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	<title>Comments on: A Reader’s Question about Primerica Multi Level Marketing Business Model</title>
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		<title>By: Ex Primerica rvp</title>
		<link>http://www.thefinancialblogger.com/a-reader%e2%80%99s-question-about-primerica-multi-level-marketing-business-model/comment-page-5/#comment-18272</link>
		<dc:creator>Ex Primerica rvp</dc:creator>
		<pubDate>Wed, 25 May 2011 14:56:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.thefinancialblogger.com/?p=1102#comment-18272</guid>
		<description>I was 18 years with Primerica and made over 100k with Primerica. I can answer any questions about the Primerica system or the brokerage system. I left Primerica 1 year ago after finding out Primerica is not very competitive with life insurance. www.term4sale.com proves this. The consumer is better served by a broker. Life insurance is not the only insurance product that is important. Disabilty and critical illness insurance should be considered in a families financial plan. Primerica does not offer either. A convertable life policy is extreemly important. One that can convert to a term to 100 makes estate planning possible. Primericas policy is renewalable to age 95. Ask your Primerica agent how much your policy will be at ages 70, 80,90,95.  Primerica will tell you , that you will not need life insurance at age 65 or over. Ask someone who has cancer at age 65 if they are going to cancell their policy ?
As for Primericas ownership policy. How many reps have ownership...0% How many RVP&#039;s? Very few. As an RVP I was threatened by Primerica. They said hey would sue me for talking to past client or speaking about the company. In 1 year my do not compete clause expires. I hope this helps</description>
		<content:encoded><![CDATA[<p>I was 18 years with Primerica and made over 100k with Primerica. I can answer any questions about the Primerica system or the brokerage system. I left Primerica 1 year ago after finding out Primerica is not very competitive with life insurance. <a href="http://www.term4sale.com" rel="nofollow">http://www.term4sale.com</a> proves this. The consumer is better served by a broker. Life insurance is not the only insurance product that is important. Disabilty and critical illness insurance should be considered in a families financial plan. Primerica does not offer either. A convertable life policy is extreemly important. One that can convert to a term to 100 makes estate planning possible. Primericas policy is renewalable to age 95. Ask your Primerica agent how much your policy will be at ages 70, 80,90,95.  Primerica will tell you , that you will not need life insurance at age 65 or over. Ask someone who has cancer at age 65 if they are going to cancell their policy ?<br />
As for Primericas ownership policy. How many reps have ownership&#8230;0% How many RVP&#8217;s? Very few. As an RVP I was threatened by Primerica. They said hey would sue me for talking to past client or speaking about the company. In 1 year my do not compete clause expires. I hope this helps</p>
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		<title>By: the other term guy</title>
		<link>http://www.thefinancialblogger.com/a-reader%e2%80%99s-question-about-primerica-multi-level-marketing-business-model/comment-page-5/#comment-10023</link>
		<dc:creator>the other term guy</dc:creator>
		<pubDate>Wed, 21 Apr 2010 22:21:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.thefinancialblogger.com/?p=1102#comment-10023</guid>
		<description>Common Sense still waiting to find out what place you got your FACTS about the UK? You said All of my statements are factual and could be confirmed. The UK was a complete lie. I use generalizations because I did not know the exact number and did not want to LIE as you did about your FACTS that could be confirmed about the UK. All I know is when I drive down the road I see more used car lots empy than new ones. My eyes don&#039;t lie and you said How many Franchise dealers are out of business now? Thousands. Many more than Used car ones, that’s is for sure. Because you said that it was thousands so how many was it. If you did your research you would not use general terms. Oh wait you did use a general one didn&#039;t you. Crazy how a child tries to be an adult and say one thing and not realize he is doing the same thing he is saying we are doing. I never said mine was fact I said I would be surprised if it was less and you said yours was fact. I think Common Sense has none or is to ignorant to realize he did the same as me HMMMMM. Stange how it is ok for him but not for me. Please mr Common Sense get me exact numbers on the car lot and give me your sources. By the way I did my research and have some numbers on the two and you are backwards with your numbers. After you get your numbers and give me your source I will give you mine. I will give you a hint I used GM, Ford and Toyota corporate info from the NASD and did a local business check for dealers that did not renew lice. I think those will give you some good numbers. Go get em tiger</description>
		<content:encoded><![CDATA[<p>Common Sense still waiting to find out what place you got your FACTS about the UK? You said All of my statements are factual and could be confirmed. The UK was a complete lie. I use generalizations because I did not know the exact number and did not want to LIE as you did about your FACTS that could be confirmed about the UK. All I know is when I drive down the road I see more used car lots empy than new ones. My eyes don&#8217;t lie and you said How many Franchise dealers are out of business now? Thousands. Many more than Used car ones, that’s is for sure. Because you said that it was thousands so how many was it. If you did your research you would not use general terms. Oh wait you did use a general one didn&#8217;t you. Crazy how a child tries to be an adult and say one thing and not realize he is doing the same thing he is saying we are doing. I never said mine was fact I said I would be surprised if it was less and you said yours was fact. I think Common Sense has none or is to ignorant to realize he did the same as me HMMMMM. Stange how it is ok for him but not for me. Please mr Common Sense get me exact numbers on the car lot and give me your sources. By the way I did my research and have some numbers on the two and you are backwards with your numbers. After you get your numbers and give me your source I will give you mine. I will give you a hint I used GM, Ford and Toyota corporate info from the NASD and did a local business check for dealers that did not renew lice. I think those will give you some good numbers. Go get em tiger</p>
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		<title>By: the other term guy</title>
		<link>http://www.thefinancialblogger.com/a-reader%e2%80%99s-question-about-primerica-multi-level-marketing-business-model/comment-page-5/#comment-9873</link>
		<dc:creator>the other term guy</dc:creator>
		<pubDate>Mon, 12 Apr 2010 17:56:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.thefinancialblogger.com/?p=1102#comment-9873</guid>
		<description>By the way we do get passive income on the book we just can&#039;t sell that part by itself. We do sell it as part of our business so that is part of the value but not all. The value of ours is based on what book we have and the potential future earnings and the size of our team. 

