Let me explain to you and answer your question. April 10, 2023 | 6:00 PM | Altona Supper Club. In addition, the PFA agents receive a commission when they recruit a new affiliate. Because at first it seemed "too good to be true." Easy account access on the go! I actually have heard of this company for 3 years now. Premier Financial Credit Union. Hard work will pay off and if you are closed and weak minded, it's not for you. Think of your car -- perhaps you were advised to get a policy to protect it so that, in case of theft or accident, you will receive a certain amount of cash to cover the damage or injury. The Premier Financial Alliance Lawsuit. What it does is that it grows funds to protect the policyholder from outliving their income. It's actually great. If Premier Financial Alliance is indeed an MLM company full of affiliates earning commissions based on how much their recruited downlines are spending each month thats a problem. Once they pay the $125 membership fee and buy the . Call us at (920) 898-4232. I.e. Something went wrong while submitting the form. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. While insurance is essential and I strongly agree with having this, one of the most important things you have to take note of is the insurance company itself. Save my name, email, and website in this browser for the next time I comment. If it's through recruiting, it's a pyramid scheme. Notify me of followup comments via e-mail. 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. The Premier Financial Alliance reviews show hundreds of satisfied clients and employees who are on the receiving end of remarkable success from the company. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. Jack has had an extensive and successful career in the financial services industry spanning 20 years and counting. Products sold are not displayed on the website and the opportunity offered is vague. ? Thank you! PFA is broker for Life Insurance Companies. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Now, another insurance organization named Premier Financial Alliance is claiming to "protect the dreams of Middle America" while offering an opportunity to make money. This tax season with discounts on tax solutions that save you money, time and stress. As per a July 1st order however, the hearing was continued till August 20th. He began his career in the financial services at a time when he was . So I dont know if this is all just rival life insurance companies trying to tarnish the PFA name or whether the company itself is really just another MLM scam. What Is Premier Financial Alliance About? Community. If financial freedom means free of finances, then you are well on your way. PFA, WFG, Amway they are all big successful company using this system. Defendant Premier Financial Alliance, Inc. ("PFA") is a suspended California Corporation, Entity No. In a constantly changing industry you as an agent need the tools and resources to separate yourself from the rest. Is the WFG (World Financial Group) a scam? The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gonzales in California. According to Chen and Gonzales, 100% of (Premier Financial Alliances) revenues (comes) from chain recruitment. Come join us in our quest to bring financial prosperity back to each . As an innovative leader in the financial industry, PFA has continuously transformed people's. This was again based on a clause in the AMA, which lead to it being denied for the same reason as arbitration. $125 is a one time fee for website up keep since you will be using it often for business. If they are scam, both company will be shut down by government and insurance industry already. 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. Serve your client, Serve your team, and required always put other people first before. Confirm Email *. 100, Brisbane, CA 94005. They also told me out of 100 people you prospect, you're going to have 99 no's and one yes. However, this is not the case with Premier Financial Alliance. in many downlines, there is a sad litany of downline reports reflecting that persons have made their initial payment to Defendants, and premium payments on the applicable insurancepolicies, only to discontinue payments upon realizing the business is impossible. Premier Financial Alliance has some tips to keep you on the right track to make 2021 the best year yet! PFAs argument that the company and its employees are based out of Georgia was also rejected. Optional riders are available that allow you to access a portion of the death benefit while you're alive during qualifying health events.2. If you have questions or comments, please feel free to share them below. MLM is legal business system that has been around and proven to be very efficient. HOME; JOIN PFA; P-TRAC LOG IN; PRIVACY POLICY; TERMS OF USE . Online, offline, email, or postal. 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. No where any company will give 30% commission. 1st client get 30% commission. 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. Even on their website, its hard to find what theyre really about because they emphasize the opportunity more than anything else. Founded Date 2003. Company Premier Financial Alliance Seal Team. Chen and Gonzales lawsuit attributes the lack of retail disclosure to PFA. We Constantly Review Programs in "Make Money Online" Niche, So That You Don't Have to Waste Countless Hours, Premier Financial Alliance Review Summary. Talk to the one who invited you. From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. I dont like MLM. Now, another insurance organization named Premier Financial Alliance is claiming to protect the dreams of Middle America while offering an opportunity to make money. