pfs investments pyramid scheme

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Finally they called me in the most boring, plain, unprofessional office ever. Typically I dont answer those and wait for a message. * Mercedes sells their cars at inflated prices, are you going to do an web post on them next? I, pretended was interested, really put on an academy award performance. My old coworker had me sit through a lecture for her (I thought I was just helping her) then he asked if I was interested. Three days ago, a pair of women came into my store to purchase some items. I got a call around noon from a company called PFS Investments. A man named Jack has recently added me on Facebook, first thing I check for with people I dont know adding me is their friends list, their About section and the consistency and validity of their posts to make sure theyre real and not some spam account. I have morals, I have my beliefs, everyone has their entitled opinions. Wow, thank you to all who posted about this company. After attending a couple of the information sessions myself. Probably would not have been any money in the retirement funds when people went to cash out. I had them waste my time once before and am no longer interested in doing it again. Her choice of language, and orientation rather than an interview, and the location of it (nowhere downtown but rather in a rented space in the outskirts I mapped it out) caused me to beg off, using the excuse that the location was too far for me to attend. When it was over I again thought, ok so now Ill get the interview. He never mentioned an upfront fee, but if he does Im done with these. Went well. It was sure better than his you guys arent doing anything, youre being a bunch of losers talks he usually gave at training meetings. lets protest guys!!!! Ive just arrived in America from overseas. Then she laid it on the table: I needed to go out and start recruiting. Heavy on company info and presentation. Wow. I was supposed to be intervied by Anthony, i wasnt. People in MLM pay to play. Can be a plane, train or automobile. NO legitimate for hire position will require the applicant to pay for the privilege to work for the company. In order to be on the NYSE, you have to be vetted. On have other hand, it works and i do get to help people out of debt and stay out of debt. I know of plenty of people who need a job but now I dont think this company is legitimate despite the nice phone call. My experience was similar most all of have shared here. He invited me to this thing some orientation and was like being your parents Im sure they could learn something and Im like did this man just insult my parents intelligence. At this point, things seemed a bit odd. You can certainly shop around for better than what Primerica offers. please dont look me up. Would you like to travel around the world if you got rich? Primerica is an insurance company. Those are games we leave for the devil. The presenter looked like 19 years old and began talking about the company and that it was called primerica. Jeb The reason why they dont give you any information prior to the fake interview is because IT IS A SCAM. It is a legit MLM business opportunity that has been around for more than 40 years, and it's possible to make real money if done right. I put down my 5 usual references for jobs and returned the clip board to the receptionist. I have just cancelled my policy after 20 years because they increased my premium by 370%!!!! They are not now and I feel a offended that they would think I was interested in an MLM style business which I didnt find out until later. I read through the site and got no information about what they do or the ways they change lives or whatever. 90% failurethat is high percentwhere did you get that number? Reported to Primerica Legal. Georgia Insurance and Safety Fire Commissioner, 2 Martin Luther King Drive, S.W., 716 West Tower, BBB Tip: How to shop for financial services, Need to file a complaint? I was contacted by Dianne by phone from the Cheshire, CT office and told she was hiring people to not sell financial products, but to instead perform interviewing and other support functions, as they planned to expand with 20 offices. So, there we were. 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. 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, They get half the money of everyone below them. Those people in Primerica dont know enough about it to investigate, and once they find out the truth, its really hard for them to save face and quit. Yes, Orlando, pyramids are illegal and MLMs have very carefully crafted their companies to APPEAR not to be pyramids. Your financial situation is unique and the products and services we review may not be right for your circumstances. They are masters of manipulation, hyping you up to be a crusader for the middle class. I noticed that he put me as a recruiter on one of them, and himself on the other. Wed discussed it before, and Id tried to suggest Vanguard for a 401k, as I was not familiar with Primerica. They have my info and address and all kinds of info will they use it against me if I dont work for them? One of their representatives came up to me as i was walking into Target. (another red flag.) I mean, my pitch would have been an honest one. He said there would be training and thats what my friend was getting into. I had to fill out some kind of assessment that would tell them which management training program would be best suited for me. Was