Posted by jax (66.25.36.240) on April 11, 2003 at 18:21:21:
In Reply to: Re: Re: To Whom It May Concern posted by Ken Young on April 11, 2003 at 17:20:10:
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Ken and posters:
“Hi Ken!
I've been approached by a Primerica rep recently. I believe that they claimed that Citigroup was now around 1.2 Trillion in assets (after the Mexican bank purchase). I haven't had time to read through your board yet. This is the first message I've read so far. I've got a couple questions I hope you could answer for me though, to help me decided whether they are real or not:
- If Citigroup and its members are regulated by a number of commissions, how can they get away with lying about figures w/o the federal government going after them big time?
- It sounded to me that Primerica was organized like a brokerage - very close to the Real Estate industry and the Securities industry, but offers overrides at a much lower level. Is it this structure that makes it a pyramid, or is there something I'm missing?
- Just for personal reasons, I'm wondering why you are so upset about Citigroup and their companies. You don't have to answer this one, of course. I'm just curious if it was something personal or if you have access to some specific government info or something...
Thanks for your time!
Edward”
Young responded with this:
“The information is correct according to what has become the most reliable source of information communicated to the public.
I don't care for the false, misleading and deceptive business practices that the organization uses to induce the public to engage in a business relationship with the company. Yes, the company has been under attack by the Feds for laundering money for the Russian Mafia which by the way is a first of such charges in the industry, the State Regulators for misleading the public, and the legal community representing the company's victims on a national basis plus thousands of individual lawsuits filed by the companies victims.
Al Capone got away with it for a dozen years or so, but you know what happened to him don't you?
Now if you would like to share your experiences with our viewers of how they ripped you off too, as our header guidelines state, you are welocm to post. Any further display of speading your Primerica propaganda to our message board will be deleted and your compuater's IP address will be sent out into cyberspace. Now is there anything about that statement you don't understand?
Please govern yourself accordingly.”
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