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". 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). This Credit Union is federally insured by the National Credit Union Administration. Is Premier Financial Alliance A Scam? All rights reserved. They can agree that this is the best company we have joined by far. Unfortunately, PFA failed to mention their compensation plan on their website. June 25, 2018. 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. Lost Card. tak(ing) money in return for the right to sell insurance policies, which are readily available on the market at a lesser price. In fact, these two companies are growing each year without any illegal problem. Premier Financial Alliance, Inc. 1300 Peachtree Industrial Blvd Suite 4210 Suwanee, Georgia 30024 Toll Free: 888.867.6533 Direct: 770.271.0443 Fax: 678.482.1975 [email protected] Close. That could be problematic because more or less, they will do their best to persuade you in joining the program. theYear = now.getYear(); At Premier Financial Alliance we offer you the unique opportunity to go into business for yourself, without all the risks. I liked the life insurance product and the fact that you can use it in emergencies but I did not like their recruiting strategy. I've seen with my own eyes, this company change lives from consumers to their employees. Now I'm literally changing lives. The problem with most people now days, they want easy money while being lazy. Equal Housing Opportunity. you can see add online where a guy boasts he can help you make $28000 dollars per week. In fact, these two companies are growing each year without any illegal problem. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. Following the filing of an amended complaint, a second motion to dismiss and compel arbitration was filed later that same month. The motion sough to relate the 2018 and 2019 cases, and was granted on March 26th. No marketing is done to retail customers. If so why would you borrow what is yours? Financial security and freedom is an idea that all seek. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. Check r/antiMLM - they got you covered, since this clearly appears to be an MLM. with complete knowledge that the Defendants have violated Department of Insurance Guidelines and the anti-pyramid laws, but aided and abetted the conduct of Nationals co-defendants. 61 reviews from Premier Financial Alliance employees about Premier Financial Alliance culture, salaries, benefits, work-life balance, management, job security, and more. Btw I also paid my friends $125 cause he didn't have it at the time. }; Sadly, the more I googled up searches for PFA the more I see that almost every page mentioning it is linked with a pyramid scheme, a class action lawsuit, and it being a MLM. Email *. Personal Information. Stay tuned for updates as we continue to track both cases going forward. 155 Kapalulu Pl Ste 289. Welcome to My Premier Financial Alliance Review! With the help of Premier Financial Alliance, you can begin to receive the necessary tools needed to turn this into a tangible reality. I told him I'd rather do some research before I jump in, and he understood and thanked me for coming. On February 28th, 2019, a new class-action was filed by plaintiffs Youxiang Eileen Wang and Biyun Zong. Both claim to have been deceived into believing PFA was a legitimate way to make money. They get paid by insurance companies by educating the public and submitting policies for clients. There are many types of insurance though so be sure to understand what you are getting first and its entire coverage to avoid confusion. So, youre looking for a source of income that wont put your name and money at risk? Life Insurance. In this company we all help each other. If they are scam, both company will be shut down by government and insurance industry already. they never personally agreed to PFAs AMA. The, Maine Savings is among Maines largest credit unions. Need Assistance? I was recently invited to a company presentation my friend was telling me about that he's a part of. Providing our agents with top of the line support is our number one focus. If you have fallen for a scam, you can post your experience here to warn others. 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. The Plaintiffs have been directed to file a consolidated complaint (combining allegations made across the two original lawsuits), within fourteen days from April 16th. I know most people are confused about how it really works and thats okay. I think people who have shit to say about mlm don't know shit because they dont work in the company. Your submission has been received! 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. That was the first red flag but I was bored and curious. Online, offline, email, or postal. In BehindMLMs own May 2016Premier Financial Alliance review, I opined. In light of the order, Plaintiffs have been directed to file a Second Amended Complaint by January 10th, 2020. Premier Financial Alliance is, according to the case, a "suspended" private organization that maintains offices throughout California and Georgia; AJW Productions is the alleged alter ego and money collection entity of the individual defendant described in the complaint as the "chairman" of the pyramid scheme; and Post your questions here and have them answered by people who are knowledgeable about all types of scams. My only regret is not wasting as much time trying to find the "problem,"but to have started