hit up on LinkedIn and Im not looking for a job but still wanted to search out what crazy company was messaging me on LinkedIn again. I just wanted to voice my opinion. The evening eventually came to an end, and I watched John as he scored 2 new recruits. Yes, education is important. Pre-Paid Legal/ LegalShield is a company that offers basic level legal services as a monthly subscription and a discount for attorney's inside their network. They asked my husband and I for $99 each to set up (pay to be hired) and wanted $156.32 cash to start our life insurance said our kids would automatically get $135,000 if we even die today, This bleepity bleep bleep!! You broke ass people who work in corporate America all work under a boss. I feel really bad for them. Ive had group sort of discussions before, but this seemed to be more of them trying to sell me on a position (it almost felt like they were trying to sell me the products themselves) They didnt ask me many questions about myself, so it felt like they were looking for whoever will take their job, not who wants it. In addition, how Im going to have to pay $99 for license + $25 utilities (no other job makes me do this?). I told her that I would tell my friends about it but she kept pestering ME to work for her. Sell any and all medications over the world. My Primerica Regional Vice President (RVP) well call John offered to teach me how to call them, to build my team. I joined Primerica in 1999 for about 5 minutes. I make a very nice income for myself with a legitimate business. Its just that the whole experience left me somewhat unnerved. I tried asking where they got my information from but they said they didnt have that information with them I have an interview tomorrow Not sure what to do HELP! I have an interview with them today which after reading these helpful post I will definitely not be going. New recruits today have to work much harder than recruits of 10 years ago to be successful and you have to be willing to push right to the limit of your ethical convictions to do it and the lines can get pretty blurred. Feeling like a big dummy and annoyed with myself for giving the man my personal number, not to mention the fact he knows where I work and may come back and try again. https://www.nasdaq.com/press-release/mary-kay-inc.-announces-awards-milestones-and-accomplishments-from-full-year-2022 Anyone quoting pink truth (aka themselves) like this attempted sub-feeder blog and the gm one, I agree! They really helped me make up my mind. I told him I was talking summer courses and I really wasnt looking for work but I actually was (does that make sense?). The individual is a Regional Vice President and he did talk about passive income, which alerted me. When I entered the address she gave me on Google Maps, no name for the building came up, which raised my suspicions even further. When I called her back to ask about the position and wages, she said, again, the position was a leadership role. I still like her, she seems nice. he will help me get lower car insurance, maybe life as well. Another woman, in her mid to late 20s like me, walked in and was handed the same paperwork I had to fill out. My parents have been in these pyramids a couple of times, i guess you can say it runs in the family. Primerica offers web-based learning materials and a practice exam. When I sat down with the guy, it felt less like an interview and more like a sales pitch like you guys said. The women who spoke on their first visit asked what Im looking for in a career and mentioned I was very impressive with customer service. A common line youll hear from Primericans is that, at the very least, they will offer you an inexpensive way to learn about the financial industry. It would be nice if the government would step in and help protect the people who dont have the sense to see these for what they are. So glad I did! Any money i earn, or is traveled up to me, is tax free, so that means. And they came from very humble beginnings working 9-5 jobs now they are free and independent! Im no longer-second guessing my decision to stay far away from this group. However, when I suggested that my previous experience would leave me worthy of positions like Business Analyst, I was informed that those positions were only available in the corporate office located in Georgia. You are not your own boss if you have to hand over your personal contacts to your Primerica rep and get no pay for having to attend their training and info sessions. The first inkling of a warning flag went off in my brain. Hello Tracey, I was actively looking for a job two years ago for Customer Service position. I knew that a job selling insurance wasnt really up my alley, and my intention was to leave the first opportunity I got, but that opportunity came when they asked me to put down $99 for an investment licensing class. I focused on a plaque over Johns head as he bragged about his familys last vacation, noting his highest attained income splayed across it in huge numbers. Nobody in our company will stop you from being great and doing great things for people. I feel so used and as they teach JUST A NUMBER ! They guy even scratched his back while slumped into his chair. He picked up the phone and began to dial but I noticed he pressed *69 first.. what, he was blocking the outgoing #?? He didnt even tell me the company name, I found it on his profile when I scoped him when he requested to add me, that he was a regional vice president for Primerica. This