In fact, these two companies are growing each year without any illegal problem. This means that the same Californian Judge will hear both cases. This naturally raised the question of what Premier Financial Alliances core priority was. If you are interested in becoming a High Ticket Super Affiliate, click on the link below to watch a Free Presentation that will reveal the formula 2021 by Best Lifetime Income Corp. All rights reserved. That's for any industry you go in. 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). Get your ticket. Death is not required to gain protection from this type of insurance. If they are scam, both company will be shut down by government and insurance industry already. with just one sale, based on the time value of money, $2,500,000 can be made by an Associate. According to allegations of an ongoing lawsuit, Premier Financial Alliance earns all of its revenue through recruitment. Is Premier Financial Alliance a Pyramid Scheme? On November 28th defendants A JW Production, LLC, Bill Hong, The Consortium Group, LLC, Jack Wu, Rex Wu, and Lan Zhang, filed their own motion requesting the same. I.e. A case management conference has been scheduled for January 13th, 2020. Post your questions here and have them answered by people who are knowledgeable about all types of scams. 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. Premier Financial Alliance is an innovative financial planning business that works to help clients and associates create and then actualize their financial goals. Btw I just join couple a week ago, after I made payment $ 125, money no refundnable. As far as I know it's a legit company. Other drawbacks are more than enough to tell you to ditch this company and look for a better option instead. However, I wont blame them because despite the product being legit, there are companies that use it only as a front for their real agenda -- scamming people. they will earn vast wealth, luxury vehicles, and lavish trips when in reality more than 95% of PFA Associates average net losses. Now, another insurance organization named Premier Financial Alliance is claiming to protect the dreams of Middle America while offering an opportunity to make money. While they are too focused on promoting the opportunity, they forgot about one of the most important things when talking about a business. Need Assistance? 5955 S. 56th Street, Suite 2, Lincoln, NE 68516 Ph. The founders LinkedIn account is barely updated. Something went wrong while submitting the form. So I have nothing bad to say about them. But looks like company agent screwed Nepali and Bhutanese immigrants. The lack of retail sales clearly suggests that its a pyramid scheme. Otherwise, check out our top-recommended program if you dont want the hassle of selling and recruiting. Press question mark to learn the rest of the keyboard shortcuts. In our review we found an astonishing lack of information provided to potential PFA retail customers or indeed, whether retail sales were even possible at all. 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. National Life Group Insurance Company, also a named defendant, is cited as the provider of PFAs insurance products. As a new Premier Marketing Associate you will be instructed that the key to attaining success in your business lies in assisting each of your . PFA and WFG are both legitimate company, not a scam. On the original 2018 pyramid scheme case docket, an administrative motion was filed on March 19th. Money is just by product. That could be problematic because more or less, they will do their best to persuade you in joining the program. Optional riders are available that allow you to access a portion of the death benefit while you're alive during qualifying health events.2. More or less, it follows a multi-level marketing (MLM) structure that lets people earn by selling their policies and at the same time, growing their team. Your submission has been received! So a little backstory, I remember seeing this kind of play before as I saw this when my ex-girlfriend tried to recruit me into Herbalife years ago and my cousin into WFG about 7 years ago. Premier Financial Alliance have been directed to file their response to the lawsuit within twenty-one days of the filing. They are obviously doing something right. So why don't we? Address Line 1 *. Also if you look and really think about it, MLM is everywhere. The best business tools and support you need. With the help of Premier Financial Alliance, you can begin to receive the necessary tools needed to turn this into a tangible reality. 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. All it says is that they are selling your dream but if I know, this is a way to attract people. Suite 289. Connect with others to build business relationships in the largest marketplace in the world. Save my name, email, and website in this browser for the next time I comment. Living Life by Design Indexed Universal Life is customized specifically for and distributed exclusively by 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. PFA may have privately organized under the Laws of Georgia as a different The business opportunity is focused on recruiting people, and have them purchase 100 points in volumes. Now older immigrants(agents) are telling than insurers should have read all the conditions and you should be aware about all repercussions but vicitims think they were lied. $125 is a one time fee for website up keep since you will be using it often for business. Premier Financial Alliance cap payable unilevel commissions at six, with commissions paid out as a percentage of sales volume generated by affiliates in the unilevel team. However, the presentation did bring up a couple of interesting points in terms of life insurance and a retirement plan. 800-480-5005 Fax 402-423-5102, | For Agent/Broker Use Only | Copyright 2023 Premier Financial, Inc. | Powered by. Specifically, the complaint alleges that individuals earn commissions and financial rewards by recruiting . Call us at (920) 898-4232. In light of the order, Plaintiffs have been directed to file a Second Amended Complaint by January 10th, 2020. Find locations. My name is Vasiliy Latipov and I help ordinary folks build extremely profitable affiliate marketing businesses (even if they have no experience or list). Your submission has been received! 