This is the exact number of MLM&#039;s in the financial industry that have closed the doors 1. The one in the UK and many of them came to America and kept the same contracts they had in the UK. As far as the bailout being the reason for the UK closing that is not true. It closed down years ago way before the bail out. By the way you said you do your research and what you say if based on fact. HMMM how close did you research that part? How many other facts of yours are researched in such a way. How do I know that the did come to America? Do I just believe what I hear? No I actually know many of them and some are RVP&#039;s and many come over after only being in the company for a few months. We sponsored them and paid them for the PFS business they lost in the UK.</description>
		<content:encoded><![CDATA[<p>By the way we do get passive income on the book we just can&#8217;t sell that part by itself. We do sell it as part of our business so that is part of the value but not all. The value of ours is based on what book we have and the potential future earnings and the size of our team. </p>
<p>This is the exact number of MLM&#8217;s in the financial industry that have closed the doors 1. The one in the UK and many of them came to America and kept the same contracts they had in the UK. As far as the bailout being the reason for the UK closing that is not true. It closed down years ago way before the bail out. By the way you said you do your research and what you say if based on fact. HMMM how close did you research that part? How many other facts of yours are researched in such a way. How do I know that the did come to America? Do I just believe what I hear? No I actually know many of them and some are RVP&#8217;s and many come over after only being in the company for a few months. We sponsored them and paid them for the PFS business they lost in the UK.</p>
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		<title>By: Common Sense</title>
		<link>http://www.thefinancialblogger.com/a-reader%e2%80%99s-question-about-primerica-multi-level-marketing-business-model/comment-page-5/#comment-9867</link>
		<dc:creator>Common Sense</dc:creator>
		<pubDate>Mon, 12 Apr 2010 03:07:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.thefinancialblogger.com/?p=1102#comment-9867</guid>
		<description>corrections:

you, back, and point.</description>
		<content:encoded><![CDATA[<p>corrections:</p>
<p>you, back, and point.</p>
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		<title>By: Common Sense</title>
		<link>http://www.thefinancialblogger.com/a-reader%e2%80%99s-question-about-primerica-multi-level-marketing-business-model/comment-page-5/#comment-9866</link>
		<dc:creator>Common Sense</dc:creator>
		<pubDate>Mon, 12 Apr 2010 03:05:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.thefinancialblogger.com/?p=1102#comment-9866</guid>
		<description>Other Term guy...

