A couple of days ago, I posted the following on Craigslist: Hello, Ive excellent command of MS-Word, MS-Excel, and MS-PowerPoint. It sounded awesome until I really started to think about it. I just went to a meeting last night, everything previously written by past people are true. MLM, in contrast, is a scam based on the recruitment of people into an opportunity to recruit others its endless chain recruiting and thats a scam. So I cancelled, and avoided an unpleasant and wasted evening. The FIT bitch (thats me) who wrote this is far from broke, and makes a great living selling legitimate services to people who need them. I get NOTHING from writing about multi-level marketing scams. I will not be going and now I dont think Ill give them any more of my time by giving them notification either. So if you keep your premiums paid, your family will receive the benefit. My friend convinced me to join, asking to partner up with me since he couldnt get through the door. It was clear this is a business. I am starting to get suspicious. All pyramid schemes eventually collapse, and most investors lose their money. The man calling me in for an interview was very abrupt and gave very little information, besides the address and time. 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. The rep asked my questions, saw I am a good person who likes helping people, and told about Primericas business of helping people. I just received a call yesterday and had my doubts about the process, so I immediately proceeded to research PFS and found this article. She starts explaining an elaborate scheme to sell insurance, basically, to poor people. I am not. Call away, I figured. One last question: Might you also direct me to the financial services provider anxious to hire a gray-headed, chicken-necked, bifocaled old cronewhose work ethic and ethics generally are strong?! Multi-level marketing is a scheme by which people who are in first make money from those who come later. Plus, I knew I had read somewhere on POL (online website for reps) that it was against compliance to block the number. She asked a few questions about my past work experience as well. Ill text the woman tomorrow to cancel since she made it clear that she had her phone on 24/7. Now I also understand more about success too. I dont remember exactly what he said to me but I realized Id been lied to and I was so mad that I just walked out. Turning people away from God will eventually turn you away from Him and all his promises for you. There are two levels of people in the business, not infinite levels. A lot of people like in this blog are used to trading their time for money, going from one job to another. And yes the higher ups do benefit from your recruits they arent going hard for no apparent reason and they will convince you they are blue in the face that Primerica will help you build your own business within a business. Below is a narrative of how this went down for one PFS representative. I dont mind. Ive been to these type of interviews before, any job that directly takes cash from you and its not for uniforms is red flag worthy (scam). Like I said, its a dive bar and the usual clientele is pretty rough. A lot of people here who are unapologetic in their refusal to show up to a meeting they said they would go to after doing research, coming down on agents about ethics. And also when he would say how much money people would make he would wait for me to respond and I just gave him a blank stare. 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. It seems like a job interview. Thanks for the heads up! I shook my head, frustrated again, starting to wonder how long it would take til I would really succeed at this. He called me again and I ignored the call. Don't Get Caught in a Pyramid Scheme - Attorney General of New York But the way I see it, is that why should I care about what other people are saying about this company. I dont mean any disrespect to the author of this blog but I wonder if he/she thinks about real estate brokers, is real estate a scam or pyramid scheme as well? We talked a little about appliances and after everything was said and done they left. Grant cardone once said if you dont have haters, your not working hard enough. I will be calling them in the morning to say that I will not be participating in this ridiculously insidious scam after all. life insurance pyramid scheme companies. So far, my experience has been very positive. I dont go to unnecessary meetings or bother my warm market because its a legit service. Here is another good read that breaks down how much the corporation makes just from recruits, and reps: My time is precious and sitting down even to waste her time wont be worth it. He acted surprised that I had not. She was upset and wanted to know who told me those rumors. The SEC found that PFS Investments Inc. had failed to have in place effective policies and procedures to follow up adequately on three complaints received about the Dearborn registered representatives, "selling away" activities. THe credit check should be about $30. I read most of your posts, and there seems to be a lot of hate on for this company. Took a few days of being put off, appointments came up, etc, but finally we were sitting in his office, my stack of resumes in front of him, me sitting eagerly poised to take notes. Its EXACTLY as described. Multi-level marketing is not a business. I thought why in the hell would a RVP of a business contact me, someone with no experience or info out there advocating I have any in such a business and/or roles, and on Facebook!? 