him know that I was not interested. The interview should have been tomorrow but I wanted to learn more about the company so I extended until Monday. Said business partner called me on a Sunday afternoon. Its not bad advice. Primerica is NOT an MLM, it is, however, a Financial Service company that allows people to run their own business. In the classic "pyramid" scheme, participants attempt to make money solely by recruiting new participants, usually where: The promoter promises a high return in a short period of time; No genuine product or service is actually sold; and The primary emphasis is on recruiting new participants. I was shocked. Either I pay on that time or I can pay after a week If I get hired and it will be part of the hiring process. I knew to avoid them but because of how fast she mumbled the name i didnt research. I tried out Primerica towards the middle of December. No, its not defamation. On the day of the interview, I drove to the adress of where the interview was, I expected a big company with a sign of the name or something. He gave his spill bout himself first then went on to explain how things work. Of course that is enticing. She also told me she was just leaving church lol. What it seems to be is actually a high interest line of credit. I have no idea what license he was talking about, but I definitely did not think it was a good idea to make the payments via personal check to a preacher I had just met for the first time while interviewing for a helpdesk technician position that involved door-to-door sales. I sat and as soon as the presentation started I was NOT happy because it was clearly a come sell this stuff and get rich thing. We talked a little about appliances and after everything was said and done they left. I informed him this job sounds just like the foolishness I mentioned above, and that I will continue to research the company before I consider whether Ill go to interview Friday which I highly doubt I will do thanks to this page! Were looking for someone to hire and train as a investment advisor for expanding finance department. International Association of Better Business Bureaus. None of them could answer my question(s) without talking themselves in a circle. First off anyone can make a PowerPoint and the video was from fricking YouTube. THIS IS A BUSINESS, and youre too lazy to work for yourself or want to educate people on their finances. I had really lost interest by the time he had gotten to the bottom of the first page. Thing is I have a nose for pyramid schemes and multilevel marketers, so my radar was going off right away when I heard all the generalizing. In public. Primerica has the BEST products for the least amount of money in the industry! This series focuses on good old road trips. Im glad I did my research. Suck my ass. Got a call back today, saying my interview stood out, and to come for a brief information session. I believe the only way to get ahead in America is by entrepreneurship, MLM and/or Franchise if you can afford it truth be told, if you think about a PYRAMID, you could look at your job as one.

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