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. As for Premier Financial Alliance, what they offer are the following: In case the policyholder dies, its beneficiaries (such as their parents, spouse, and/or child) will receive a sum of money they can use to cover expenses after death, such as hospital bills, pay for loans and other debts, or simply to purchase essentials. Membership Join the Credit Union! Accordingly, a yet to be ruled on motion for an Entry of Default was filed on August 24th. A fixed indexed annuity uses a formula to calculate interest that considers the performance of an underlying index without actual market participation. 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. Financial security and freedom is an idea that all seek. However, we do know that the plaintiff's lawyer and the judge in the lawsuit are confident the case is worthy of prosecution. With the help of Premier Financial Alliance, you can begin to plan for these instances as soon as you are ready. Phone Number 888.867.6533. Under PFAs compensation plan, a victim only gains a rank by recruiting people into the business opportunity. 800-480-5005 Fax 402-423-5102, | For Agent/Broker Use Only | Copyright 2023 Premier Financial, Inc. | Powered by. Welcome to My Premier Financial Alliance Review! Notify me of followup comments via e-mail. That's for any industry you go in. I've seen with my own eyes, this company change lives from consumers to their employees. 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. Legal Last Name * According to government-issued identification documentation. 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. 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. Premier Financial Alliance Insurance Pyramid Scheme Complaint. 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. HOME; JOIN PFA; P-TRAC LOG IN; PRIVACY POLICY; TERMS OF USE . Now I lost $125. MLM is legal business system that has been around and proven to be very efficient. Now I'm literally changing lives. Business Profile for Premier Financial Alliance. This product represents the next generation of our shared success . Valley Strong Credit Union operates as a financial cooperative. About us. Two ongoing civil fraud cases involving Premier Financial Alliance have been consolidated into a single class-action. If financial freedom means free of finances, then you are well on your way. PFA and WFG are both legitimate company, not a scam. They are a MLM (Multi level marketing) bassically if you joined to make money then you just lost your money because it is highly unlikely that you will ever make it back. Most of the people are complaining about false stories told by agent to sell their products. 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. I told him I'd rather do some research before I jump in, and he understood and thanked me for coming. They get paid by insurance companies by educating the . Lost Card. Welcome to Premier Financial Alliance. With links to many carrier microsites that provide sales ideas, advanced planning and marketing pieces a wealth of information is at your fingertips. For over three decades, PFA has provided thousands of people from all walks of life the . Our associates are supported by a first-class team that is as passionate as you are. The same day the cases were consolidated, Girard Sharp LLP was appointed Interim Class Counsel. A case management conference has been scheduled for January 13th, 2020. Anyways, I don't see any evidence of why the company is bad but just opinions or lack of hard work. If recruitment stops, so does your profit. Plaintiffs Gonzales and Chen have opposed the motion, and a hearing to decide the matter has been scheduled for July 19th. Founded in, 2021 headquarterlocation.com. theYear = now.getYear(); So I have to give you personal contacts and persuade them to join the team or to buy life insurance but I wouldn't be making any commission off MY contacts because I'm still "in training" and not a certified life insurance agent yet? tak(ing) money in return for the right to sell insurance policies, which are readily available on the market at a lesser price. Well, if you check on FTCs guide on whether a program is a legit MLM or a pyramid scheme, it says that one red flag is that they focus primarily on recruiting other people; not on selling their products. Disclaimer | For Agent/Broker Use Only | Copyright 2023 Premier Financial, Inc. | Powered by iPipeline, 5955 S. 56th Street, Suite 2, Lincoln, NE 68516 Ph: 402-423-5002 Ph. Once you are license and trained, you make a sell to a client, thats when you and the company make money. Founded by David Carroll (whos also the CEO of the brand), Premier Financial Alliance was established in 2003, providing financial solutions. PFA agents or the PFA don't make money on $125 fee. PFA may have privately organized under the Laws of Georgia as a different Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. What Is Premier Financial Alliance About? Premier Financial Alliance sells financial products, such as life and annuity insurance. For someone who have researched and now in the company, (granted, I am always keeping my eyes open for anything I don't feel is right) but I don't see anything wrong with it. To actually learn it, knowledge it, not just be told by other people. That was the first red flag but I was bored and curious. 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. The culture, organization, and leadership are great. At Premier Financial Alliance, financial freedom is more than just a dream; its an achievable way of life. "I love PFA because we create positive change in peoples lives. Honolulu, HI 96819-1826. Do you actually know people to whom you could sell insurance, or whom you could recruit the way your friend did with you? The founders LinkedIn account is barely updated. Contact Information. Here is a Blueprintto Owing Highly Profitable Online Business Without Any Experience REVEALED! Both claim to have been deceived into believing PFA was a legitimate way to make money. Premier Financial Alliance Seal Team Business details. Broker at Premier Financial Alliance Seal Team. Plaintiffs Gonzales and Chen are seeking to represent a class of similarly situated Premier Financial Alliance victims, of whom they estimate there are over 25,000. He began his career in the financial services at a time when he was . Internet Explorer 11 is outdated. Some even told me that they are also the success of how much their product works (a man had a serious accident and due to his insurance, he was able to use the money to pay off his medical Bill's and his other Bill's while he was off of work). Company Premier Financial Alliance Seal Team. Lets us take the hassle out of shopping around for the best price and the right coverage. As for Premier Financial Alliance, while there are people who can attest to its legitimacy, the negative reviews outweigh the positive ones. Community. Explain to you the system. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". Check r/antiMLM - they got you covered, since this clearly appears to be an MLM. The problem with most people now days, they want easy money while being lazy. Because the policy is so expensive, over 95 percent of its sales occur through the Premier Financial Alliance pyramid. Is Premier Financial Alliance A Scam? Founders David Carroll. Premier Financial Alliance is an innovative Independent Marketing Organization (IMO) that helps you achieve financial freedom through starting your own business and giving you a proven roadmap to success. If they are scam, both company will be shut down by government and insurance industry already. They messaged me a handful of times after but I've just been ignoring them. 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. Post your questions here and have them answered by people who are knowledgeable about all types of scams. And obviously you won't get any results that way will you? Product Type: Multi-Level Marketing Company, Price: $125 For The Membership Fee And Tools. Premier Financial Credit Union Mobile Logo. You're out $250 for the "product", and their site has no mention of any product except a business system. At Premier Financial Alliance we offer you the unique opportunity to go into business for yourself, without all the risks. I know most people are confused about how it really works and thats okay. Access all general sessions Sept 25-29, 2022. $125 is a one time fee for website up keep since you will be using it often for business. He didnt go in much detail other than to check out their product and give him an opinion on it. 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). I joined with a few of my buddies who have been in the insurance industry for 20+ years and we LOVE it. PFA and WFG does not make money of recruiting people. Also if you look and really think about it, MLM is everywhere. From our products and services to all the good we do in our communities. If you think someone is trying to scam you, this is the place to ask about it. Premier Financial Alliance is an innovative Independent Marketing Organization (IMO) that helps you achieve financial freedom through starting your own business and giving you a proven roadmap to success. This Credit Union is federally insured by the National Credit Union Administration. they never personally agreed to PFAs AMA. 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. No marketing is done to retail customers. On May 6th an initial case management conference for both cases was held. In this company we all help each other. Optional riders are available that allow you to access a portion of the death benefit while you're alive during qualifying health events.2. People from all walks of life, from all around the world, have experienced tremendous success and results from the solutions that Premier Financial Alliance provides. They can agree that this is the best company we have joined by far. 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. I don't work for pfa but I know that my mom benefited from her insurance through them. If you have to pay to start working for them, they are not a company you want to work for, no matter what they promise. Perhaps, this is a strategy so interested individuals will reach out to them directly in person. Stay tuned for updates as we continue to track both cases going forward. Find locations. Headquarters Regions Greater Atlanta Area, East Coast, Southern US. Now, another insurance organization named Premier Financial Alliance is claiming to "protect the dreams of Middle America" while offering an opportunity to make money. The same thing with insurance, you will receive a guaranteed amount for illness, death, or accident. Recruitment is a part of their system; however, if the attention is put heavily on this, it becomes a red flag. You get set up with a trainer, get a product and compliance education, and learning the turn key system. But what if you could turn that idea into your reality? Let me explain to you and answer your question. As long as you are willing to learn about it, I dont see any problem at all. Something went wrong while submitting the form. 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. 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. Because at first it seemed "too good to be true." 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. If you want to become an insurance agent, find a reputable insurance company that will offer a legit opportunity that focuses on selling their products. Save my name, email, and website in this browser for the next time I comment. For improved security and optimized performance we highly recommend upgrading your browser. Looking at the case docket, Premier Financial Alliance have thus far failed to respond to the lawsuit. "The financial benefit let me focus on the healing and recovery and not having to worry about losing my home. Worse, if its proven to be a fraud, your name might be dragged in it, too. Based on the evidence submitted, the court ruled that the Premier Financial Alliance defendants had failed to establish the existence of an agreement to arbitrate. January 12, 2022. }; 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. Im all for insurance and becoming an insurance agent; Ive even tried becoming one myself. C2820332, that currently does business at 8000 Marina Blvd., Ste. Thank you! Knowledgable and experienced mentors with you every step of the way. In fact, these two companies are growing each year without any illegal problem. The Plaintiffs have been directed to file a consolidated complaint (combining allegations made across the two original lawsuits), within fourteen days from April 16th. 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. Work for PFA but I was bored and curious considers the performance of an underlying index actual! 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