pfs investments pyramid scheme

This Primerica Pyramid Scheme Review has been thoroughly researched with information and testimonials that are available online to anyone in the public. (The Primerica reps will tell you their payment structure is no different. Cost varies depending on the policy and the applicant's age and health profile. Now that I have read the previous comments I will not be wasting my Saturday morning to interview with PFS. Furthermore, in order to get into a hedge fund, one has to invest more than a million dollars out of pocket. It was nice how they fooled some people but I was ready to go after 5 minutes, it reminded me too much of cutco knives sales pitch. At the time though, it didnt sit right with me. I attended a presentation and just decided it wasnt something I really wanted to do. The manager said he liked me, from a business standpoint of course. Would they use it if I dont show back up? Life Code, the real world. He set me an interview for 3:30 PM, but by 1:30 I had already read these reviews I decide I wasnt going to go to the interview after reading all these reviews. Wake up people, youre just blind ?! If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile. http://www.sequenceinc.com/fraudfiles/2015/03/multi-level-marketing-is-not-a-business-its-a-pyramid-scheme/. I WONT BE GOING!!!!! From what Ive read, I think I am passing on my interview this week. One day I am opening the bar where I work a dive bar in a very low income neighborhood. I went in, shook some hands, and sat down listening to a spiel chock-full of confusing jargon, just nodding my head and feeding their ego while Im sure they felt like they were doing the same to me. The reality is their culture was disturbing and triggered a lot of anger in me. That was definitely not the job that the Lord was showing me. Unfortunately, almost everyone in pyramid schemes lose money. Some are a couple miles down the road and some are across the country or across the ocean to the most fantastic scenery or landmarks you've ever seen. I would try to ask the instructor questions about the topics and he would tell me not to ask questions just memorize the material and take the test. With a one-time fee of $99 and a monthly fee of $25, you can make more than your startup cost in less than a month. NO, I was special and needed to join and they offered to pay my fee, the $99. One can only hope they were having a dinner party in the back and not a Donner Party If this company asks you to come in for an interview, bear in mind they are only after your money. He noticed, and must have read my mind because he said in an argumentative way, hey, I need something to show for my time too right. THANK GODNESS I LISTENED TO MY INTUITION!!!!!! So, I just said to him, actually there are 3 of them (including Curtis and a lady with a hair cover) that I will decide first and will give them a call within 24 hrs. Posted on . I asked him if this was optional and he said No, its REQUIRED. Thats where my suspicions got ever higher. 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. What deity do these two preachers represent? I spend my time with people who show up. Another pause, then I saw his face relax a bit as he gave directions for the office and set up an interview for 6:30pm that night. I said okshe continued to talk balg blah blah. She told me she would call later that night, but it was about 2 hours after the time she originally said. At one point, this person even chuckled, seeing that I would not let go of the questions pertaining the job description or title. This is more of my experiences and not really bashing Primerica. ONE EVEN SAID THAT PRIMERICA STOLE HIS SS# BANK ACCT AND AND ALL HIS FRIENDS HE REFERRED!!!!!!! I filled out the basic information and then realized they asked for social security and began to question him. Im a server and i waited on this guy and his family. So I bit and went to the interview. Its based on any rep earning $100k DURING ANY BEST 12 MONTH ROLLING WINDOW during their entire careers. IT SOUNDS ABSOLUTELY AMAZING. I had no desire to pursue such a career related to insurance, as I prefer investing. I suddenly found his bragging really off-putting. I received a call earlier from a rep, or whatever. He has dedicated his most productive working years to a system that will never be able to deliver what it promised. Any money i earn, or is traveled up to me, is tax free, so that means. Thanks for the info, I got a call from them this morning and promptly cancelled after reading this. * Isnt it true that a lot of consumers arent sophisticated when it comes to insurance, which is why there are so many scam artist out there taking advantage of them? Its all recruit, recruit, recruit and eventually a profit will be turned when enough people are in the downline. Louisiana Primerica But cancelled my credit but should i worry because of the other info that he has still since their a pyramid scheme. Thats the difference. All the money being made in the quick amount of time. this woman I met about two years ago at my job . * Oh, one other thing, if someone goes in for an interview, and they leave not wanting the job, how are they a victim, exactly? I was shocked. I ALWAYS check out a company before interviewing so after reading the above information, I gracefully declined the interview. Then once the first lady