Complaint Review: PMC Direct Insurance PMC Wealth Management PMC Bancorp

I worked for this company from January 2009 to July 2009.

This company is a total scam. You will not make any money. After working for them for seven months & making Producer of the Month in March 2009, & always being among the top 5 producers every month, I made no money. I actually OWE them $ 5000 & I owe American General $ 954.00 due to an accounting error on PMC's part. I was given a draw of $500 per week for 8 weeks for being a top producer, & my commission structure was changed from 50% to 30% [ 20% to be deducted towards my draw] In June 2009, John Kim, the managing director began to remove my name from all my applications, replaced it with his own & began claiming 100% of the commission, which is illegal.

When I complained he terminated my appointment on July 20th, 2009. I will be taking up this matter with the Dept of Insurance & the Labor Board.

When I started with PMC in their Irvine branch Jan 2009 we had close to 40 agents & 3 managers. Today they have only 3 agents, who are desperately looking for another job. I have seen almost 60 agents come & go in the 6 months it has been my misfortune to work for these con men.

It will cost you $416 to get started with PMC, & $60 per month to use the software, a fact conveniently forget to mention in the interview.

They will make you work 60 to 80 hours a week, & in the end all you will have to show for it will be a debt of several thousand dollars.

Al
Irvine, California
U.S.A.