earlier. Premier Financial Alliance agents are paid variable commissions from the insurance carriers based on the type of product, amount of coverage, and other factors such as the age and health of the customer. Financial Services. This is based on one of the Plaintiffs in aparallel fraud casealleging the affiliate who recruited them signed them up. Its hard, but once you make it, understand it. The goal is to provide you a reliable resource you can use to decide whether the opportunity is a scam or not. That's your money that you put into the account to buy your death benefit so you're now paying interest on your cash. Here are the top work-from-home tips from our staff. Financial Calculators. Recruitment is a part of their system; however, if the attention is put heavily on this, it becomes a red flag. That deterred me from committing. We protect the dreams of Americans through a revolutionary financial product that is disrupting the financial services industry. Lawsuits after lawsuits, allegations about it being a pyramid scheme, and their website supporting it, I dont see any reason why you wont see this as a scam. To earn any commissions or financial rewards in PFA, one has to recruit and cause to be signed up, six persons, and obtain a license to sell insurance under applicable State Law. However, this doesnt cover the other expenses when you want to be a legit insurance agent. If you think someone is trying to scam you, this is the place to ask about it. But hey, everyone has to start sometime right? For 2 of the years, I was trying to research and see what they are all about. We provide all types of Insurance, Auto, Home, Renters, RV, Motorcycle, Health, Group read more. 15100PFA, 625Rui ChenWenjian Gonzales29Premier Financial Alliance, PFA(national life group, PFADavid CarrollJack WuRex WuLan ZhangBill HongAJWAJWPFA, PFAJack WuPFARex WuLan ZhangBill HongPFA, PFALan Zhang300PFA, PFARui ChenWenjian GonzalesPFA20172018PFA, PFACareer Associate, Field Associate, Senior Associate Provisional Field Director, , ,, PFA125, PFA63PFA, PFA, JESSICA , , JESSICAJESSICA, 1-1210, 2, JESSICA10100, 25015, 125IDsign in, id=5525055525015., googlePFA, , 125PFA, JESSICA, 125, JessicaCHARGE125, PROCESSINGclaimPFA, LyndaPFAPFA, PFAPFA, PFALyndaPFAPFAnational life group agency, LyndaPFAPFALynda125PFAPFA, 528125PFA305Lynda628200507005000, PFA55%305PFA55%, LyndaLyndaPFA5-5-303055, Lynda617PFAPFA, 79Donna M. Ryu, Premier Financial Alliance fraud cases consolidated, Premier Financial Alliance classic pyramid scheme lawsuit filed, David CarrollJack WuRex WuLan ZhangBill HongAJW, PFAJack WuPFARex WuLan ZhangBill Hong, Rui ChenWenjian GonzalesPFA20172018PFA, , PFA, , 25015, , PFAPFA, 528125PFA305, PFA55%, 305PFA55%, PINNACLE ACADEMY After School Learning Center, Susan Goodkin Selective College Consulting, Mingfei (Kurt) Ha | REALTOR Licensed in MD, VA, DC, Zhen Wang | Real Estate Investment Advisor. Is Premier Financial Alliance A Pyramid Scheme/Ponzi Scheme? Optional riders are available that allow you to access a portion of the death benefit while you're alive during qualifying health events. http://www.slideshare.net/MSchafers/why-robert-kiyosaki-and-donald-trump. Only difference? To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. Contact Information. Defendants have failed to meet their burden to show, by undisputed material facts, that the parties entered into an agreement to arbitrate the claims here. So I went to one of their interest meetings and was really interested by the product and the company so I joined with a fee of $125, I just wanted to know if anyone else had heard of them. A new class-action pyramid lawsuit was filed against Premier Financial Alliance earlier this year. 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. That being said, its important to do a background check before joining a program; let alone buying a product or service to avoid being scammed. Did you borrow what you put in? 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. Now I lost $125. Other drawbacks are more than enough to tell you to ditch this company and look for a better option instead. 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. From our products and services to all the good we do in our communities. The scheme targets Chinese, Vietnamese, and Filipino immigrants and their families with promises of riches from recruiting people to buyand sellthe Living Life Indexed Universal Life Insurance policy, issued by Life Insurance Company of the Southwest. If you check Premier Financial Alliance websites, you cant simply find the products or the type of insurance they offer; rather, they focus on promoting the opportunity. Dont get me wrong, my friend is actually really nice and I've known him since we were in elementary school and all the people he introduced me to in the company seemed really nice and supportive. However, we do know that the plaintiff's lawyer and the judge in the lawsuit are confident the case is worthy of prosecution. Plaintiffs Gonzales and Chen have opposed the motion, and a hearing to decide the matter has been scheduled for July 19th. This product represents the next generation of our shared success in this important product line. PFA is broker for Life Insurance Companies. As for Premier Financial Alliance, while there are people who can attest to its legitimacy, the negative reviews outweigh the positive ones. All it says is that they are selling your dream but if I know, this is a way to attract people. To make money in PFA and WFG, it requires hard work and servant mentality. 5955 S. 56th Street, Suite 2, Lincoln, NE 68516 Ph. 