Premier Financial Alliance Pyramid Scheme Claims
In 2020, two class-action lawsuits filed against Premier Financial Alliance were consolidated to be heard together. More information on the consolidated case is below.
Case Name (Date)
In Re PFA Insurance Marketing Litigation
18-cv-3771, N.D. Cal.
(2018)
Product/Service
MLM-based life insurance sales
Allegations
Operating an illegal pyramid scheme that rewards participants for recruiting others to join rather than for product sales
Falsely claiming that participation will lead to financial success and a luxurious lifestyle when a vast majority of participants lose money
Status
Settled
(Final approval affirmed on appeal)
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2017-2021 Pyramid Scheme Class Actions
Pyramid scheme claims against MLM companies on the rise.