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. In this case, Premier Financial Alliance clearly comes with tons of red flags that cant be simply ignored. Come join us in our quest to bring financial prosperity back to each . ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. If you want to join be come a agent go head..!! ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. What is described in the lawsuit of PFA business model is that of your typical autoship recruitment scheme. 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. Disrupting the financial services industry. Did you borrow what you put in? 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. If you have questions or comments, please feel free to share them below. Learn More . Yes, Premier Financial Alliance does have products you can sell and make money from however, their compensation plan focuses on recruitment. http://www.slideshare.net/MSchafers/why-robert-kiyosaki-and-donald-trump. Once they pay the $125 membership fee and buy the Living Life IUL policy, Premier Financial Alliance associates are pressured to recruit and sell the policy within their network of friends and family members, typically from the same immigrant group. If yes, then you should join our top-recommended program. Its total legal and make sense. 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. they will earn vast wealth, luxury vehicles, and lavish trips when in reality more than 95% of PFA Associates average net losses. 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. The motion requests permission to seek reconsideration of the earlier arbitration denial decision, or in the alternative a transfer of the case to Georgia. HOME; JOIN PFA; P-TRAC LOG IN; PRIVACY POLICY; TERMS OF USE . BehindMLMreviewed Premier Financial Alliancein 2016. Equal Housing Opportunity. You can also subscribe without commenting. A case management conference has been scheduled for January 13th, 2020. 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. Ask about our exclusive product that offers the potential for a higher guaranteed lifetime income than a traditional fixed annuity. Broker at Premier Financial Alliance Seal Team. }; As per a July 1st order however, the hearing was continued till August 20th. Post your questions here and have them answered by people who are knowledgeable about all types of scams. Their . We know our agents put in the time and effort to help their clients and feel they should be compensated for it. There are lawsuit against PFA, but they are all denied. Has this product worked with anyone? JW's Rise to Success. Lost Card. Post your questions here and have them answered by people who are knowledgeable about all types of scams. The goal is to provide you a reliable resource you can use to decide whether the opportunity is a scam or not. Suite 289. Need Assistance? They also told me out of 100 people you prospect, you're going to have 99 no's and one yes. No compensation plan. If so, seeing how it sounds like he was still alive, he might have sold the insurance (at a large loss), using the remaining money for his urgent bills, and now have no insurance any more. The last significant filing in the 2018 case is a May 28th motion by the Premier Financial Alliance defendants. Now I lost $125. Its not just in case you die - it's to live a life you love. Thank you! I wont sell this Insurance to any my friend or family. Thank you! Talk to the one who invited you. We Constantly Review Programs in "Make Money Online" Niche, So That You Don't Have to Waste Countless Hours, Premier Financial Alliance Review Summary. 1st client get 30% commission. Following the filing of an amended complaint, a second motion to dismiss and compel arbitration was filed later that same month. My parents got insurance through PFA. The most damning allegations in the new 2019 lawsuit are the targeting of Asian immigrants, and claim that 95% of sales within Premier Financial Alliance are affiliate purchases. 132 were here. Premier Financial Credit Union Mobile Logo. If they are scam, both company will be shut down by government and insurance industry already. This was again based on a clause in the AMA, which lead to it being denied for the same reason as arbitration. Copyright Lawsuit After Lawsuit Calling It A Pyramid Scheme. Just personal reference. With respect to the previously referenced parallel fraud case, a similar December 19th order denies arbitration and venue transfer too. 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. So I have nothing bad to say about them. PFA, WFG, Amway they are all big successful company using this system. Founders David Carroll. January 12, 2022. Serve your client, Serve your team, and required always put other people first before. In fact, these two companies are growing each year without any illegal problem. Defendant Premier Financial Alliance, Inc. ("PFA") is a suspended California Corporation, Entity No. Headquarters Regions Greater Atlanta Area, East Coast, Southern US. This is my experience and I hope you got some thing out of it! Ill be checking in for updates on both cases on July 19th, after which our next scheduled case update will be on or around August 20th. failure to submit sufficient evidence that plaintiffs affirmatively agreed to the terms of the Premier Financial Alliance Associate Marketing Agreement (AMA) by clicking a box in an online registration form. Stated aims of the class-action include establishing. p.s. Press question mark to