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  • Report:  #139009

Complaint Review: Primerica

Primerica The bigger they are... Duluth Georgia

*UPDATE: Primerica offers a good business opportunity & stands behind its products & services- - Company Executives have told Rip-Off Report that Primerica pledges to resolve complaints & address any inquires from the past, present & in the future.

  • Reported By:
    — North Brunswick New Jersey
  • Submitted:
    Sat, April 16, 2005
  • Updated:
    Sat, April 16, 2005

From time to time trolls like to point out that Primerica is part of Citigroup. A few posters have added that there is a connection between Citigroup and Enron.

After some more research I have found a website explicitly giving that connection. So as a service to Ripoff's visitors I'm quoting a passage from it. The link is: (see link below)

The excerpt is:
"Enron, and Parmalat

Citigroup was also accused of helping Enron and other companies hide their losses by loaning money to those companies in a special way that would reduce liabilities visible on the balance sheet. In May 2004 the company agreed to pay $2.65 billion, or $1.64 billion after tax, to settle a class action lawsuit brought on behalf of purchasers of WorldCom securities."

Stuart
North Brunswick, New Jersey
U.S.A.

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