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, 8 Controversial MLM Schemes To Stay Away From | GOBankingRates She chats up the bartender who seems wary of her. Finally he had a female associate call from a different number who told me I had been referred to her as a candidate from the man who approached me at Target. I couldnt make out the muffled answer but saw his demeanor change to become a bit more aggressive. Will do anything to hire people. The dude ignored me completely. But upon going there I saw a completely different picture. I noticed several of the new people in the front row looked very restless, like they just wanted to get out of there. After the presentation, the young man asks me if I have investment services or life insurance. I also just had the same call and scheduled interview for friday. I met with her, and liked what I saw. I asked him if he was headhunting and he said, No, Im actually early for a business meeting and your personality caught my attention. I have been in touch with the funeral director that handled the services for my father off and on. 90% failurethat is high percentwhere did you get that number? In conclusion I think its awesome that they make 30 million a year off active reps paying fees, from a business standpoint, of course. Again, we talk a long time. How did she get my information? The address to the building was messaged after the call. Life insurance is a service, and just like any other service, someone can come along and provide the same service for less money. He stepped out of the office and I could hear him sound like he was talking to either a customer or another interviewee. 8 Controversial MLM Schemes To Stay Away From. They just tried taking a mortgage out for half a million and the bank denied them because neither of them have a real job or make enough money. I had heard him talk many times about the cars and houses that the top leaders in the company owned, and had asked him when he was going to get the viper posted on his wall. Apparently, his company helped a lot of families who couldnt afford such help otherwise. One VP stated he made $21,000 last month. I have been invited to go to their local stoughton office for the meeting where i would be taught getting out of debt tactics while making $$; spoke about how his son was making 37k a month, his other son having a house built blah blah blah. Thank you to all those who contributed to this thread and I wish you all the best of luck in your job search! So this nice, well-put together woman is kind of a nice change to talk to. Even the man who started it wants nothing to do with what it has become. Will not be going to a sales pitch to get me to go do sales pitches to other saps. 1. i dont get paid to recruit people, i COULD get a % of what they CAN make from what their clients get for premiums, EX. I would love to hear a Primerican respond, and dont use the cliche, not everone is right for Primerica, because that realistically just points the finger back at their recruiting department! However, the options you'll be presented with are dependent on your age. They have my info and I am Does How the Company Works Show a Pyramid Scheme? He had been eyeballing me since I walked into the store. 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. The man told me he was a head hunter and had seen my resume on Career Builders. Thanks for sharing and saving me the gas money! Known as a co-founder of EarthLink, the internet service provider that . Reading this gave me something to do for a little while this morning and appreciate the honesty. If you join Primerica your commission schedule is ridiculously LOW. 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. 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. Once again, most people need financial help to get where they want to be. After reading all of comments, I will not be going. Its a churn and burn- they will hire ANYONE who can pass a background check. She told me that she was expanding her business, she worked in financial services, and was looking to hire people. Everyone should ask regulators to look onto all unethical part of lies of this legal but totaly unethical recruiting taliban mashine!!!! There are plenty of traditional types of jobs that do not require college but that pay much more than $10 to $15 per hour if the individual is willing to work hard to learn the job and move up. So i can give him people that i know and love names so he can call up and make appts with them to show how to sale them life insurance and close the deal. Primerica Review Summary. When he called me I was busy and asked him if i could call him later. And, how come there stock is listed on the NYSE? This is just like Aimway, they make you sign up and promise you, you will