learn the rest of the keyboard shortcuts, http://www.scam.com/showthread.php?641926-Multi-Level-Marketing-Premier-Financial-Alliance-%28PFA%29-Scam, http://sajha.com/sajha/html/index.cfm?threadid=111838, http://www.ripoffreport.com/r/premier-financial-alliance-seal-team/rockville-md-maryland-20850/premier-financial-alliance-seal-team-premier-financial-alliance-seal-teamrex-wu-john-wu-1192255, http://www.slideshare.net/MSchafers/why-robert-kiyosaki-and-donald-trump. PFA and WFG does not make money of recruiting people. This Credit Union is federally insured by the National Credit Union Administration. Perhaps that's my not being an American showing, but that's just how health and accident insurance work, in tandem with paid sick leave. Press J to jump to the feed. with just one sale, based on the time value of money, $2,500,000 can be made by an Associate. 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. https://behindmlm.com/companies/premier-financial-alliance-fraud-cases-consolidated/, https://behindmlm.com/companies/premier-financial-alliance-denied-arbitration-and-venue-change/, https://behindmlm.com/companies/new-premier-financial-alliance-lawsuit-claims-asian-immigrants-targeted/, https://www.mitbbs.com/article_t/SanFrancisco/34629529.html, https://behindmlm.com/companies/premier-financial-alliance-classic-pyramid-scheme-lawsuit-filed/, http://www.wenxuecity.com/news/2018/07/25/7469956.html, a 2018 suit filed by Rui Chen and Wenjian Gonzales, alleging, a 2019 suit filed by Youxiang Eileen Wang and Biyun Zong, alleging Premier Financial Alliance. 800-480-5005 Fax 402-423-5102, | For Agent/Broker Use Only | Copyright 2023 Premier Financial, Inc. | Powered by. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. While there really is money in becoming an insurance agent, and by that I mean massive commissions, the legit IC Ive seen compensates their members for selling their products. Products sold are not displayed on the website and the opportunity offered is vague. This website provides the most important contact information about the Corporate Offices & Headquarters including Premier Financial Alliance Address, Corporate Number, and more. According to allegations of an ongoing lawsuit, Premier Financial Alliance earns all of its revenue through recruitment. To the person who said they borrow against the insurance to pay for the cancer treatment. 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. As long as you are willing to learn about it, I dont see any problem at all. They are obviously doing something right. No where any company will give 30% commission. Company size Large enterprise (150 or more) You get set up with a trainer, get a product and compliance education, and learning the turn key system. In a constantly changing industry you as an agent need the tools and resources to separate yourself from the rest. The trick to MLM is to sign up underlings that can pay the fee. When a company earns most or all of its revenue from recruitment, by definition, it is a pyramid scheme. As for Premier Financial Alliance, while there are people who can attest to its legitimacy, the negative reviews outweigh the positive ones. To sell the financial-success promise, PFA, Carroll, J. Wu, R. Wu, Hong, Zhang, and AJW flaunt the wealth of the highest-ranked Associates and those few insiders at the top of the pyramid, as examples of the riches that await new participants, if only they will work hard enough (i.e., tirelessly recruit new Associates). Online, offline, email, or postal. PFA and WFG are both legitimate company, not a scam. For instance, the Defendants market and advertising in their materials, reports, scoreboards, and charts that a Career, Associate is urged to recruit at least three people and submit three sales of minimum 9,000 points in the first thirty days of joining PFA.. What Is Premier Financial Alliance About? On the original 2018 pyramid scheme case docket, an administrative motion was filed on March 19th. I dont like MLM. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. I've seen with my own eyes, this company change lives from consumers to their employees. Also if you look and really think about it, MLM is everywhere. now = new Date; Founded in, 2021 headquarterlocation.com. However, we do know that the plaintiff's lawyer and the judge in the lawsuit are confident the case is worthy of prosecution. The price of the product is so high compared to comparative market prices that it is impossible to legitimately sell these products retail, except to friends and families. This is based on one of the Plaintiffs in aparallel fraud casealleging the affiliate who recruited them signed them up. whether Defendants are operating an endless chain; whether Defendants omitted to inform the Plaintiff and the plaintiff class that they were entering into an illegal scheme where an overwhelming number of participants lose money; whether PFAs statements of income during the Class Period were deceptive and misleading; whether PFAs conduct constitutes an unlawful, unfair and/or deceptive trade practice under California state law; whether PFAs conduct constitutes unfair competition under California state law; whether PFAs conduct constitutes false advertising under California state law and; whether the Defendants violated the Department of Insurance Guidelines in representing the benefits under a policy and/or underwriting. Learn about it, I dont see any problem at all while are! 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