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PYRAMID FRAUD, SCAMS, NOT TELLING YOU WHAT THE SALES BUSINESS IS

PYRAMID FRAUD, SCAMS, NOT TELLING YOU WHAT THE SALES BUSINESS IS

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Published by Nextaxpro
Primerica is a pyramid scheme. Primerica exploits the poor by lying to them and saying that they are the right person for the job. Primerica district leaders and regional vice-presidents do not tell the prospective workers that they will alienate their families, friends, acquaintances and co-workers with their constant pressure to join the Primerica pyramid. In addition, a $25 fee is docked from the recruits account every month for the use of the Primerica website!! The recruits are not told that, if they were real insurance agents and real financial planners, a real company would pay for their schooling, the examination the license, and, of course, the website. The recruits are told that the real companies would charge more. In addition, the classes are NOT required in the vast majority of states. The money goes in to the pocket of Primerica.
Further, Primerica overcharges the clients that their recruits sell to. In addition to that, the products are not flexible and not geared to the needs of the customer.
Many other sleazy things are done of which there are ample testimonials,such as sudden increases in premiums, telling their policyholders that they cannot keep their life insurance at the same rate unless they pay for an examination, Primerica agents attempting to seduce recruits in front of their spouses, etc.
Primerica is a pyramid scheme. Primerica exploits the poor by lying to them and saying that they are the right person for the job. Primerica district leaders and regional vice-presidents do not tell the prospective workers that they will alienate their families, friends, acquaintances and co-workers with their constant pressure to join the Primerica pyramid. In addition, a $25 fee is docked from the recruits account every month for the use of the Primerica website!! The recruits are not told that, if they were real insurance agents and real financial planners, a real company would pay for their schooling, the examination the license, and, of course, the website. The recruits are told that the real companies would charge more. In addition, the classes are NOT required in the vast majority of states. The money goes in to the pocket of Primerica.
Further, Primerica overcharges the clients that their recruits sell to. In addition to that, the products are not flexible and not geared to the needs of the customer.
Many other sleazy things are done of which there are ample testimonials,such as sudden increases in premiums, telling their policyholders that they cannot keep their life insurance at the same rate unless they pay for an examination, Primerica agents attempting to seduce recruits in front of their spouses, etc.

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Published by: Nextaxpro on Oct 17, 2008
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PRIMERICA MILICO CITIGROUP A.L.WILLIAMS, INC. MAKE RESTITUTION PRIMERICA PYRAMIDBOILER ROOM SOON TO BE DUMPED BY CITIGROUP.The short of it is that a real life insurance co. will pay to train its salesforce; Primerica charges. A real job will pay you; you won't pay them. A realinsurance co. will have one; may be two reps per zip. Primerica, with theirpyramiding, has thousands and the number grows exponentially. Primerica uplinestook you on, not to train you, but for you to recruit more for their dishonestpocket lining. If you don't sell enough, you are illegally stripped of yourlicense and they have your leads.The products never sell themselves. You have to work extremely hard. And inaddition to that, you are NOT guaranteed a sale when it is time to buy more of theproduct, and that is particularly true of death insurance, mutual funds andmortgages also.Primerica hides EVERYTHING, and I do mean everything. For futher details see myexposes and the exposes of others. There are many websites that exposepyramiding, and that is precisely and with amazing exactitude what multilevelmarketing is. What is misnomer! It is NOT marketing. It is the exchanging ofair for money. Guess whom receives the air? Pyramiding is intrinicallyfraudulent and inherently scamming. The reason we are exposing Primerica isBECAUSE Primerica lies, deceives and hides EVERYTHING. Primerica is not even acompany.A real company pays its help, trains its help, helps its help so that trainedemployees can market and bring revenue to the company. Primerica leeches offyou, bleeds you, deceives you, never tells you who they are, never tells you thatYOUR license, customers and leads are THEIRS, NEVER tells you the astronomicallyodds vs you, NEVER tells you the number of souls improverished by Primerica (bothits reps and its customers) and NEVER gives you an estimate ofFIVE BILLION dollars or more that victims have lost over the years via pyramiding.Primerica defenders are those in the pyramid whom are trapped. They don't wantyou to know. They would further lose opportunity to recruit the unaware. That isdespicable.LET'S MAKE IT SIMPLE for those who do not read have time to read all of thisexpose for the present:Would you work in the following scenario? You go to work in an office afterbeing told "you really fit this position. And it will be easy work, you will havelots of time with your family and you will make a tremendous amount of money".Firstly, you are told you will NOT be paid until you obtain a license. You say"nothing was said that you have to have a license to work here. And, you alreadyhave my SS number". Well, you were finally told AFTER the sleazy one got you allexcited about making 50000, 100000 or even more{less than .005 do}.Secondly, you must "recruit" other workers so you can be paid. "What? What if Iget five; they all get five; they get five? Where will all these workers fit?There's very limited space." You only hear: you must recruit, recruit, recruit.Thirdly, AFTER you pay out of your own pocket for this license, you cannot earnmoney yet. "Why am I not allowed?! That's not fair. You said I can collectcommissions and recruit after I pay for this license, pay for the preparation, paythe fee and pay all of my expenses to get it. I'm having to go to the homelessshelter because I cannot meet my house payments" or "I cannot pay my rent". Youhear a bunch of lies. This is to cover up the fact that you are not allowedcommissions for a while. You see, your superiors {superiors? NO ONE whom isdishonest is superior to I. NO ONE.} - this upline - knows that you are going tohear the truth about Primerica. You will become very discouraged, very, veryquickly. So your "superiors" have to hold something back to insure you remain inthe trap that they have placed you in.Fourthly, you are told {or may be NOT told and all the implications of that!} thatYOU MUST HAVE $25 STOLEN FROM YOUR BANK ACCOUNT EVERY SINGLE
 