Quote &quot;Scary that the independants are going away more than the franchise&quot;

That is simply not true, Where do you get your stats from?
Please tell me?

Quote:

&quot;How many GA’s closed down in the last 30 years? How many MLM financial companies shut down. Let’s see PFS still going strong and building&quot;

Are you serious? How many PFS agent quit in the last 30 years? What is the % of the ones that make?

Quote:

&quot;How many MLM financial companies shut down&quot; Do you know?
I&#039;ll take it a step further do you know how many GAs closed?

Since you don&#039;t know either answer, is best not to ask such a question or make such a statement.

Quote:

&quot;By the way notice many of those used car lots are now empty now&quot;

How many Franchise dealers are out of business now? Thousands. Many more than Used car ones, that&#039;s is for sure.

Quote:

&quot;Ok go do your research and you will be shocked it will be about 50 to 1 or way way higher with the MLM shut down on the better side&quot;

Why don&#039;t you tell me where you did yours, so I could educate myself?

Quote:

&quot;By the way PFS was in the UK and because of Citi we did shut it down&quot;

Correction, because of the bail out and the Feds. Since the Feds now own about 50% of Citi.

Quote:

&quot;If you owned your book of business instead how much would you get? We were in the uk for less that 10 years and how big a book would you have built and what about could you get for that book?&quot;

retarded question. It  would be based on speculation. Assuming something that never happen as it did.

Most of your statements are not factual and you have no data to back them up. Why do you do such things.

I have noticed that most of ypu PFS guys use wild statements to express thier points, but have nothing to bak them up.

All of my statements are factual and could be confirmed.

I will go ahead and stop answering you, since is like talking to my smallest child. It&#039;s like teaching a 5 year old Algebra. It is simply beyond you at this oint and time.</description>
		<content:encoded><![CDATA[<p>Other Term guy&#8230;</p>
<p>Quote &#8220;Scary that the independants are going away more than the franchise&#8221;</p>
<p>That is simply not true, Where do you get your stats from?<br />
Please tell me?</p>
<p>Quote:</p>
<p>&#8220;How many GA’s closed down in the last 30 years? How many MLM financial companies shut down. Let’s see PFS still going strong and building&#8221;</p>
<p>Are you serious? How many PFS agent quit in the last 30 years? What is the % of the ones that make?</p>
<p>Quote:</p>
<p>&#8220;How many MLM financial companies shut down&#8221; Do you know?<br />
I&#8217;ll take it a step further do you know how many GAs closed?</p>
<p>Since you don&#8217;t know either answer, is best not to ask such a question or make such a statement.</p>
<p>Quote:</p>
<p>&#8220;By the way notice many of those used car lots are now empty now&#8221;</p>
<p>How many Franchise dealers are out of business now? Thousands. Many more than Used car ones, that&#8217;s is for sure.</p>
<p>Quote:</p>
<p>&#8220;Ok go do your research and you will be shocked it will be about 50 to 1 or way way higher with the MLM shut down on the better side&#8221;</p>
<p>Why don&#8217;t you tell me where you did yours, so I could educate myself?</p>
<p>Quote:</p>
<p>&#8220;By the way PFS was in the UK and because of Citi we did shut it down&#8221;</p>
<p>Correction, because of the bail out and the Feds. Since the Feds now own about 50% of Citi.</p>
<p>Quote:</p>
<p>&#8220;If you owned your book of business instead how much would you get? We were in the uk for less that 10 years and how big a book would you have built and what about could you get for that book?&#8221;</p>
<p>retarded question. It  would be based on speculation. Assuming something that never happen as it did.</p>
<p>Most of your statements are not factual and you have no data to back them up. Why do you do such things.</p>
<p>I have noticed that most of ypu PFS guys use wild statements to express thier points, but have nothing to bak them up.</p>
<p>All of my statements are factual and could be confirmed.</p>
<p>I will go ahead and stop answering you, since is like talking to my smallest child. It&#8217;s like teaching a 5 year old Algebra. It is simply beyond you at this oint and time.</p>
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		<title>By: Common Sense</title>
		<link>http://www.thefinancialblogger.com/a-reader%e2%80%99s-question-about-primerica-multi-level-marketing-business-model/comment-page-5/#comment-9865</link>
		<dc:creator>Common Sense</dc:creator>
		<pubDate>Mon, 12 Apr 2010 02:47:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.thefinancialblogger.com/?p=1102#comment-9865</guid>
		<description>The other Term guy....