make money fast and easy. I said i would decide on my method of payment. Top investment analyst recommend company in books, on the radio programs, and on TV programs. Suddenly she whips out a sheet and starts asking me questions and taking notes. BUT, there was something not quite right about him, too smooth. Im here to see how this turn out(Micheal Jackson Thriller Popcorn Meme). Understanding The Tier-11 Membership Of Primerica Puffing up a business opportunity does not translate into real business skill. He said there were interviews for the next three days: a group interview and all the others were individuals. I looked up Wallace Murphy with Primerica, it showed his picture and what he was about, but after reading this I will also be canceling my interview as well. What a joke. She gets so defensive when anyone questions her work. 12 hr days and have to many days off, I have time to put into a might work job to help me out for my goals in life. The man who was telling me about the opportunity was upfront, and I kill myself working two jobs. Again why have they not been charged if they are doing something illegal? My own confidence in my judgment is severely shaken. A few of us bought into a resume site, access to hundreds of local resumes. The Top 25 MLMs by Revenue | TitleMax The grand kicker was the way the regional representative (and the speakers) used THE BIBLE to justify us serving a great cause? So me and my friend were at the store when a guy randomly came up to us to talk about his wifes company. PFS Investments Inc. (aka) Primerica Financial Services. Id really like to figure out if it is the company that is the problem, or just some of the people in it. i have 2 children and single. Is that really too much to ask for? He also stated I would be refunded once I completed a certain portion of the tests. I told him I work 3rd shift and that I can try. So, with that experience under my belt, life goes on. Well I actually went and talked to someone of those guys in the company but at the beggining I thought this would be fake because I ask one of them about the website and he started talking me about the money Id make and he didnt gave me anything but to be honest nobody have to pay to be hired.. Dont believe in Primerica. 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. My up line still owes me $500 he borrowed. I received a call from Primerica just a few hours ago. I personally am more of a tech guy, dealing with machines and stuff. Plus his wife worked full-time here too. There is no selling of opportunity because all we do is find out what peoples dreams and goals are in life (youve got to know what they are first) give them a game plan and tell them to act on it. Got a call back today, saying my interview stood out, and to come for a brief information session. Question: Does anyone feel ripped off in their current situation? Hadnt I just provided 5 local contacts? At worst it means you have a poor product or poor reputation which is most likely deserved. My daughter was contacted by Primerica and she told them I was looking for a job. An mlm opportunity is not a pyramid scheme when it promotes and sells products or services, not just memberships. Furthermore, in order to get into a hedge fund, one has to invest more than a million dollars out of pocket. They were put off because when they ask if anyone had any questions, I raised my arms and stated above. when I asked how they obtained my number they said through a referral. 2.Investigations of Allegations of Wrongdoing The compliance structure at PFS included two primary procedures that could detect wrongdoing on the part of registered representatives. They were in my home for almost 3 hours, 10 minutes before they left (which was an hour ago btw!!) Looking them up, I found this thread and Im grateful I told him to take a hike. She gave me her number and asked to call claiming she was a hiring manager .. If it sounds too good to be true, mostly it is..Thank you again for posting! I didnt follow those steps due to a time constraint but thanks to your comments I know I will be making better use of my time! I walked into the office and was greeted by a receptionist in her mid 40s. Primerica doesnt look to good to be true. I thought I had a job interview today where the man switched to trying to get me to be a Primerica rep. I decided to see if Id be sucked into doing sales but it wasnt mentionedthough a lot of hinky things were. I eventually gave in and asked for her business card, she told me she had left it in her office. 