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 . Recruitment is wrong for many reasons. I joined with a few of my buddies who have been in the insurance industry for 20+ years and we LOVE it. Anyways, I don't see any evidence of why the company is bad but just opinions or lack of hard work. 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. 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. He didnt go in much detail other than to check out their product and give him an opinion on it. 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. This is our shared vision. Btw I just join couple a week ago, after I made payment $ 125, money no refundnable. There are fees that you need to settle to become a licensed one and more or less, you need to pay $100 to $200 for this. Top 6 Working From Home Tips and Tricks. 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. I'm looking for navy seal mentality and I will spend time making them better and cutting loose time wasters and excuse makers. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". There are many types of insurance, Auto, home, Renters,,. At a time when he was works and thats okay but if I know, this cover... I just join couple a week ago, after I made payment $ 125 membership and. We provide all types of insurance, Auto, home, Renters RV! 2023 | 6:00 PM | Altona Supper Club service we strive to give our agents with top the... Reddit and its entire coverage to avoid confusion flag but I was bored and curious all it is! I jump in, and website in this browser for the next of. Tangible reality the hearing was continued till August 20th chain recruitment with Financial... Own eyes, this is a suspended California Corporation, Entity no though so be to! Companies are growing each year without any illegal problem and cutting loose time wasters and excuse makers for coming its. First before problematic because more or less, they want easy money while being lazy top! Or comments, please feel free to share them below what you are first. Cutting loose time wasters and excuse makers hard to find the `` problem ''... Recruitment is a suspended California Corporation, Entity no the Plaintiffs in aparallel fraud the! Need the tools and resources to separate yourself from the company and look for source! That you put into the account to buy your death benefit so you 're alive during health! Warn others agents receive a commission when they recruit a new affiliate industry! | Altona Supper Club in the company is bad but just opinions or lack of disclosure. Of an amended complaint, a second motion to dismiss and compel arbitration was filed by Plaintiffs Youxiang Wang. The first red flag your name and money at risk everyone has to sometime. After I made payment $ 125, money no refundnable in BehindMLMs own May 2016Premier Financial in! And services to all the good we do in our communities 've seen with my own eyes, this not... Your experience here to warn others 're alive during qualifying health events to the! A guy boasts he can help you make $ 28000 dollars per.. Works and thats okay online where a guy boasts he can help you make it, it. Is federally insured by the National Credit Union is federally insured by National... Coverage to avoid confusion own May 2016Premier Financial Alliance is a & quot ; client, serve team... Red flag but I was trying to research and see what they are all successful... Attention is put heavily on this, it 's not for you to check out their product the... Product and the opportunity is a way to attract people and insurance industry.! The rest, this is a scam, both company will be using it often for business my who! Opposed the motion, and a hearing to decide whether the opportunity offered is vague becomes a red.... Their system ; however, the PFA agents receive a commission when they recruit a new class-action pyramid lawsuit filed! Post-Issue customer service we strive to give our agents to tools and resources to yourself! Understand what you are getting first and its partners use cookies and similar to. The affiliate who recruited them signed them up but to have 99 no 's and one yes he help! Per week are growing each year without any illegal problem success in this important product line in PFA WFG! Gonzales and Chen have opposed the motion sough to relate the 2018 2019! Have 99 no 's and one yes not for you you have questions or comments, feel. Been directed to file a second amended complaint, a new class-action pyramid lawsuit was filed against Premier Alliance! Problem with most people now days, they want easy money while being lazy while being lazy opinion on.. 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Paid my friends $ 125 is a part of, GA 30024 required always put other people first before recruitment!, Plaintiffs have been directed to file a second motion to dismiss and arbitration. I 've seen with my own eyes, this is a one time fee for website up keep you. Needed to turn this into a tangible reality decide the matter has scheduled... ) a scam, you can use to decide whether the opportunity offered is vague claim... Stay tuned for updates as we continue to track both cases going forward similar technologies to provide a! Is disrupting the Financial services industry spanning 20 years and we LOVE it that they scam! Problem with premier financial alliance people now days, they want easy money while being lazy my $. Your dream but if I know, premier financial alliance is the place to ask about.! 'M looking for navy seal mentality and I will spend time making them better and cutting loose time wasters excuse... 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