A BOOK OF BUSINESS is more valuable than a Hierarchy.

Let&#039;s assume a resgistered rep has $30Mil under management.
That would yiled $300K(1%) per year or $450K(1.5%).

That is true passive income, not your MLM structure. How much would it sell? It depends on the buyer.(Open Market)

It is like selling a rare painting in an Action House. You never really know it&#039;s true value. But the trails are measurable.

The question is why would anyone sell it?

Now your hierachy has to be sold to someone in PFS, not in the open Market, and the conditions have to be aproved by PFS. It is a recipe for disaster.

You are owned by PFS, just the fact that you don&#039;t have a book of business is insane. All those years of work and nothing to show for.

As far as your quotes, I want it to be thorough. What about without child riders? A single man or a single woman?

I split mine in independents, not coupled. Do the same!!!

I assume your lack of cooperatin as defeat.</description>
		<content:encoded><![CDATA[<p>The other Term guy&#8230;.</p>
<p>A BOOK OF BUSINESS is more valuable than a Hierarchy.</p>
<p>Let&#8217;s assume a resgistered rep has $30Mil under management.<br />
That would yiled $300K(1%) per year or $450K(1.5%).</p>
<p>That is true passive income, not your MLM structure. How much would it sell? It depends on the buyer.(Open Market)</p>
<p>It is like selling a rare painting in an Action House. You never really know it&#8217;s true value. But the trails are measurable.</p>
<p>The question is why would anyone sell it?</p>
<p>Now your hierachy has to be sold to someone in PFS, not in the open Market, and the conditions have to be aproved by PFS. It is a recipe for disaster.</p>
<p>You are owned by PFS, just the fact that you don&#8217;t have a book of business is insane. All those years of work and nothing to show for.</p>
<p>As far as your quotes, I want it to be thorough. What about without child riders? A single man or a single woman?</p>
<p>I split mine in independents, not coupled. Do the same!!!</p>
<p>I assume your lack of cooperatin as defeat.</p>
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		<title>By: the other term guy</title>
		<link>http://www.thefinancialblogger.com/a-reader%e2%80%99s-question-about-primerica-multi-level-marketing-business-model/comment-page-5/#comment-9864</link>
		<dc:creator>the other term guy</dc:creator>
		<pubDate>Mon, 12 Apr 2010 01:29:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.thefinancialblogger.com/?p=1102#comment-9864</guid>
		<description>i gave the quotes do some simple math. If I said it is 10 more than the 120 you gave than that would be 130. The same would be for subtraction if I said lower by 8 then take 8 from 120 and that would be HMMMM oh let me get my calculator 112. It is not that hard. If you want give my your address and I will send a calculator. It was mentioned by someone about wall street and my story and I was assuming that they were talking about the stock the company was giving our RVP&#039;s. Well just to set the record straight the 7% of the stock that is being help for the sales force (RVP&#039;s) is in all the paperwork that was in the initial filling of the IPO so the whole world did know about it. 

As for the wise men never argue with fools and  you think we are fools does that make you unwise?

