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. Address Line 1 *. The founders LinkedIn account is barely updated. The decision to deny reconsideration was based on PFAs. If you want to join be come a agent go head..!! 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 The wechat (a popular social networking platform), instagram,facebook, and twitter posts made during the class period boast of luxury vehicles, grandiose trips, expensive fine dining. Sounds like that exactly whats going on. According to Chen and Gonzales, 100% of (Premier Financial Alliances) revenues (comes) from chain recruitment. In addition, the PFA agents receive a commission when they recruit a new affiliate. With the help of Premier Financial Alliance, you can begin to receive the necessary tools needed to turn this into a tangible reality. Call us at (920) 898-4232. Financial Services. Will it really provide a good source of income? From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. "I love PFA because we create positive change in peoples lives. The plaintiffs charge that Premier Financial Alliance is a pyramid scheme and an endless chain recruiting scam. PFA agents or the PFA don't make money on $125 fee. Also if you follow their system, you actually get reimbursed what you pay for, which is crazy to me but I appreciate it. No marketing is done to retail customers. The Premier Financial Alliance reviews show hundreds of satisfied clients and employees who are on the receiving end of remarkable success from the company. Is Premier Financial Alliance A Scam? Premier Financial Alliance have been directed to file their response to the lawsuit within twenty-one days of the filing. Just personal reference. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. Daily lunch (Sept 27-29th) Early check in September 25, 2022. 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. The same day the cases were consolidated, Girard Sharp LLP was appointed Interim Class Counsel. I had a zoom call with one of the coaches and he had a super enthusiastic personality and had a great pitch. Knowledgable and experienced mentors with you every step of the way. We believe life insurance should benefit you while you're alive - not just in death. She used that money to pay for her treatments. Save my name, email, and website in this browser for the next time I comment. Save my name, email, and website in this browser for the next time I comment. He began his career in the financial services at a time when he was . You get set up with a trainer, get a product and compliance education, and learning the turn key system. 155 Kapalulu Place, Honolulu, HI 96819 To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. Contact Information. 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. 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. As the leaders of our proprietary Living Benefits Crusade and tax free retirement, we want to share. 100, Brisbane, CA 94005. Because the Living Life IUL policies are far more expensive than National Life Groups non-Premier Financial Alliance policy alternatives, Premier Financial Alliance agents are unable to sell these Living Life IUL policies outside of the Premier Financial Alliance pyramid. 1300 Peachtree Industrial Blvd Ste 4210, Suwanee. This tax season with discounts on tax solutions that save you money, time and stress. Btw I also paid my friends $125 cause he didn't have it at the time. 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. }; I was recently invited to a company presentation my friend was telling me about that he's a part of. Premier Financial Alliance Compensation Plan. Premier Financial Alliance has some tips to keep you on the right track to make 2021 the best year yet! Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. theYear = theYear + 1900; 800-480-5005 Fax 402-423-5102, | For Agent/Broker Use Only | Copyright 2023 Premier Financial, Inc. | Powered by. Need Assistance? This, the lawsuit states, comes at the expense of selling insurance policies to retail customers. As far as I know it's a legit company. Plaintiffs Gonzales and Chen have opposed the motion, and a hearing to decide the matter has been scheduled for July 19th. What Is Premier Financial Alliance About? I joined with a few of my buddies who have been in the insurance industry for 20+ years and we LOVE it. The business model described in the lawsuit is that of your typical no retail MLM pyramid scheme. Did you borrow what you put in? Valley Strong Credit Union operates as a financial cooperative. Learn More . 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. document.write(theYear); Premier Financial Alliance Reviews a Checklist to Prepare Your Family for Unexpected Life Events, Premier Financial Alliance Compiles Easy Money Saving Tips for Young Professionals. Operating Status Active. Specifically, the complaint alleges that individuals earn commissions and financial rewards by recruiting . With the help of Premier Financial Alliance, you can begin to plan for these instances as soon as you are ready. JW's Rise to Success. Applications must be postmarked by March 1, 2023. I think people who have shit to say about mlm don't know shit because they dont work in the company. 61 reviews from Premier Financial Alliance employees about Premier Financial Alliance culture, salaries, benefits, work-life balance, management, job security, and more. The problem with most people now days, they want easy money while being lazy. this Insurance MLM they are stealing ppl money. I hope you enjoyed my Premier Financial Alliance review. 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. Copyright 1st client get 30% commission. 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. The company give 30% commision because the money not from them but come from the clients money. Having operated for some thirty years, as a result of PFAs business model the lawsuit alleges. Your submission has been received! The motion was denied January 22nd, 2019, prompting PFA to file a Motion for Reconsideration. Once they pay the $125 membership fee and buy the . I'm a stay-at-home mom always on the lookout for ways on how to make LEGITIMATE money online. 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. Now I lost $125. On the original 2018 pyramid scheme case docket, an administrative motion was filed on March 19th. Confirm Email *. Premier Financial Alliance may be a pyramid scheme. We provide all types of Insurance, Auto, Home, Renters, RV, Motorcycle, Health, Group read more. Money is just by product. My only regret is not wasting as much time trying to find the "problem,"but to have started earlier. 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. Switching over to the 2019 case, the motion to compel arbitration that stayed the 2018 case was filed by Premier Financial Alliance on May 28th. June 2018: A class-action lawsuit was filed against California-based company Premier Financial Alliance, along with its founder and several top promoters and National Life Group Insurance, for allegedly operating an illegal pyramid scheme. Another reason is that its challenging. On December 19th, PFAs Motion for Reconsideration was also denied. Worse, if its proven to be a fraud, your name might be dragged in it, too. While they are too focused on promoting the opportunity, they forgot about one of the most important things when talking about a business. But what if you could turn that idea into your reality? You get set up with a trainer, get a product and compliance education, and learning the turn key system. Premier Financial Alliance. Anyways, I don't see any evidence of why the company is bad but just opinions or lack of hard work. Headquarters Regions Greater Atlanta Area, East Coast, Southern US. Multi Location Business. 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. It's actually great. Founded in, 2021 headquarterlocation.com. So I have nothing bad to say about them. He didnt go in much detail other than to check out their product and give him an opinion on it. 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. Press J to jump to the feed. Apple, Google, Tesla get lawsuit everyday as the company get bigger. Lawsuit After Lawsuit Calling It A Pyramid Scheme. My parents got insurance through PFA. In 2008, we joined forces with National Life to distinguish ourselves in the insurance industry. I actually have heard of this company for 3 years now. What it does is that it grows funds to protect the policyholder from outliving their income. PFA is broker for Life Insurance Companies. PFA agents or the PFA don't make money on $125 fee. 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. If they are scam, both company will be shut down by government and insurance industry already. Btw I just join couple a week ago, after I made payment $ 125, money no refundnable. Product Type: Multi-Level Marketing Company, Price: $125 For The Membership Fee And Tools. tak(ing) money in return for the right to sell insurance policies, which are readily available on the market at a lesser price. 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. To plan for these instances as soon as you are ready not wasting as much trying!, RV, Motorcycle, Health, Group read more premier financial alliance needed to this... As soon as you are ready no retail MLM pyramid scheme model described in the insurance industry 20+! Good source of income agents or the PFA don & # x27 s... See any evidence of why the company get bigger a result of PFAs business model described in lawsuit. He did n't have it at the expense of selling insurance policies retail! 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