Re: AEGON/WMA/WRL

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Posted by Mark (65.57.47.122) on March 06, 2001 at 15:30:17:

In Reply to: AEGON/WMA/WRL posted by MARY on February 25, 2001 at 17:05:02:

Mary:

I will simply toss in a standard response I post to shill Internet messages claiming that the WMA(aka WFG) must be honest since AEGON has bought a portion of the company's "assets." Presumably these individuals are equally impressed by Miss Cleo's public Tarot readings on commercial TV.

Question posed by WFG/WMA Crooks and Brainwashed
Multi-Level-Marketing Cult Zombies

(1) Why would a company like AEGON have anything to do with the WFG(Alias the WMA) if WFG(WMA) is a crooked company?

(a) WFG/WMA’s fraudulent and deceptive sales practices account for the majority of WRL’s Variable Universal Life(VUL) insurance-policy sales. Despite even the massive writing and cancellation of fraudulent WRL VUL policies during WMA employee-promotion drives, the professional-blind-man WRL Compliance Departments, WRL Actuarial Departments, and WRL Accounting Departments and WRL Corporate Management still prefer to withhold this evidence from government regulators and law-enforcement officials due to the lucrative nature of the business arrangement

(b) WFG/WMA and WRL/AEGON routinely employ deceptive sales practices and fraud as indicated by the class-action suit filed in Georgia against all with respect to the sale of an utterly and obviously unsuitable pickpocket fee-laden variable-annuity insurance policy(http://www.whafh.com/cases/wma.htm)

(c) WRL-AEGON normally employs deceptive insurance-sales practices as indicated by a class-action lawsuit filed in Florida on June 30th 2000(http://www.findarticles.com/m4PRN/2000_June_30/63065887/p1/article.jhtml)

(d) WRL-AEGON normally practices deceptive insurance-sales practices as indicated by a class-action lawsuit filed against AEGON and its subsidiaries in New York on June 8th 2000(http://www.insure.com/life/annuity/prudentialaegon600.html)

(e) AEGON and its J.C. Penny subsidiary are being sued for defrauding millions of elderly customers by charging insurance policies to their credit cards in a telemarketing scam(http://pages.about.com/srule/InsideTelemarketing/id13.html)

(f) AEGON USA and subsidiaries were named in a class action suit petition for:
“The crux of the Plaintiffs' complaint is that AEGON and its subsidiaries fraudulently marketed and sold the life insurance policies by misrepresenting the policies as "retirement plans," "savings plans," or other "investment" vehicles. The Plaintiffs move to certify a class of similarly situated individuals who purchased policies from AEGON and its subsidiaries with the belief that they were actually purchasing retirement, pension, investment, savings, or college funding plans or programs, between January 1, 1985 and December 31, 1996.”
“The five named Plaintiffs in this case allege that they were victims of a "systematic scheme of marketing fraud" formulated by AEGON and its subsidiaries to surreptitiously sell life insurance policies.(2) The Plaintiffs maintain that the "overarching scheme" was formulated, orchestrated, and directed by the Defendants' top level corporate management and employed in a systematic fashion against the putative class members. The Plaintiffs' Amended Complaint asserts state common law claims for (1) fraud, (2) breach of fiduciary duty, (3) reckless failure to train and supervise, (4) negligent misrepresentation, (5) breach of the duty of good faith and fair dealing, (6) unjust enrichment, (7) conspiracy, (8) injunctive relief, and (9) punitive damages. The Plaintiffs Amended Complaint also asserts a federal claim under the Racketeer Influenced and Corrupt Organization Act (RICO), 18 U.S.C. § 1961 et seq. Id.”
“The Plaintiffs estimate that the nationwide class numbers in the "hundreds of thousands."

(g) When a WMA multi-level-marketing recruit(victim) buys a WRL VUL life-insurance policy:
(i) he absolutely doesn’t need
(ii) can’t possibly be expected(actuarially) to afford making premium payments until the pickpocket fee-laden inferior product yields any positive return
(iii) said policy lapses
(iv) and he surrenders the policy
the WMA and WRL share in all the money the customer(victim) loses! Isn’t that exciting!!!!

