Subject: Re: Re: Re: A.L. Williams Article

Comments:
: Mr. Young: : (1) Art has never been arrested much less spent a day in jail. : (2) The name is Randy Stelth. He started a company called AmeriShare which was headquartered in Jacksonville, Fl. The company went bankrupt in the early 90's. : (3) Stelth had been an NSD for ALW's in the 80's. He was allegedly caught writing bad business for ALW and pocketing the commissions. He was publicly fired on an ALW weekly TV broadcast and was supposedly humiliated. He went on to form his own company (Amerishare) and started raiding ALW's field force. Many of these agents left ALW's with large debt balances. Art retaliated by having a small group join Amerishare and return the favor. It was eventually exposed and the U.S. District Attorney conducted an inquiry. Sandy Weill had already purchased American Can by this time and renamed it Primerica Corp. Art had also already sold ALW's to the parent corporation before this happened as well. : (4) There was never an argument over Randy wanting a bigger slice of the pie. The argument was over Randy's quality of business and the public manner in which he was fired. : (5) Art went after Randy not because A/S was doing good (they went out of business very quickly) but because of the large debt balances left behind and the non-competes were being violated. : (6)Randy reported Art and the Feds began their investigation. Meanwhile, Art stepped down pending the results of the investigation. : (7) In 1993 the U.S. District attorney dropped the case entirely with no charges ever brought. Ken is wrong when he says there was a plea deal. There was no plea deal ever done. Art never agreed to stay out of the business for life. The proof which most who follow the company are aware of is that Art was brought back into the company at the 1994 Atlanta convention. He joined Pete Dawkins (who had replaced him) and they explained what his new role would be. He would be traveling the country hosting mini-conventions in different geographical locations. He would be working directly with the field force. He remained in this post for about a year before leaving for good. : (8) Most believe that the charges were not pursued because both sides would have been proven to be at fault. : (9) Art never pursued any other work in this industry because his stake in ALW/American Can/Primerica Corp./TravelersGroup/Citigroup made him a billionaire. To this day he has a major stake in the the company. : (10) Mr. Young is probably right when he says Art probably didn't like him personally. But professionally Mr. Young probably had the single greatest impact on the success of Art's company. For a 75K payment ALW's was given the largest national exposure they had ever had. Art once said it would have taken a multimillion dollar advertising campaign to accomplish what that small 75k accomplished. I've heard it said that they offered such a low amount because it would seem like a windfall to an average insurance agent and would quickly be accepted. The resulting publicity catipulted Art Williams to billionaire status. : : : :

Please enter the characters in the image above.