pfs investments pyramid scheme

He finally mentioned he was on the phone with primerica and he was conducting an interview now Very weird so I blocked evrythhng and said no sales. However, companies, I was in college when they reached out to me about coming there to work. These places and factories will make organic as possible, vegan as possible, human friendly medication. He just missed the Pyramid Gravy Train by a couple of levels. I mumbled something about Ill see what I can do said my goodbyes, and bowed out. Known as a co-founder of EarthLink, the internet service provider that . Ive seen success, a lot of it, and thats because we had a passion for what we do. I gave him my phone number and when I asked him for a business card he said he did not have one and went on to talk about how he makes 3-4k a weekyeeeaaaah. It amazes me that people still think they can get away with taking advantage of good people that just want to work. Check this out: https://www.reddit.com/r/antiMLM/comments/8ctzhz/almost_answered_a_job_scam_they_yelled_at_me_down/. Im rather candid so I mentioned i was a bit dissatisfied but hey, it pays the bills. Tope Trading money for honest goods and services is not a ripoff. 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. Should I in fact back out? Reed Slatkin - $593 million. I thanked the VP for the opportunity and ended the call. This may be a rough road, dead end, pain, death and not get anywhere. I was definitely lied to when I first was contacted by the woman. Why would this kid go into a financial holdings company, with a leather-bound notebook? At least then they can make informed decisions. A meet and greet with the manager and then into the position details. I also just had the same call and scheduled interview for friday. Primerica is a legitimate multi-level marketing company based in America. Everyone knows its MLM even though the company avoids the term like the plague. The first red flag of the call was that she did not state the name of the company from which she called. This, by the way, was part of her voice message. I, too, have an interview for tomorrow that I doubt Ill go to now! Promptly at six a man walked in and introduced himself and said he was there for an interview with John. Primerica has the BEST products for the least amount of money in the industry! The annuities and mutual funds are sold via a licensed dealer and broker called PFS Investments. The business of Primerica Reps is recruiting other reps. (Kind of like someone asking you out on a date and then you saying I have a girlfriend, they should get the hint) The guy keeps talking and says something like we should have a discussion when youre free about the position. The reality is their culture was disturbing and triggered a lot of anger in me. Then she talked about the opportunity to make money, but it was NEVER presented to me by her; or any of the other Primerica reps that it was any kind of a job interview. They use the classic BAIT and SWITCH for everything they do. Were 30 mins in this interview, hes asked me for $124, 3 people i have to refer who will also pay $124, my credit card info, 25 phone numbers to also call and sell insurance too, and then called my parents for a home meeting. I think not! The activity on this thread keeps the page at the top of Google searches for common phrases related to Primerica. When I started asking for e-mails and more information about the company. I told her I dont have friends, so Im just telling her anything so shell drop it but she was so persistent it was ridiculous. The whole thing seemed extremely odd to me that they would be interested in employing someone like myself who has zero experience in this field. Thats the nature of working in several industries overseen by a regulatory body. Its funny how quickly he wrapped everything up with me once he got that call. OMG thanks for this website!!!!!!!!! At first I was questioning that, arent you supposed to use a business card? All of his uncles work for Primericaeven Uncle Doug!! She starts telling me all the wonderful places her job has sent her, free of expense. Remember that Primerica reps have something to gain with whatever they tell you. I really went in to the sales pitch thinking I was going to interview for a position as an IT guy for a small regional set of offices. My Lyft driver actually was the one who told me I should come by his office but didnt mention what he actually did (broken record much lol). It seems the main issue was the lack of transparency by the Primerica reps when discussing the opportunity and the tactics used to get in front of the prospect. So happy I dug deeper. They have my info and I am The second, presents a sales pitch on a legal service. Destroyed my friendships with this job. When they first came I noticed his wife was wearing a dte coat, I asked jokingly what company is this opportunity with, Primerica or Dte? Then once the first lady satrted talking all I could see in my head was Wolfe of Wall Street. I can feel itll just be a waist of my time and I would rather work for a company with a good reputation. I want to shake my head at me too. It is simply bait to make a [possibly desperate] job seeker to show up for a potential job that doesnt exist. It must be weekly, I