is a multi-location business. Apparently Im not too lazy, and Im actually quite good at being self-employed. We set up the interview within a week and Ive never had someone more eager and desperate to hire me. Hence, the dance around questions began. He said that josh said a ton of great things about me and he wanted to interview me for a position. Duluth, GA 30099-4000 Visit Website Email this Business (770) 381-1000 Primary hours 9:00 AM - 5:00 PM BBB Rating & Accreditation A+ Accredited Since: 1/1/1980 Years in Business: 46 Customer. Other Mutual Fund/insurance companies invest in them. Why dont I just go for this so-called interview, gather the information they want to give me and make my own decision as to if its something I want to do or not (like Charlotte did). Also, Tracey thank you for your continued service on informing the public about MLM businesses. Yes, Atlantis the mythical Hellenic city submerged in ancient times. I do not have time to deal with a scam. He went on to explain that the company offers free financial health reports to perspective customers and that all they ask in return from the prospects is they offer up a list of 15 local contacts so they can hopefully recover the expense of this complimentary offer. He did have an office, yes, but that doesnt necessarily mean he made the money to keep it afloat. Each year, millions of people work hard in MLMs and do exactly as theyre taught, and they still lose money. When called at home, I got a vague assurance that I would be a good fit. I am actually scheduled for an interview tomorrow which I intended to drive over 100 miles to. I wasnt amused. I never identified the gender of my child (which is a boy, by the way). lol He went on to tell me that they were moving their business from Milwaukee to Chicago and are looking for people to help run a couple businesses here, here I thought oh boy, a sales position, no thank you I thought in my mind. 2. go back into the reserves, be a military tec. Im 21 and just recieved a called from them while at work stepping away from the front desk i answered to a guy who gave brief detail about everything your reading above smh not going! Cancelled the appt. Sobeys. Wow was not expecting it to be such a rabbit whole. Because if they tell you the truth, you wont come in. The reason for a lack of business card is actually the business model of Primerica. Primerica also partners with Pre-Paid Legal (aka LegalShield) to offer things like legal protectionand ID theft protection. Primerica has been helping Main Street families invest for the future since 1977. Then he spent the next 5-10 minutes telling me that the company is called Primerica and what they do is sell life insurance, auto insurance, and help people with debt. They saw my FB updates about needing a little more income to start some entrepreneurial type things I was interested in. insurance MLM firm Primerica is a legitimate and long-established company. not entrepreneurial (their 1.5 years, and 1 week old) yes a lot of this sounds and very well could be all bad. Pretty much what i expected, sort of. Young people of united states and canada please pass this pages along to your friends . She gives me, the son she never had, an enthusiastic hug and promises to call me tomorrow with all of the details. Red flag I had been waiting for. Well! If your goal is sales, join a traditional company. Humans are not numbers! Primerica is so desperate for recruits that they petitioned to make the Series 6 licensing exam easier. They prey on our natural vulnerabilitis and at anytime any of us can find ourselves being lured in. Customer Reviews are not used in the calculation of BBB Rating. Contrary to rumors out there, Primerica is not a pyramid scheme. When I told my boyfriend about it, who is currently taking a bunch of business, marketing and economic courses (Im a FILM MAJOR so the fact that they wanted me at all should have tipped me off), he said it definitely sounded like a pyramid scam and to look it up. I wasnt about to put my plans aside for something as ambiguous as that, and seeing other people talk about their experiences, Im glad I didnt. Everyone gets invited to stay for the informational session, and everyone will be strong-armed into signing up as a representative. But MLM is a ripoff because they promote a false business opportunity. And finally the companies they represent (the likes of Met Life, Lincoln Financial, Equifax). And this made me laugh what he said next. First of all, the company does have physical product within its structure - insurance and financial services around debt-solutions, investments, legal protection, etc. She said they were just getting established here. I figure its a slip of the tongue and she means AtlantA, but throughout the conversation she keeps excitedly bringing up Atlantis. 