satrted talking all I could see in my head was Wolfe of Wall Street. Report pyramid or Ponzi schemes to the Federal Trade Commission (FTC). He called at 3:22 left a voicemail asking if I was having trouble finding the office. I enter the building with a standard Primerica logo, inside its completely empty with only her and no receptionist. Said I might be a good fit for PFS ambitious expansion plans in the Charlotte area. We were to ask them for a penny (hoping it would be a new penny because those are weaker/thinner than the old ones), and with the new penny we were to use the best cutting scissors ever to cut easily into the penny. He had been eyeballing me since I walked into the store. I have an apparent interview with this so called PRIMERICA today and from reading these blogs I will not be going, this looks like Kirby (the vacuum cleaner) a 10 person session and rudeness and inconsideration to those looking for a job I dont think soI will pass on this thanks to all of your blogs its a fraud obviously and I am not going to waste my time on this, thankfully enough I do have a real job and to think I almost turned it down, I got a phone call from this lady name Ratna Kong she was calling me from her cell phone and she told me someone recommended me to her about a position, about being a supervisor and training I knew something was wrong when I couldnt look up her number on google or find her name or the company.thanks again. here is to you. Wow, I have an interview set for this Tuesday, needless to say I will not be going to it! Please advise if any lawyers or regulators read this ! (within the next 5 years) The recruits are required to invest money into the venture, pay membership fees. An hour and a half already? We walked out to our cars, him telling me about how successful the evening had been. Ironic, since recent grads are the least likely to be able to afford to pay to get into this crap. Now, of course, I see it through different eyes, more objective and analytical. I heard at a convention a couple of years ago that the way you know its a good company with good products or services, would be if you had to pay retail, would you still buy it? I checked my watch. I also just had the same call and scheduled interview for friday. I was approached by a Primerica representative at a job fair on a military post on Nov 28. The man called the following day (just as he had said he would do). My father passed away in May. Should I in fact back out? We are not a scam and there are no fake interviews. A meet and greet with the manager and then into the position details. They are in business because our government allows multi-level marketing companies to operate. The man and his wife came to our home for a supposed interview. The funny thing about all this is that no one mentioned that Primerica is a NYSE company. You say your husband someone to be in the office and is getting part of his earnings. What should I be doing? Financial Advisor (Former Employee) - Fort Worth, TX - November 23, 2022 kids dobs and weights,etc. Take up as much of their time as possible, keep them on a string. The man on the phone was not the man at the meeting. At that point, she became very persistent and it immediately became evident with the posts I read on this site. Glad I already have a good job! He called me again and I ignored the call. Its ok Tracy we still love you. BBB Business Profiles are subject to change at any time. He told me to have a seat and that there was going to be a presentation. So, I was interested and I REALLY loved the couple and was glad to see and hang out with them after so long. Based in Duluth, Georgia, PFS Investments is regulated by both the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC). The fact that she had to describe it as a business opportunity, and not a job already set off alarm bells, as such language is common in many scams, but I went to the interview to see what it was all about. I have reviewed their annual reports (available online). A few of us bought into a resume site, access to hundreds of local resumes. The guy was a fast talker and everything sounded muffled. He not once mentioned how or why he chose to contact me. NOT TRUE!!! Please look up elizabeth warren cornering the president !!! I have been in touch with the funeral director that handled the services for my father off and on. What might those be? I got the appointment with out know the many of the company, when I got there the girl asked to fill out a form with what I wanted as my career how much money I wanted to make ect, Im kind of worried they have ALOT of personal information about me. Ponzi schemes simply require a cash investment to earn returns. Young people of united states and canada please pass this pages along to your friends . And they came from very humble beginnings working 9-5 jobs now they are free and independent! But to shut down a business just because over 100 of you said it was crap and the rest followed after you did your own research. I didnt want to wright to much, sadly it got away from me. The second, presents a sales pitch on a legal service. Something about more information.. John said, crisply, Im offering an interview, thats the first step in the process. He was very vague. He said no and proceed setting an appointment for me. Primerica is a very old company that for over 40 years has been selling insurance and financial products by way of the network marketing model. 