Infiltrating A Pyramid Scheme: Primerica
- Thread starter canada-man
- Start date
Years ago someone I vaguely knew gave me the Primerica spiel. I didn't fall for it. It also helped that I had read about John D. MacArthur previously so I was aware of the insurance recruiting pyramid structure.
Don't tell anybody.
Many years ago I was assigned to do some work on a client of our company. The client is/was an insurance agency and was owned by 4-5 partners one of whom was female (biological female not tran female). I was personally interested in a product called a "deferred annuity".
Long story short. I got quite chummy with the female partner. So, one day I asked her if she could rebate the commission to me if I purchased a deferred annuity. Not surprisingly, she said "of course". The commission was 10% of the principal value of the deferred annuity. Given the passage of time I don't remember exactly but I think she had to make me a sub-agent so it was all above board.
Many years ago I was assigned to do some work on a client of our company. The client is/was an insurance agency and was owned by 4-5 partners one of whom was female (biological female not tran female). I was personally interested in a product called a "deferred annuity".
Long story short. I got quite chummy with the female partner. So, one day I asked her if she could rebate the commission to me if I purchased a deferred annuity. Not surprisingly, she said "of course". The commission was 10% of the principal value of the deferred annuity. Given the passage of time I don't remember exactly but I think she had to make me a sub-agent so it was all above board.
I got approached in a 711 around 8 in the morning for Primerica. I gathered their screening process was based on setting the bar low. A guy I worked with, from a 3rd world country, tried to get me signed up on WFG (world financial group) Same shit. Get 30 new recruits a month. Your mother, brother, workmates, people on the bus, on the street, in a coffee shop and on and on.
The Sweatshop Of Wall Street is a short documentary about the world of direct sales in New York City. The piece follows Phil and Zao, two young salespeople who made as little as $0.50 an hour hawking cellphone contracts to passersby in Brooklyn, New York. From a misleading Craigslist ad, to minuscule wages and questionable workplace routines, the documentary aims to expose the strange world of direct sales and marketing, and shed light on employment practices one has to see to believe.
DS-MAX, Smart Circle, Cydcor, Innovage, Granton, Quantum, The Landers Group, Cobra Group, PerDM, Credico, Appco Group, Optimo International, Socio Max, etc., are the exact same company. They all have the same system, run the same scam, and are owned by the same people. They all have a “management training program”, incorporate their managers in order to avoid lawsuits, post misleading advertisements on career websites, and lie and cheat like it’s going out of style. Having all these names is the only way to keep their racket alive because it makes it harder for people to find out who they’re working for.
Background
From the origins of DS-Max up to the business model used by its descendant companies today. History W.M. Industries Inc. (WMI) Wholesale Warehouse Industries (WWI) DS-Max (Direct Sales to the Maxim…
doortodoortruth.wordpress.com
"The Sweatshop Of Wall Street", my first thought was that it is about the boiler-rooms.
Boiler Room Operation: What It Is and How It Works (investopedia.com)
Boiler Room Operation: What It Is and How It Works (investopedia.com)
Years ago, a middle school classmate contacted me In high school, I thought what does he want?, we were just acquaintances. He wanted me to join AmWay, gave a whole Schpiel about making easy cash. I flat out aid no, it sounded too good to be true.
I believe Gordon Howe was involved with AmWay
I believe Gordon Howe was involved with AmWay
Several years ago when I was 18 I went to a prime primemerica interview. First thing they did was have us gather in a large room to do like a Ted talk.
Before the speaker started, they made public notice to give a round of applause for a guy showing up a second time. They rewarded him with a shirt and a fucking candy bar. it was a wonder bar... not even an o Henry.
Then they gave us the talk showing us how much money we can make. I was young but knew everything said was compete hogwash. I didn't care but still wanted any cash. After the nonesense video and speech we were split into different rooms.
I was "interviewed" by some a beautiful crook who tried to make it seem authentic but it was purely theatre. She was "impressed"and hired me. I was introduced to another hiree who just said hello to me and that was it. I.was given a form that requested a $250 deposit (oh hell no) and a paper wanting me to fill out a list of names and numbers of anyone I knew.
I waited for the snacks and then left. The timbits were stale and poorly assorted ...
At the bus stop. The guy who was applauded asked me if I'll come again... he was in his mid 30s..I told him This place is a scam, but he thought I was being ignorant.
I noticed a lot.of the people were immigrants new to the country and young kids. I.felt.bad for them because they probably had no idea. I'm sure others caught on as well but...
Before the speaker started, they made public notice to give a round of applause for a guy showing up a second time. They rewarded him with a shirt and a fucking candy bar. it was a wonder bar... not even an o Henry.
Then they gave us the talk showing us how much money we can make. I was young but knew everything said was compete hogwash. I didn't care but still wanted any cash. After the nonesense video and speech we were split into different rooms.
I was "interviewed" by some a beautiful crook who tried to make it seem authentic but it was purely theatre. She was "impressed"and hired me. I was introduced to another hiree who just said hello to me and that was it. I.was given a form that requested a $250 deposit (oh hell no) and a paper wanting me to fill out a list of names and numbers of anyone I knew.
I waited for the snacks and then left. The timbits were stale and poorly assorted ...
At the bus stop. The guy who was applauded asked me if I'll come again... he was in his mid 30s..I told him This place is a scam, but he thought I was being ignorant.
I noticed a lot.of the people were immigrants new to the country and young kids. I.felt.bad for them because they probably had no idea. I'm sure others caught on as well but...
"I noticed a lot.of the people were immigrants new to the country"
Be careful when you speak of immigrants. Some people here get offended very much very quickly.
The pyramid scheme is just as bad as going to the "special meeting" at the all-inclusive resort. It's the "real deal", the "obvious choice" and all other bs.
Pyramids = money goes up + bs goes down
Never buy someone else's problem.