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. The company also restricts what you can and can not offer to people as well. The Financial Industry Regulatory Authority is accusing former broker Barkley Lundy, who worked with PFS Investments, of defrauding at least 20 customers.The self-regulatory organization claims that from at least 1/11 through 3/14, Lundy took these clients' funds and placed the money in his own bank accounts. It was all a bit creepy and unlike anything I had experienced. I feel more insulted then anything right now because I think the two I met were only there to seek for people. FTC Shuts Down Credit Repair Pyramid Scheme Financial Education Products: Healthcare, Daily Lifestyle, And Nutrition Value-Based Products; Investment: To get started with Herbalife distributor, you'll need to purchase a starter kit worth $94.10 Commission: 15% to 50% of each product you sell. The next person presents the sales pitch on Primericas services. The people who give up on this business dont understand the potential of having your own business and life. He not once mentioned how or why he chose to contact me. Conversation went out and he tells me he likes my personality in which Ive been told many times over. Hopefully she has read all the history on this company and so on. I am not against commission based jobs and making money. Many never repeated those commission levels since. He never mentioned an upfront fee, but if he does Im done with these. Two girls were there for the job too. They both return later that same evening and buy more merchandise. Fourth, I am a 57 year-old college educated woman (B. S. in business) who has stayed home with kids over the last 17 years, so a part-time position of some kind would allow me to more gradually return to the work force. I was in college when they reached out to me about coming there to work. Lies and time wasting leading to a quick fumble at your wallet. Im not interested at all. Its not for everyone! After reading the warm market info in the above posts, am kind of leary. And many join daily as new agents. I just got a call tonight from someone who started to ask me about my resume. Any money i earn, or is traveled up to me, is tax free, so that means. He went on to make about six more calls, each leaving me a little more tense than the last. It is a shame that there are companies out there who still make money off these scams. This other guy was pleasant enough, introduced himself and politely shook my hand. Thank God I found this article. * Also, if someone wasnt college material, and all they were qualified for is a $10-15/hr job, but they really loved their family and wanted to do more to provide for them, to where, other than another MLM type jobs, could they go? It was a sales job selling the best cutlery ever but in fact it wasnt. So you see that I neither need to support myself nor expect to support myself solely via my any Primerica earnings AND you see that this particular recruiter, my agent, appears not to use the deceptive and high-pressure tactics used by other recruiters discussed above. We are not a scam and there are no fake interviews. Ive very good internet skills. I was leary of it so I didn`t go to meet her . Flyer also says we cover the business ownership & part-time opportunity. The receptionist and her shared a vague facial resemblance. Wow i got a callcfrom Primerica and the guy jhon who called made it soumd legit. For instance, he said Whats your favorite restaurant? If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile. You would be an independent contractor, so they dont care what your age or appearance is. The conversation gets deep, takes philosophical turns. I asked who the person was that referred me and the lady laughed and then said a name, and i did know someone named that but i hadnt talked to him in a year. Is Primerica an MLM Pyramid? Or Legit 2023 Opp? - Matt Zavadil People should learn to use critical thinking skills before jumping into something like this, as they prey upon your emotions and desperation. He never mentioned the name of his company, only that he was impressed and wanted to figure out if I was a good fit the sort of leading language Ive seen others report thats meant to make you feel desired and special. Her mistake was telling me this could be part time. First red flag for me is on LinkedIn. This may be a rough road, dead end, pain, death and not get anywhere. It feels horrible all the time to be with them I am sure. WHY DIDNT I GOOGLE IT??? They offer it at a price they term affordable for all families. I had to smile a shake my head every time I saw one of these unsuspecting people heading in. Youre building a team of individuals to get them to the top, too. Sobeys. For only $99 you can be licensed to sell insurance to others with us. He told us the incredibly vague story of how he managed to get one individual from $20,000 in credit card debt down to zero and then into a mutual fund with a 9% interest rate. Primericas main financial advice is the slogan By term and invest the difference which means figure out what a whole life policy will cost you, buy a term life policy, and invest the balance of what you would have paid for whole life into mutual funds. He ask me if I know this name. My advice would be to at lease go in for the fake interview, gather informatican about the company for yourself, then decide if its for you or not. Obviously the recruiter was being paid on some form of commission so the sooner she got me in the office the better. I am really glad I did my home work on this company and thank you to every one for the honest postings I will not be wasting my time with scams. Primerica has been helping Main Street families invest for the future since 1977. After, of course, buying into the company and getting my license, etc. BTW, a presentation is not an interview. Laws have been put in place to prevent this flawed business scheme . I work full-time and train in martial arts. He asked if I had heard of Primerica. Very sad to hear all the ridiculous posts, and misleading info that is pushing people away from the company. Ok guys,heres my story: I work two part time retail jobs and am seeking to leave both for one full time position. How fun. Split between two people working full-time, it really wasnt that impressive. 