Defendants named in the lawsuit include Premier Financial Alliance, David Caroll (CEO and Founder), Jack Wu (chairman and ringleader) and his company AJW Productions, Rex Wu (field chairman), Lan Zhang (an original member of PFA), Bill Hong (conspirator). I had a zoom call with one of the coaches and he had a super enthusiastic personality and had a great pitch. To the person who said they borrow against the insurance to pay for the cancer treatment. 155 Kapalulu Place, Honolulu, HI 96819 Career. Founded by David Carroll (who's also the CEO of the brand), Premier Financial Alliance was established in 2003, providing financial solutions. This is my experience and I hope you got some thing out of it! Here is a Blueprintto Owing Highly Profitable Online Business Without Any Experience REVEALED! If so why would you borrow what is yours? $125 is a one time fee for website up keep since you will be using it often for business. To learn more about Premier Financial Alliance and how they can better help you to reach your financial goals, be sure to follow the blog and check out the website. Honolulu, HI 96819-1826. Premier Financial Alliance may be a pyramid scheme. No marketing is done to retail customers. The business model described in the lawsuit is that of your typical no retail MLM pyramid scheme. now = new Date; A new class-action pyramid lawsuit was filed against Premier Financial Alliance earlier this year. Community. If you pay for them, you ruin your only profit line. Come join us in our quest to bring financial prosperity back to each . Applications must be postmarked by March 1, 2023. In this post, well talk about an insurance organization called Premier Financial Alliance and why its making noise online. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. Legal First Name * According to government-issued identification documentation. Looking at the case docket, Premier Financial Alliance have thus far failed to respond to the lawsuit. You don't know what you are talking about. More or less, it follows a multi-level marketing (MLM) structure that lets people earn by selling their policies and at the same time, growing their team. Worse, if its proven to be a fraud, your name might be dragged in it, too. The two Californian cases Premier Financial Alliance is currently defending are: Both cases are proposed class-actions and were consolidated by court order on April 16th. Thus, as explicitly stated in a training presentation that Defendant Lan Zhang delivered to Premier Financial Alliance associates, Recruiting is the game96% of sales derive from selling the Living IUL policy downline. J ack Wu (JW) currently serves as an Executive Chairman of Premier Financial Alliance (PFA) Inc. (A nation-wide financial marketing company). I dont like MLM. In order for you to make money in these two company, you need to get state insurance licenses issue by government, you pass the test and all back ground check come out clean, then you are issued with a insurance license. On November 28th defendants A JW Production, LLC, Bill Hong, The Consortium Group, LLC, Jack Wu, Rex Wu, and Lan Zhang, filed their own motion requesting the same. Two ongoing civil fraud cases involving Premier Financial Alliance have been consolidated into a single class-action. At Premier Financial Credit Union you are more than a number, you own the place! Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. Because of the reputation it has. However the same order also stayed the case, pending outcome of a motion to compel arbitration in the 2019 pyramid case. He began his career in the financial services at a time when he was . I was recently invited to a company presentation my friend was telling me about that he's a part of. PFA has not persuaded the Court that any other factorscosts of litigation, ease of access to sources of proof, availability of compulsory process as to former employees or associates, etc.would favor transfer to Georgia. After paying the membership fee, you can have access to the tools and support necessary to grow your business, such as their training, financial education, and leadership program. Plaintiffs Gonzales and Chen have opposed the motion, and a hearing to decide the matter has been scheduled for July 19th. In fact, these two companies are growing each year without any illegal problem. If it's through recruiting, it's a pyramid scheme. This is a help forum - bad advice will get you banned, and we do not consider "just joking" to be a defense of advice that would be harmful if followed. Easy account access on the go! If you think someone is trying to scam you, this is the place to ask about it. I'm a stay-at-home mom always on the lookout for ways on how to make LEGITIMATE money online. Premier Financial Alliance is an innovative Independent Marketing Organization (IMO) that helps you achieve financial freedom through starting your own business and giving you a proven roadmap to success. Lastly, the lawsuit claims that thousands of Premier Financial Alliances members did not make money at all. The same thing with insurance, you will receive a guaranteed amount for illness, death, or accident. Suite 289. By way of only those at the top of an autoship recruitment pyramid making money, certainly the model is impossible to work for most participants. PFAs argument that the company and its employees are based out of Georgia was also rejected. About us. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. June 25, 2018. I wont sell this Insurance to any my friend or family. Need Assistance? Lets say the compensation was attractive but whats the truth in all this? They are the cry babies and whine about not getting good hand delt to them. This means that the same Californian Judge will hear both cases. Phone Number 888.867.6533. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. While I wont directly tell you that Premier Financial Alliance is a scam or a pyramid scheme, I will let the facts in this review and the reviews of other people help you decide. For someone who have researched and now in the company, (granted, I am always keeping my eyes open for anything I don't feel is right) but I don't see anything wrong with it. All Rights Reserved, Premier Financial Alliance Headquarters & Corporate Office, Valley Strong Credit Union Headquarters & Corporate Office, Maine Savings Federal Credit Union Headquarters & Corporate Office, Headquarters & Corporate Office Address and Information. ", "You're never too young for life insurance. $125 is a one time fee for website up keep since you will be using it often for business. You get set up with a trainer, get a product and compliance education, and learning the turn key system. Disrupting the financial services industry. Haley Piper. National Life Group Insurance Company, also a named defendant, is cited as the provider of PFAs insurance products. Providing our agents with top of the line support is our number one focus. 5.2 miles away from Premier Financial Alliance. I actually have heard of this company for 3 years now. PFA and WFG does not make money of recruiting people. theYear = now.getYear(); Whether retirement plans, funding your childs college tuition, or having enough money in the event of an emergency, these are the types of decisions that should be made sooner than later. Internet Explorer 11 is outdated. However, this doesnt cover the other expenses when you want to be a legit insurance agent. For one, if its the sole source of income, it is unstable. Get your ticket. PFA and WFG are both legitimate company, not a scam. PFAis leading the way in the cause to educate Americans about the Living Benefits story. PFA is broker for Life Insurance Companies. It has access to the following tools and support, such as: Thank you for reading our Premier Financial Alliance review. Unfortunately, PFA failed to mention their compensation plan on their website. They can agree that this is the best company we have joined by far. 5955 S. 56th Street, Suite 2, Lincoln, NE 68516 Ph. Premier Financial Alliance, Inc. (PFA) purports to offer insurance policies to the general public, but the complaint for this class action alleges that its marketing materials speak primarily about the recruitment of other sales people and not about selling the actual product. Living Life by Design Indexed Universal Life is customized specifically for and distributed exclusively by PFA. When a company earns most or all of its revenue from recruitment, by definition, it is a pyramid scheme. Products sold are not displayed on the website and the opportunity offered is vague. The best business tools and support you need. Welcome to My Premier Financial Alliance Review! To learn more about Premier Financial Alliance and how they can better help you to reach your financial goals, be sure to follow the blog and check out the website. JW's Rise to Success. }; Is the WFG (World Financial Group) a scam? uChoose Rewards Premier Financial Alliance Insurance Pyramid Scheme Complaint. HOME; JOIN PFA; P-TRAC LOG IN; PRIVACY POLICY; TERMS OF USE . Affiliate membership requires payment of a $125 fee. Copyright Premier Financial Alliance believes in empowering people with the knowledge and confidence needed to build their own business without the fear of failure that prevents you from achieving financial success.. My name is Vasiliy Latipov and I help ordinary folks build extremely profitable affiliate marketing businesses (even if they have no experience or list). Premier Financial Alliance affiliates who qualify for the class-action include any who signed up from June 25th, 2014 and paid more to the scheme than the amount of money they received from PFA. For improved security and optimized performance we highly recommend upgrading your browser. What Is Premier Financial Alliance About? Its hard, but once you make it, understand it. While they are too focused on promoting the opportunity, they forgot about one of the most important things when talking about a business. Premier Financial Alliance has some tips to keep you on the right track to make 2021 the best year yet! So a little backstory, I remember seeing this kind of play before as I saw this when my ex-girlfriend tried to recruit me into Herbalife years ago and my cousin into WFG about 7 years ago. Oops! Connect with others to build business relationships in the largest marketplace in the world. 100, Brisbane, CA 94005. I also love to write; when not working as a content writer, I create blogs about skincare, makeup, motherhood, and digital marketing. Financial security and freedom is an idea that all seek. Premier Financial Alliance Compensation Plan. With the help of Premier Financial Alliance, you can begin to receive the necessary tools needed to turn this into a tangible reality. So I got into their presentation and it's so reminiscent to what I've seen in the past that I'm already starting to feel very iffy about this company. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. That's your money that you put into the account to buy your death benefit so you're now paying interest on your cash. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. Lawsuit After Lawsuit Calling It A Pyramid Scheme. The last significant filing in the 2018 case is a May 28th motion by the Premier Financial Alliance defendants. Lost Card. Manages clients' investments, helps them buy and sell stocks and bonds, assists with tax planning, etc. At Premier Financial Alliance we offer you the unique opportunity to go into business for yourself, without all the risks. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Again, if you want to be an insurance agent, look for a reputable insurance company that will help you learn about the value of insurance rather than persuade you to recruit more and more people. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". The plaintiffs were given permission to file an amended complaint by August 2nd. This is based on one of the Plaintiffs in aparallel fraud casealleging the affiliate who recruited them signed them up. This tax season with discounts on tax solutions that save you money, time and stress. As a new Premier Marketing Associate you will be instructed that the key to attaining success in your business lies in assisting each of your . I.e. At Premier you will always talk to a person and not be trapped in a digital phone system. Read More. No where any company will give 30% commission. Call us at (920) 898-4232. Save my name, email, and website in this browser for the next time I comment. Once they pay the $125 membership fee and buy the . Company size Large enterprise (150 or more) After the presentation was over, I met up with my friend and asked me if I liked the product and if I was interested in joining him. Has this product worked with anyone? Our associates are supported by a first-class team that is as passionate as you are. We are a Insurance Broker representing over 50 carriers. Beneficial Ways To Diversify Your Investment Portfolio, How To Increase Job Satisfaction in the Workplace, 5 Strategies for Creating a Memorable Business Card. We believe life insurance should benefit you while you're alive - not just in death. Awesome. And as there are those who are continuing to doubt (which I did for 2 years) I am making a handsome amount of money and also being able to have financial protection for my family. If thats not enough, even their LinkedIn profile talks solely about recruiting. The wechat (a popular social networking platform), instagram,facebook, and twitter posts made during the class period boast of luxury vehicles, grandiose trips, expensive fine dining. This is really bad since Nepali and Bhutanese immigrant diaspora is not strong and they ( new immigrants) believed what older immigrants( who came before) told them to believe.Bad part is most of agents are older immigrants. Post your questions here and have them answered by people who are knowledgeable about all types of scams. Let me explain to you and answer your question. http://www.slideshare.net/MSchafers/why-robert-kiyosaki-and-donald-trump. Is he supposed to have used a life insurance for that? Post your questions here and have them answered by people who are knowledgeable about all types of scams. Also if you follow their system, you actually get reimbursed what you pay for, which is crazy to me but I appreciate it. I told him I'd rather do some research before I jump in, and he understood and thanked me for coming. ? Premier Financial Alliance (PFA) SEAL Team, is one of the few independent marketing organizations of its kind in the industry today - a team of elite professionals dedicated to serving . For over three decades, Premier Financial Alliance has been the foremost leader in providing the necessary tools that clients from all around the world have been looking for. The importance is, is the lawsuit successfully. Even thou comission 50% I wont do it because I feel guilty by stealing ppl money. So why don't we? BehindMLMreviewed Premier Financial Alliancein 2016. June 2018: A class-action lawsuit was filed against California-based company Premier Financial Alliance, along with its founder and several top promoters and National Life Group Insurance, for allegedly operating an illegal pyramid scheme. Is Premier Financial Alliance legit or a scam to watch out for? With links to many carrier microsites that provide sales ideas, advanced planning and marketing pieces a wealth of information is at your fingertips. Theres even a lawsuit filed against them by prosecuting attorneys in June 2018, claiming that the brand has never sold any of their products, in this case, insurance. Btw I also paid my friends $125 cause he didn't have it at the time. Specifically, the complaint alleges that individuals earn commissions and financial rewards by recruiting . I joined Vasiliy as a writer for Best Lifetime Income blog. As for Premier Financial Alliance, while there are people who can attest to its legitimacy, the negative reviews outweigh the positive ones. Business Profile for Premier Financial Alliance. It wouldn't hurt to make extra money right? Thank you! Its total legal and make sense. Create an account to follow your favorite communities and start taking part in conversations. 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Research before i jump in, and website in this browser for the cancer treatment of. Alliance have thus far failed to mention their compensation plan on their website what is?! With others to build business relationships in the 2019 pyramid case for coming a insurance. Of information is at your fingertips PFA and WFG does not make money at.! Gonzales and chen have opposed the motion, and a hearing to decide the matter has been scheduled July! He understood and thanked me for coming 're never too young for life insurance that! Helps them buy and sell stocks and bonds, assists with tax planning, etc forgot about one of most... Any company will give 30 % commission a single class-action benefit you while you 're now paying on.
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