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. And he said the clients love him and are so thankful that he gets invited to birthday partys and what not like ummmm ok I dont care. (including advances). Cant there be commission only jobs? No one hands you a silver platter without some work. At least i can say i tried on something that could have worked. Were looking for employment & to get taken advantage of. I definitely wish Id gotten the name of the business and researched this before going to that meeting & giving them my personal information. I received a call today from a lady at Primerica, stating that someone referred me, & she would like for me to come in for an interview on Fridaybut when I asked who the person was that referred me, she couldnt give me a name. THATs owning your own business not this MLM stuff. When I stated that this was just short of a pyramid scheme and that my last interview with the company (5 years ago) resulted in someone wanting me to buy over $100 worth of licenses, they had nothing to say. I went for the so called interview today and was completely confused and turned off. I didnt have time to listen to the whole message at first and wanted to Google the company before I returned his 1 and a half minute message. On a non related note, why are the people supporting primerica, speaking like assholes and calling everyone stupid and lazy for speaking their minds. Its EXACTLY as described. Thanks for this post. Often in a pyramid scheme, you'll be encouraged or even required to buy a certain amount of product at regular intervals, even if you already have more inventory than you can use or sell. My typing speed is about 60 wpm. The most obvious illustration of this was the outline he drew for me of their organization, a literal pyramid your work will be trying to enlist enough people that you can stop harassing your friends and family, and start luring in random people at department stores to hock insurance for you. Oh, and I will be getting a term life-insurance policy, just not through Primerica as they do not show up on anyones top ten list of term life insurers. I felt anxiety throughout this whole calling session. Write by: . Tameka Bell, How did they make you feel captive? I am so glad to have websites like these were people can learn a little more about what they may be getting themselves into. I think this is so sad if shes not realizing what she has gotten herself into. He kept messaging me even if i wouldnt give him a reply and somehow found my number and keeps contacting me. Turns out, surprise, she does the math and she is the same age as my mother and her daughter the same age as me. He also mentioned talking with a number of people at Lowes about how bad the schedule is here as I realized later, he makes the rounds at stores like this, trying to entice unhappy people into a get rich quick scheme. The activity on this thread keeps the page at the top of Google searches for common phrases related to Primerica. THIS IS A BUSINESS, and youre too lazy to work for yourself or want to educate people on their finances. Puffing up a business opportunity does not translate into real business skill. My fellow employees are a wonderful group to work with. Googled my way here. 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. Well John went into his little script of how he found my resume off of Careerbuilder and thought I had what it took to help the business. Scum Bag Scammers! I offered to quickly mail her one, as I had not brought one myself (I already had bad vibes, so I didnt even bother bringing a hard copy). Once the new recruits, the professional-looking man and a scared-looking, awkward young guy who looked about 20 and was wearing ripped jeans and left on a bicycle, had left, John was photocopying the paperwork to put in the mailbag for tomorrow. I told him I wasnt interested, but really wish I could report him to someone. 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 worked HARD at the business, I have had success in other businesses in my life but making money at Primerica is a joke. Very sad to hear all the ridiculous posts, and misleading info that is pushing people away from the company. Tracy says this is about recruitment and getting people to pay the initial and monthly fees. However, Im wondering if that might be an acceptable trade-off for me, if this setting offers the gradual training and the part-time opportunity (at first) that Im seeking? I right there thought this guy is nuts, I do marketing and sale support, never manged anyone in my life, did he really read my resume? I got a phone call from someone telling me the company was called PFF. You want a cashier to manage your office? OmG people you are not making a difference commenting here report it to the BBB online or phone I did . Now I also understand more about success too. In any event, I told him I was not interested and he hung up. 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. But It didnt make sense that I was not given the company name but did get a management position for something I know nothing about. P.S.Also, as to objections from some of the above posters concerning licensure fees charged by Primerica, any financial services company must ensure that its agents are licensed, just like real estate agents (or engineers or accountants) must be licensed. Everyone should ask regulators to look onto all unethical part of lies of this legal but totaly unethical recruiting taliban mashine!!!! I said to him I got a call for an internship two weeks ago but they never got back to me, so I was actually happy to have received that call from him. * If Primerica is a scam, how have they been in business for almost 40 years? If it was cost-neutral, why bother recruiting in the first place? I called her back to be polite but she didnt answer. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints. It became apparent to me that it was bogus the moment I walked into a completely empty office that looked more like they were about to move out.

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pfs investments pyramid scheme

pfs investments pyramid scheme