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. I have never worked in the financial industry before so I did not know what to expect. Instead my thoughts were screaming through my mind.. really, what was John doing in there?! Long story short I didnt fill out the employee application because I knew right away this wasnt for me. I have an appointment on Monday. Are you saying that all the people who commented on this thread that they participated in a fake job interview like this are lying? Its too bad that a few bad experiences have been compiled in one area and deterred people from seeing if this career was really for them. Yes, education is important. I was supposed to be intervied by Anthony, i wasnt. He asked me to go for a job interview somewhere in a Manhattan building. thank you for opening my eyes! Now, though, I felt different. I finished having a fake interview last night and was literally thinking about going to that informative session. Pyramids are illegal and would NOT be listed on the NYSE. 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. They are lying.). As it turns out, I am a lapsed Catholic and an Atheist, but I still wear a silver communion cross so she may have been taking a stab. Once reading all these reviews I called back my recruiter and asked for more details about the interview and he was vague. Before you try to pick apart or look for excuses not to be a recruit, maybe you just dont believe it can work or its you you dont believe in. Im grateful for this site and the posts here. It is a pyramid scheme in which 99% lose money. It was a negative environment, no formal training, and they took all my leads. One of them asked out of the blue, how i like my job. There seems to be a way to make money but you have to be highly deceptive and cut-throat, oh, and pretty desperate to make money in MLM. You should be ashamed of yourself for writing an article as false and untrue as this one. Not going to the interview tomorrow. He also told em they were looking for leaders and instructed me to call him to schedule a meeting. Sigh.. theyre so good at manipulating, or leveraging as they call it.. they create false demand and artificial scarcity all the time. With all the information on the internet available to everyone, it is crazy to me that people do not at least look up the people and businesses they are considering getting involved in. In this instance, it turns out that I did apply for a job with Primerica back in December (they had a job listing on my grad school career website). Last week I was approached at my job by two people. I was wincing to myself at times, man this guy could be a jackass. I thanked the VP for the opportunity and ended the call. Would rather wait for another job. Turns out, surprise, she does the math and she is the same age as my mother and her daughter the same age as me. A very tan/slightly burnt, attractive young 20-something came in and spoke to the receptionist for a minute about her Florida trip and went to the back where I could now see more middle-schoolers, all dressed like they were ready to model for a Kohls back to school sale flyer. The 'Private Investment Club' conference had everything: a host demanding people pay for 'VIP' access, weird pyramid diagrams, "plerking," and a celebrity guest who clearly didn't read the memo. I wanted to be pumped but I found it hard to ignore the fact that John had blatantly lied when the professional-looking man had asked if there were any additional costs other than the $99. She said my educational background would be beneficial for helping middle class people., I was really confused about what she was calling about. I made to RVP , sold alots of policies yes made money but when my comminity questioned 35 year term beeng level term company simply forced me to step down . . The people that I know who were roped in were all pretty dumb with no college education and in a dead end job. I was VERY unhappy in my job and I had been actively looking. What might those be? promote propaganda and sob stories of people getting shafted out of their whole life or group life insurance as a scare tactic. Everything else followed was muffled. He said they need a financial planner. Is Primerica A Scam? The Naked Truth! - | Affiliate Marketing For Leaders Those who participate have bought into the lie that they own their own business. Water, food, ever other necessity you can think of should not have to be provided to people at a cost. Just then someone clearly answered because he quickly spoke into the mouthpiece, his voice fast and sharp, Hi, Im looking for Amy I listened to the call and to him book the interview, but my thoughts were jumbled.