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. 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). Disrupting the financial services industry. Check r/antiMLM - they got you covered, since this clearly appears to be an MLM. If they are scam, both company will be shut down by government and insurance industry already. 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. Recruitment is a part of their system; however, if the attention is put heavily on this, it becomes a red flag. https://www.facebook.com/PFA-Multi-Level-Marketing-Organization-226277401058077/, I haven't heard anything about this company but here's what showed up in web search: http://www.scam.com/showthread.php?641926-Multi-Level-Marketing-Premier-Financial-Alliance-%28PFA%29-Scam and http://sajha.com/sajha/html/index.cfm?threadid=111838 and 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, If it feels fishy and smells a bit, I think it is wise to walk away Doug Content Director: TheDailyScam.com. If you have fallen for a scam, you can post your experience here to warn others. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. Donald Trump and Robert Kiyosaki recommend it? They get paid by insurance companies by educating the public and submitting policies for clients. But hey, everyone has to start sometime right? Someone reached out to me on Instagram recently. I noticed people sign up and don't do anything about it. 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. Online, offline, email, or postal. PFAs argument that the company and its employees are based out of Georgia was also rejected. No where any company will give 30% commission. Other than MLMs, one of the most questionable products or services is insurance, and perhaps thats one reason why there are people who dont have it yet. Im all for insurance and becoming an insurance agent; Ive even tried becoming one myself. Its total legal and make sense. The Premier Financial Alliance Lawsuit. PFA and WFG does not make money of recruiting people. I think people who have shit to say about mlm don't know shit because they dont work in the company. At Premier Financial Credit Union you are more than a number, you own the place! this Insurance MLM they are stealing ppl money. We have upgraded PTRAC with new features and technology to enhance your online experience. Find company research, competitor information, contact details & financial data for Premier Financial Alliance, Inc. of Suwanee, GA. Get the latest business insights from Dun & Bradstreet. You can check more insurance companies here. Need Assistance? A cost-effective option for individuals who seek coverage for a predetermined period of time. 1st client get 30% commission. $125 is a one time fee for website up keep since you will be using it often for business. In this case, Premier Financial Alliance clearly comes with tons of red flags that cant be simply ignored. This product represents the next generation of our shared success . 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. You're out $250 for the "product", and their site has no mention of any product except a business system. 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. Awesome. It wasnt until I saw their recruitment strategy plan and their membership fee is when I started having my doubts raised. Annuities, Life Insurance, Long Term Care Coverage, Income Protection, Medicare Supplements and more. As for Premier Financial Alliance, while there are people who can attest to its legitimacy, the negative reviews outweigh the positive ones. The best way to know is have your friend explain to you how PFA make money. MLM is legal business system that has been around and proven to be very efficient. 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. Download the Mobile App. Equal Housing Opportunity. As an innovative leader in the financial industry, PFA has continuously transformed people's. No marketing is done to retail customers. Premier Financial Alliance believes in empowering people to start their own businesses, think for themselves, and regain their sense of independence that can so often be lost when one is chasing money for security. 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. In this post, well talk about an insurance organization called Premier Financial Alliance and why its making noise online. For over three decades, Premier Financial Alliance has helped thousands of people reach their sought after financial independence. 1300 Peachtree Industrial Blvd Ste 4210, Suwanee. No compensation plan. Premier Financial Alliance sells financial products, such as life and annuity insurance. A hearing to decide the arbitration matter was scheduled for July 19th. Following the filing of an amended complaint, a second motion to dismiss and compel arbitration was filed later that same month. 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. Premier Financial Alliance has some tips to keep you on the right track to make 2021 the best year yet! ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. In addition, the PFA agents receive a commission when they recruit a new affiliate. Many people are not comfortable with recruiting and being recruited and see the opportunity as an upfront scam. 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