MONTH!!!!!!!!!!!!!!!!!! WHY??! This is such a great opportunity and you are ina 10, 25, 50, 100, 200 or 500 billion dollar company, depending upon how large ofa lie your so-called superior told to you. You haven't seen a check for wellover a month now, but you have to allow Primerica to STEAL - that's precisely whatit is - from you. And they do not tell you up front. This means that you willbe clubbed for $25 to Lord knows how much, depending upon how many checks youwrote that bounced as a result, how dishonest your bank is and the fee your bankcharges per returned check presented.Fifthly, you are NOT vested in any profit sharing plan after one year ofemployment in this supposed 500 billion dollar corporation.Sixth, you are provided with NO life and health insurance after two or threemonths of employ, not even one with a large deductible. you are told that youMUST buy an insurance policy with this 500 billion dollar company!!! You must buythis policy as an EXAMPLE to all of your prospects, even though you supposedlyhave this secure job in an office where you are supposed to be making this hugesalary and not have to waste $80 in gasoline per day trying to sway prospects andlying to potential recruits to get this downline!! You do the "hiring" for yoursuperiors and they don't have to go to the expense of finding good help. But eventhough it's their fault, YOU still get the blame if your downline doesn't sell.And, in addition to that, it's not even the cheapest of policies!! Matter offact, when you compare to other companies, you find that you are paying one of thehighest rates!! And you are forbidden from doing business with any other company!Further, you receive no discounts!!! You pay retail in this $500 billion companythat should be insuring you and your family in gratitude for your putting in 80,90, 100 hours/week worth of work attempting to get more "recruits" for thecompany!! Worse, you may already have a whole life policy that you are trappedin. It does not matter. You are told you MUST buy a policy with Primerica tomake a good impression on all those customers you are supposedly going to convinceto come on the Primerica merry-go-round. No lead sheets from a professionalmarketing firm nor anything a quarter of the way convincing is presented provingthat you will have good possibility leads.Seventh, you can be demoted by your superior for any reason, including no reason.Your commission levels would be reduced, also.Eighth, when you become sick and tired of being treated unfairly, you have NORECOURSE. You cannot go to the Department of Labor for redress!Ninth, the commissions you make in this "office" can be taken away from you. Ifyour purchasers find that your prices are too high, they change their mind, yourcompany decides not to sell to a "sold" customer, a death in the family and adifferent CEO takes over - any of these things can cause you to have to take a"chargeback" - which means you have to give your commission and overrides back!!You are walking, then gaiting, then RUNNING, faster and faster just to fallfarther and farther behind. You are TRIPLY whammed! In a real company, you getpaid and your company refunds the money to unhappy customers. At this company,you not only do not get paid, and, when you make a commission, YOU and NOT yourcompany, have to refund to a customer when the customer does not pay, etc. YOUdid not receive your entitled commission when you were paid because you wereskimmed to pay an upline. But when you have to take a chargeback, YOU pay theentire chargeback!! A triple blow!!Tenth, you begin hearing that the prices of your companies product lines are toohigh. You do not believe it because you were told that we were the lowest.That's why you came to work for this glorious company. You begin doing yourresearch in independent journals, trade journals, online, and so on and you findthat ALL of your products are over-priced. Your company cannot compete. Not onlythat, you discover that your product line does not have the variety that yourcompetitors have. Further, your line has some terrible products. WOULD YOU GO TOWORK FOR A COMPANY LIKE THIS? READ ON. THIS IS THE WAY IT WAS AT A.L. WILLIAMS,INC AND STILL IS AT PRIMERICA!
 