thought to myself, no way thats monthly? Had forgotten the details but Tracy Coenens information on many posts about the 99% failure rate of MLMs, despite Primericas legitimate products have me thinking. No rebuttal, just got off the phone. But for all of you out there who have fallen for this or maybe thinking about it, remember this, When a company asks you to pay for getting any piece of paper, fees, approaching you in odd places,etc., think before you leap, do your research for other companies selling the same product and see how it is or isnt done, then make up your own mind. I was ready to mangle both of them Im so fed up with these lames at this time. Glad I dug in deeper. And now I am here. Only two other rooms seemed to be in this building, a walled-off office and a copy room that was more or less a bump off the main hallway. I feel so used and abused, and the trust is gone! Is that where you have a head honcho at the top and workers at the bottom, like, I dont know, Walmart? I think youd do well and Id like to have your number and have my secretary call you to set up an interview. I dont know why i get that feeling when a job has to take more than 30 minutes to explain itself to a group of people, they told us to hold our questions until the end of the presentation. In Primerica, the game is recruiting into infinity. One of those analysis of Primerica showed how that it is nothing more than a game where you dont really make any money, and its all about recruiting and selling over priced term life insurance. EX. Sucker Me Not At This Time She really did not go over what the company was about but said we will discuss during the interview and not to worry if I was not experience because they like to teach within the company. He wasnt really giving me a clear description of the job, but I still heard him out. Just to note i did research before the interview. I filled out the basic information and then realized they asked for social security and began to question him. Blah blah blah. Like he told me, eventually this isnt a job. Ill text the woman tomorrow to cancel since she made it clear that she had her phone on 24/7. it is clear that it is not a typical job if you build a business with them based on the comments. Because who wouldnt want to make money a % off ur recruits even when your not there to make the deal.We scheduled another appt. I would certainly warn anyone who might be roped into this to DO YOUR RESEARCH!! You have no honor in your name. She said they were just getting established here. Thanks for sharing and saving me the gas money! not something good to be involved in. When I laughed at her question, she assured me it was because she wanted to know about my credibility, although she failed to explain how where my family lives illuminates anything about my character Clearly, they are looking for people with family/friends to pitch their products to. Multi-level marketing is not a business. I would advise this company to improve its product and recruiting tactics to avoid getting continued poor publicity. Pretty much what i expected, sort of. I got a call today. MLMs are legitimate but a prospectus or other similar vehicle should be required for prospective recruits just like a stock or mutual fund offering, identifying exactly what fees are involved and what is specifically required of the representative. You will lose the business and the friendship. Mike No matter what they tell you, MLM is not a business. My ignorance had me traveling well over 30 miles one way. Now here I am, I think Ill be cancelling my interview for tomorrow. I had been suckered before into going to an interview for what turned out to be a door-to-door sales job, so I was wary of this one. Joe get Sally a $800 annual premium, (depending on your team members rank)(entries are REPs 25%) Joe will earn 25% of 800 =200(ONLY ONE TIME,THIS ONE TIME), (PYRAMID TIME) the remaining flows up the tunnel 75% (depending my rank) REP 25%, $200. Thanks for this post. It's a scam, he has to pay for his training, doesn't get paid for time training, some commissions are based off those who work under your recruitment pyramid. Got a free dinner out of it, but I never did anything with it and didnt give them any money. A few of us bought into a resume site, access to hundreds of local resumes. I seem to have ulterior motives? What would that income really be after all expenses, office rents, etc, were deducted? I ALWAYS check out a company before interviewing so after reading the above information, I gracefully declined the interview. Identify bulldogs in your contact list and recruit them so you can make money off those go-getters and build a strong downline. The people who give up on this business dont understand the potential of having your own business and life. Do whats right. I am not shown this. She wants to meet at a bar in my neighborhood on a Sunday (after church she stresses more than once) to have a chat. I tell her my mom had me when she was 18 and I grew up poor. He also said that he can talk to me me and my wife at the same time to explain the money for the financial license. Only said that his company was part of the stock exchange and made more money than Yahoo -_-. I just received a call earlier today. February 27, 2023 alexandra