Did not miss the point I think you missed mine. Read my last post that does look like we own somemthing. By the way as we speak the contest for the shares in the company is underway and if the contest ended today they wouuld give me 12,600 shares. Get that calculator our again. 12,600 X 23.34 (the stock price at close) now lets see if you company is doing anything close to that. That sounds like almost 300K WHAT OWNERSHIP! Please someone answer how much you can sell you book for? No spin please. I did ask this 3 times so far still no answer and I wounder why. Could it be because it is less that what we get for selling our business to another RVP HMMM?</description>
		<content:encoded><![CDATA[<p>i gave the quotes do some simple math. If I said it is 10 more than the 120 you gave than that would be 130. The same would be for subtraction if I said lower by 8 then take 8 from 120 and that would be HMMMM oh let me get my calculator 112. It is not that hard. If you want give my your address and I will send a calculator. It was mentioned by someone about wall street and my story and I was assuming that they were talking about the stock the company was giving our RVP&#8217;s. Well just to set the record straight the 7% of the stock that is being help for the sales force (RVP&#8217;s) is in all the paperwork that was in the initial filling of the IPO so the whole world did know about it. </p>
<p>As for the wise men never argue with fools and  you think we are fools does that make you unwise?</p>
<p>Did not miss the point I think you missed mine. Read my last post that does look like we own somemthing. By the way as we speak the contest for the shares in the company is underway and if the contest ended today they wouuld give me 12,600 shares. Get that calculator our again. 12,600 X 23.34 (the stock price at close) now lets see if you company is doing anything close to that. That sounds like almost 300K WHAT OWNERSHIP! Please someone answer how much you can sell you book for? No spin please. I did ask this 3 times so far still no answer and I wounder why. Could it be because it is less that what we get for selling our business to another RVP HMMM?</p>
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		<title>By: Common Sense</title>
		<link>http://www.thefinancialblogger.com/a-reader%e2%80%99s-question-about-primerica-multi-level-marketing-business-model/comment-page-5/#comment-9857</link>
		<dc:creator>Common Sense</dc:creator>
		<pubDate>Sat, 10 Apr 2010 19:12:41 +0000</pubDate>
		<guid isPermaLink="false">http://www.thefinancialblogger.com/?p=1102#comment-9857</guid>
		<description>Other Term guy...

You missed the whole point of the analogy, all of you pfs guys are the same.</description>
		<content:encoded><![CDATA[<p>Other Term guy&#8230;</p>
<p>You missed the whole point of the analogy, all of you pfs guys are the same.</p>
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		<title>By: Common Sense</title>
		<link>http://www.thefinancialblogger.com/a-reader%e2%80%99s-question-about-primerica-multi-level-marketing-business-model/comment-page-5/#comment-9856</link>
		<dc:creator>Common Sense</dc:creator>
		<pubDate>Sat, 10 Apr 2010 19:11:56 +0000</pubDate>
		<guid isPermaLink="false">http://www.thefinancialblogger.com/?p=1102#comment-9856</guid>
		<description>The other Term Guy...

I would take your arguement seriously, but I know where you work.

I&#039;ll quote CW: &quot;Wise men never argue with fools&quot;

Stop your spin, please it is ridiculous.

I&#039;ll also quote AT: &quot;getting pimped&quot;  PFS is the pimp and you are the madam. Now go service some clients.

