Posted by eric on March 09, 2004 at 16:39:02:
In my previous posts, regarding deceptive practices in Primerica, Enrique was upset at my using the term LIE when referring to his statements.
I will concede that I do not know if he knew his statements were false before he made them. He probably didn't. Herein lies the problem with Primerica. They hire 100k each year, and 100k leave each year. They do this by hiring anyone, regardless of experience, education, or even common sense. This has been proven, here on this forum, by the statements of Enrique.
He made FALSE STATEMENTS regarding the following:
-Primerica not being an MLM.
-Merill Lynch not going after clients under 200k.
-Primerica and the 9/11 death pay outs.
He made all of these statements as fact.
These statements have been proven false, or not proven true. Did Enrique bother, as a Financial Services Professional, to verify his statements on a public forum? No. We have chastised him for his lack of verifying anything he says.
Did he intentionally lie? Maybe not. Did he learn his lesson? Absolutely not. Example:
Here is his post on another forum, after his posts here, defending a higher rate mortgage from Primerica:
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"If a bank is willing to lend you, say, $100,000 for 20 years at 5%, they would naturally be willing to lend it to you for 40 years at (for example) 3%. Why? Because even though the rate is cheaper, the bank still makes more money, in the long term, on the 40 year loan. How? Total Interest Paid.
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How can anyone with half a brain say this kind of crap?
Lower interest the longer the loan???????
It is this kind of ignorance that should scare anyone away from a Primerica rep. Enrique states all of this as truth. As a "financial services professional" who has a fiduciary responsibility to his clients, I would be embarrased to have made a statement like that. He obviously did not learn his lesson. He said he didnt lie, because he didnt know the truth. What will it take for you to do a little due diligence on your claims and statements? Perhaps the total loss of credibility on a forum such as this will motivate you to do so? I sure hope it does....for the sake of your clients and recruits.
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