“This is a deadly business model in which you are doomed to fail,” says RobertFitzpatrick, president of Pyramid Scheme Alert, an Internet-based watchdog grouplocated in Charlotte, North Carolina. “There’s a ninety-nine percent loss rate”—meaning the vast majority of people who start MLM businesses end up losing money.You’d have a better chance betting your life savings on a game of blackjack inVegas than you would putting it all into a multi-level marketing home business."{Oooch!!!! That hurts!!!!!}THE LONG STORY OF IT:1 - I don't hate Primerica apologists. I hate the sin that they do.2 - I don't hate my former rvp. I hate the sin that she does.3 - I am an expert income tax preparer and a consultant in several fields,including death {misnamed life} insurance. My call in life is to expose evil.Visit my websites for details.4 - I hate cash value life insurance. I know that are no situations wherewith itcan be useful. You are told at the rah-rah meetings at Primerica that cash valueinsurance is evil and that it is a dinosaur. But many of you do not know thatyour company sells some and you would not know how to refute a fast talking wholelife agent when they spew out their great swelling words of vanity. This isbecause you do not understand the basic concept of death insurance, which is tobleed individuals and families, NOT to help them.Bonnie --- RVP, A L Williams, Inc - Primerica, whom I had met previously when shewas marketing Huff Cook burial insurance, talked to me about a company that"offered a great opportunity through life insurance sales and assetrepositioning".Further, I could work part time and keep my present employ if I desired.Enthused, I worked over eighty hours/week; gave all of my time to the company.Then, within ninety (90) days, Bonnie, RVP, demanded I surrender my Bureau ofInsurance license because I didn't meet quotas!! Hmmm. No talk of a bonus. Whatnerve!! Let this be a lesson to you. Bonnie___ made it appear that we were oldfriends. We were not, we had met briefly when we met at a restaurant and shenearly talked me in to marketing Huff Cook. However, I needed work and could nottake a chance on some job that might only pay commission. We met four years laterand she said she was in A.L. Williams and invited me to one of the pep rallies.I thought then I could trust her: what a catastrophic mistake. So I venture tosay it is like that for a lot of you. You make the grievous error of trusting onewhom is, in reality, a stranger. Don't trust strangers and don't trust any one inPrimerica, even if you think he/she is not an enemy.INTERNAL REVENUE SERVICE TAKE NOTICE!The RVPs and RSVPs said I couldn't sell on the first visit. In other words, theupline wants to STEAL the policies that you sold by selling out from under youBEFORE you can pay the prospect a second visit!!! The RSVPs gave orders and hadcontrol as to how the work was to be carried out. Was I allowed to sell differentinsurance and securities plans than what A.L. Williams, Inc. offered? No. Hence,I was an employee. Where's my severance and vacation pay? Social insecuritycontributions by AL Williams, Inc? THAT really took nerve!! To put in my heartand soul and they say you must turn your license in? For what!?! Whatingratitute, exploitation, skimming and heinous, brazen devils. Give me punitivedamages in advance. Got any conscience? Yeah, you do. You have the evilconscience of Ponzi!It is a surreptitious amount of brazenness and deceit by such people in light ofthe aforementioned. It's their sin; they can't demand the license because it isfalse pretenses. It is a fraud. I worked for it; I studied for it. Why shouldit only be an SCC license that can only be used to sell AL Williams, Inc. -Primerica products? It is a fraud; a sham. I had the same examination. I had

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