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. They want to interview me tomorrow at 1pm. Ever since I graduated my undergrad Ive gotten random phone calls from shady looking companies that I never applied to. You dum assess are just to lazy to change the direction your lives are going so you stay working for toll plazas or write articles like this fat bitch. She is candid, very kind, open. ), I think these Primerica idiots need to get trolled HARD. 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. But still a very nice person . And he made it seem like the right thing to do. They are in the business of selling real estate. I am bewildered that a casual lunch chat turned into an application, job interview, explanation of the job (in that order), and finally my being hired. 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. I ask because my husband is a real estate agent and his broker always gets a piece of the action (along with everyone else in the office) the broker recruited, hired, licensed, and trained my husband my husband works his ass off the broker doesnt how is this not a form of an MLM? As he hung up the phone I exhaled to release the tense feeling I felt, then realized I had been holding my breath for most of the call. The insurance of Primerica is a company that is only said to scam people, using the method of false information, I have been 7 years with this life insurance and I am trying to cancel it because every year they are raising the price a lot, and tried to cancel and they are collecting my savings that I have in this policy, Last year I sent my cancellation letter and they do not want to cancel my insurance, I will have to ask for help from the government of *******. It wont end up mattering in the long run anyway, youll have enough new recruits to train. I nodded silently, not wanting an argument. I can feel itll just be a waist of my time and I would rather work for a company with a good reputation. Thanks everyone for your stories. Just dont give up! This place is a joke, dont waste your time or money on them. BBB reports on known marketplace practices. I am so ashame to be same species as John adison and glen williams . To start making money and sign up as a Transamerica distributor you will need to pay a processing fee of $100 and to start recruiting new members you will need to pay another $300. At this point, his mouth is moving but I really dont care what is coming out of it. Our entire crusade is to teach people how money works we want to educate the clients so they dont get fooled by people like Citi we broke away from Citi when they were doing the wrong thing Primerica works from the highest ethical standards. No, Primerica does not offer services that justify a higher price. I cant stand the fact that losers like yourself cant understand it. Question you investigate insurance fraud correct? We sell legit insurance, that either you already have, or might need at a price that is same or lower, with same or better customer service. I proceeded to ask him how he could make me a job offer without a resume and he gave a decent answer saying that he cares more about the character of a person and that a resume is just a piece of paper yada yada. Thanks so much!! They both return later that same evening and buy more merchandise. Thank you for the heads up!!! I just went on a interview yesterday June 22nd They have my info and address and all kinds of info will they use it against me if I dont work for them? Hence, the dance around questions began. Its a good 3 hours of my life that I will never get back. At school when were prepping for interviews, recruiters ALWAYS want a resume. Was met by slick, greasy sales guy in an office the size of a shoebox. Sooooo after reading all the comments, I will NOT be going. At the time my mind was elsewhere so about 10 minutes later I called her back and asked her what company she was with, who referred me and what position was I interviewing for. So excited that I had an interview yesterday!! Hey every body, i have a guy friend who works at a local health food store, he started telling me about 6 weeks ago about this new business he was recieving training in, he connered me today at the store, and asked if i wanted to sit in on a meeting to see what its all about; well i new something was up when every one was all cheerfull and glad to have me there, i lost count how many people said that to me in the first 20 min, Then came the brief infomercial about the exotic trip you can go on if you just earn enough points, every one kept talking about all the money and free time you can have fro your self, but never once did any say exeactly what you do to actuallu earn any money, oh ya then there was this manditory meeting you have to attend 1200 miles away, and wouldnt you know, they started right with telling every one if you did not make this meeting you simply were not commited, Wow.. Any way after about 45 to 50 min of this i told my friend i was going to leave and research this out online, you have no idea how good it felt to walk out mid presentation, i bet all eyes were on me you what i missed riding my bike tonight because of this.. Dont waiste your time people it is a MLM scam..

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