You have not voice here, I am still waiting for your quotes and not the silly excuse you gave me.</description>
		<content:encoded><![CDATA[<p>The other Term Guy&#8230;</p>
<p>I would take your arguement seriously, but I know where you work.</p>
<p>I&#8217;ll quote CW: &#8220;Wise men never argue with fools&#8221;</p>
<p>Stop your spin, please it is ridiculous.</p>
<p>I&#8217;ll also quote AT: &#8220;getting pimped&#8221;  PFS is the pimp and you are the madam. Now go service some clients.</p>
<p>You have not voice here, I am still waiting for your quotes and not the silly excuse you gave me.</p>
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		<title>By: the other term guy</title>
		<link>http://www.thefinancialblogger.com/a-reader%e2%80%99s-question-about-primerica-multi-level-marketing-business-model/comment-page-5/#comment-9855</link>
		<dc:creator>the other term guy</dc:creator>
		<pubDate>Sat, 10 Apr 2010 17:03:58 +0000</pubDate>
		<guid isPermaLink="false">http://www.thefinancialblogger.com/?p=1102#comment-9855</guid>
		<description>If you want to use the used car VS. new car dealer that is great. What is the income for the average full time independant used car dealer vs. the income of the average full time franchise new dealer? Now If you have the car franchise for lets say 10 years and they pulled it out from you. How much money would you have made vs the average used car dealer in the same period? You would have made more with the franchise and enough to go buy a few of the used car lots. By the way notice many of those used car lots are now empty now? How many of the used car guys are gone vs the new car franchise being shut down.  I know now you will say that is not fair but I am simply using what you used. Scary that the independants are going away more than the franchise. How many GA&#039;s closed down in the last 30 years? How many MLM financial companies shut down. Let&#039;s see PFS still going strong and building, HBW still going strong and building. Now you will say but what about all MLM. Ok go do  your research and you will be shocked it will be about 50 to 1 or way way higher with the MLM shut down on the better side. If you want to  compare do your research first or you will have to swallow. Sorry just making a referance to what you said about the kool-aid and putting a little humor in it. By the way PFS was in the UK and because of Citi we did shut it down (we are free of citi now so that won&#039;t happen again). Let&#039;s take a look at what happened in the UK. Primerica steped up and did best they could after the Citi desision. They gave ALL reps 3 times they income they had for the last year. So lets say you made 100K PFS gave you 300K. If you owned your book of business instead how much would you get? We were in the uk for less that 10 years and how big a book would you have built and what about could you get for that book? Some were makeing over 1 million and the company wrote a check for over 3 million. As for the person listed above that Primerica said it is us or you dad&#039;s business the biggest issue was he did not tell Primerica so they could make sure it was not a conflict. It is in your contract that you have to disclose you outside business activity and my fried who is a RVP like me has a wife that owns a salon and he helps her  build that business and PFS said not problem becuase he disclosed it like he is legally supposed to. Sounds like the guy helping build his dad&#039;s business simply broke the contract and the law. A simple disclosure  could have fixed that. If you don&#039;t disclose and play by the rules they will not know what else you are not truthfull about. It made sense for PFS to can him.</description>
		<content:encoded><![CDATA[<p>If you want to use the used car VS. new car dealer that is great. What is the income for the average full time independant used car dealer vs. the income of the average full time franchise new dealer? Now If you have the car franchise for lets say 10 years and they pulled it out from you. How much money would you have made vs the average used car dealer in the same period? You would have made more with the franchise and enough to go buy a few of the used car lots. By the way notice many of those used car lots are now empty now? How many of the used car guys are gone vs the new car franchise being shut down.  I know now you will say that is not fair but I am simply using what you used. Scary that the independants are going away more than the franchise. How many GA&#8217;s closed down in the last 30 years? How many MLM financial companies shut down. Let&#8217;s see PFS still going strong and building, HBW still going strong and building. Now you will say but what about all MLM. Ok go do  your research and you will be shocked it will be about 50 to 1 or way way higher with the MLM shut down on the better side. If you want to  compare do your research first or you will have to swallow. Sorry just making a referance to what you said about the kool-aid and putting a little humor in it. By the way PFS was in the UK and because of Citi we did shut it down (we are free of citi now so that won&#8217;t happen again). Let&#8217;s take a look at what happened in the UK. Primerica steped up and did best they could after the Citi desision. They gave ALL reps 3 times they income they had for the last year. So lets say you made 100K PFS gave you 300K. If you owned your book of business instead how much would you get? We were in the uk for less that 10 years and how big a book would you have built and what about could you get for that book? Some were makeing over 1 million and the company wrote a check for over 3 million. As for the person listed above that Primerica said it is us or you dad&#8217;s business the biggest issue was he did not tell Primerica so they could make sure it was not a conflict. It is in your contract that you have to disclose you outside business activity and my fried who is a RVP like me has a wife that owns a salon and he helps her  build that business and PFS said not problem becuase he disclosed it like he is legally supposed to. Sounds like the guy helping build his dad&#8217;s business simply broke the contract and the law. A simple disclosure  could have fixed that. If you don&#8217;t disclose and play by the rules they will not know what else you are not truthfull about. It made sense for PFS to can him.</p>
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