(h) All of the above!!!!!

Glossary/Key:
AEGON is a Dutch insurance firm(notably in a country where securities regulation has short history and little practical enforcement)
MLM(Multi-Level-Marketing) is a product-based pyramid scheme, which ostensibly retails a product or service, but manages to turn sales and other fees back into tantamount pyramid-entry fees[see, e.g., http://www.pyramidschemealert.org and http://whatisgood.com/MLMvsNPSvsVegas-Where'sTheHarm_files/MLMvsNPSvsVegas-Where'sTheHarm-vert.htm]
NASD(National Association of Securities Dealers) Perform an online search on your WFG recruiter/salesmen to see if he is one of the numerous who is either a convicted criminal, has declared bankruptcy or has unpaid liens, or has already been reported for fraudulent misrepresentation of VULs and/or variable annuities(Note that the WMA does not regularly report this information to the NASD as required: http://www.nasdaqnews.com/news/pr2000/ne_section00_185.html)(NASD Online Broker Search - http://www.nasdr.com/2000.htm)
Professional Financial Advisor is a WFG(AKA WMA) multi-level-marketing salesman who has been as improperly-trained as possible by “Visionary Leaders & Investment Geniuses(see below)”
Visionary Leaders & Investment Geniuses: A construction worker, athletic-department employee, and college dropout(who failed the securities exam 4 times in a row before finally managing to pass), who spent half their “professional” lives telling customers that a product is “trash-value insurance,” then founded a company for which the vast majority of actual sales are accounted for by “trash-value insurance” [See the May 2000 issue of Money magazine at http://www.money.com/money/archive/magarticle/0,4015,9595,00.html]
WFG(World Financial Group) is the name the WMA is calling itself now that all the securities regulators and the public have found out how crooked the WMA really is: ostensibly the name change comes from an AEGON buyout of select WMA “assets”[www.worldfinancialgroup.com/mediaCenter/f2a.asp]
WMA(World Marketing Alliance) is a Bermuda insurance corporation with a securities division, WMAS, and an advertising(inventory-loading) division, WMA Agency. WMA has an extensive reinsurance agreement with WRL, whereby the two companies share fees from sales and early surrenders of WRL variable insurance policies(VULs and variable annuities)[See, e.g., http://www.secinfo.com/dsVsf.5453.htm]
WRL(Western Reserve Life) is a subsidiary insurance firm of AEGON

Other AEGON News:
Wednesday September 26 2001
Aegon wins Chinese licence
Aegon reported it had been given a permit by the Chinese financial sector authority to form an alliance with a Chinese bank or insurer. Aegon can only operate on the Chinese market via an alliance with a Chinese player, and then in only one city. An Aegon spokesman said the city will depend on where its future partner is based.

Monday February 19 2001
Aegon does not feel responsible for broker fraud
Aegon does not feel responsible for the damages running into millions of guilders incurred by broker Bouwman Group, which has been suspectedd of fraud. Bouwman did not have a licence for capital management and this fraud came to light when some clients demanded their money back. Aegon says Bouwman owes the group Fl 12m, but it has already been refunded several millions, whereas private clients are estimated to have lost Fl 6.5m and are still waiting for their money.

Friday November 5 1999
Jewish group steps up attack on Aegon
Aegon's fight with the World Jewish Congress over Holocaust policies intensified on Friday when the congress unexpectedly stepped up its threats against the company because it is refusing to join a restitution panel. The World Jewish Congress widened the scope of threatened punishments to include divestiture and asking US states not to do business with Aegon's huge US operations, Elan Steinberg, WJC executive director, told reporters.
-http://www.hebels.nl/qpf/en/newsperc/aavnws.htm

WRL Refuses to Pay Back Johnson Dairy after WRL Employee Embezzled Funds[AKA Just Try Obtaining any Proper Refund after Being Scammed with One of Their Variable Products]
http://www.law.emory.edu/6circuit/feb97/97a0069p.06.html

Black Racism Suit Against AEGON
http://yahoofin.cnet.com/investor/news/newsitem/0-9900-1028-4190519-0.html?tag=ltnc