bonefas scott No Comments . Ive read a ton of comments on other sites as well, and this is just not cool! Legit MLMs and pyramid scams have a few key differences. Similar situation MLM never has appealed to me. I texted my friend and asked him what was $99 needed for, and he replied it was for my background check and two tests I would need to take before I got my license. I will not be going tomorrow. * Finally, does it have to have an hourly salary to be job? I quit altogether after 2 months because it was the most draining months of my life. Pingback: Why Do People Join MLMs? (including advances). I immediately searched the company and came across this page. I am a young college student interested in Investment Banking and was told by an ex-financial advisor at a prestigious firm who attempted to act as my mentor to join. Over dinner, I told my husband about the phone call and what I had found online about this Primerica and learned that he, as well, had been lured to their office a few years back, when he was looking for a job and after sitting in their presentation, he realized that it was a pyramid scheme and walked out without looking back. I asked her who referred me and she said they interview 30 to 40 people a week and that my name was on a list. One can only hope they were having a dinner party in the back and not a Donner Party If this company asks you to come in for an interview, bear in mind they are only after your money. I asked him if I should bring any specific documents with me and he abruptly said no and that he simply wants me to come in and talk with him first, also adding there would be some forms one of which would include qualifications I have and work history. I would try to ask the instructor questions about the topics and he would tell me not to ask questions just memorize the material and take the test. Sounded too good to be true about the money and needless to say thank-you to everyone here I will not be going. Just got a call myself from George saying he was with a booming company called Primamerica and he found my resume on CareerBuilder. So, I just said to him, actually there are 3 of them (including Curtis and a lady with a hair cover) that I will decide first and will give them a call within 24 hrs. More about my terrific personality, she was very specific that I had to dress professionally, no jeans or sneakers, and was firm while speaking to set up the informal discussion. I was there in the bulding today just asking ppl some jobs & met a young lady going for interview & I ask her if I can follow her to know more about the job & she was nice to me to let me follow her. Two girls were there for the job too. As soon as I was better he wanted to meet that evening or would tomorrow be better. I said ok and never went back. 90% of Primerica income made by 304K student training recruits that will never be licensed. Ex boss explains that he also wants me to set that up as an employee benefit. 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. Discouraged, I climbed into my own car and went home. not a business Then he started talking about me bringing in names of people to add to my team for my business. He told me that I would make more money by bringing in people. So this nice, well-put together woman is kind of a nice change to talk to. I was left dumbfounded by all these comments. It was odd that the individual wouldnt tell me what the position was and that it wasnt sales. Wheres the money? So this person who called said a headhunter has forwarded my resume to him and ask if I would like to work for them. Term Life Insurance 3. I was irritated. And where, exactly, are you going to file that complaint? So, with that experience under my belt, life goes on. She gets so defensive when anyone questions her work. I am so glad I found these comments it saved me the time of going to somewhere that was not what it was suppose to be. A pyramid scheme is a fraudulent system of making money based on recruiting an ever-increasing number of "investors." The initial promoters recruit investors, who in turn recruit more investors, and so on. I replied BJs (actual restaurant thats very good). He said well if someone were to tell you i can supply you with all the equipment to cook, but you would have to build your own client tale it wouldnt do to well right off the bat right? i said agreed then he replied well thats what i can help you with. Thank you for the heads up!!! (unlike this whole description of events, I kept things brief) She told me to wait in the conference room as she grabbed the other woman who had come in to interview her. Also, back then Term insurance was much more novel than it is now. Are there good people in this business? I knew from the phone call that something was wrong. He been calling me since. I enter the building with a standard Primerica logo, inside its completely empty with only her and no receptionist. I havent called this company in 5 years for anything, and the moment I need some actual assistance, Im treated this way. And in response to that someone wrote to me the following: Hello Good evening, I work for Financial Services Office. I realized, if success at PFS meant doing this forever, I might not make it.

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