Logic & Argument Form:
This message is a prime example of the 3 or so obligatory shill claims posted by WFG/WMA con-artists on message boards each week. The argument in Logic is that since AEGON is honest, WMA must necessarily be honest. The unstated, but incorrect argument form therefore is Modus Ponens, i.e.,
P=>Q
P
-------
Q

The correct argument form would, however, be Modus Tollens, i.e.,
P=>Q
~Q
-------
~P

Not only is the posited form of the argument incorrect, so is the implicit(or stated) premise that AEGON/WRL are honest. They are not, and the WRL/AEGON could not possibly be ignorant of the WMA's dishonesty and deceit. Their actuaries, accountants, compliance-department, and corporate officers should make excellent witnesses in RICO action against the WFG/WMA.

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Re: Re: AEGON/WMA/WRL gynger hunter 13:44:32 1/02/2007 (0)

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Subject: Re: Re: AEGON/WMA/WRL

Comments:
: Mary: : I will simply toss in a standard response I post to shill Internet messages claiming that the WMA(aka WFG) must be honest since AEGON has bought a portion of the company's "assets." Presumably these individuals are equally impressed by Miss Cleo's public Tarot readings on commercial TV. : Question posed by WFG/WMA Crooks and Brainwashed : Multi-Level-Marketing Cult Zombies : (1) Why would a company like AEGON have anything to do with the WFG(Alias the WMA) if WFG(WMA) is a crooked company? : (a) WFG/WMA’s fraudulent and deceptive sales practices account for the majority of WRL’s Variable Universal Life(VUL) insurance-policy sales. Despite even the massive writing and cancellation of fraudulent WRL VUL policies during WMA employee-promotion drives, the professional-blind-man WRL Compliance Departments, WRL Actuarial Departments, and WRL Accounting Departments and WRL Corporate Management still prefer to withhold this evidence from government regulators and law-enforcement officials due to the lucrative nature of the business arrangement : (b) WFG/WMA and WRL/AEGON routinely employ deceptive sales practices and fraud as indicated by the class-action suit filed in Georgia against all with respect to the sale of an utterly and obviously unsuitable pickpocket fee-laden variable-annuity insurance policy(http://www.whafh.com/cases/wma.htm) : (c) WRL-AEGON normally employs deceptive insurance-sales practices as indicated by a class-action lawsuit filed in Florida on June 30th 2000(http://www.findarticles.com/m4PRN/2000_June_30/63065887/p1/article.jhtml) : (d) WRL-AEGON normally practices deceptive insurance-sales practices as indicated by a class-action lawsuit filed against AEGON and its subsidiaries in New York on June 8th 2000(http://www.insure.com/life/annuity/prudentialaegon600.html) : (e) AEGON and its J.C. Penny subsidiary are being sued for defrauding millions of elderly customers by charging insurance policies to their credit cards in a telemarketing scam(http://pages.about.com/srule/InsideTelemarketing/id13.html) : (f) AEGON USA and subsidiaries were named in a class action suit petition for: : “The crux of the Plaintiffs' complaint is that AEGON and its subsidiaries fraudulently marketed and sold the life insurance policies by misrepresenting the policies as "retirement plans," "savings plans," or other "investment" vehicles. The Plaintiffs move to certify a class of similarly situated individuals who purchased policies from AEGON and its subsidiaries with the belief that they were actually purchasing retirement, pension, investment, savings, or college funding plans or programs, between January 1, 1985 and December 31, 1996.” : “The five named Plaintiffs in this case allege that they were victims of a "systematic scheme of marketing fraud" formulated by AEGON and its subsidiaries to surreptitiously sell life insurance policies.(2) The Plaintiffs maintain that the "overarching scheme" was formulated, orchestrated, and directed by the Defendants' top level corporate management and employed in a systematic fashion against the putative class members. The Plaintiffs' Amended Complaint asserts state common law claims for (1) fraud, (2) breach of fiduciary duty, (3) reckless failure to train and supervise, (4) negligent misrepresentation, (5) breach of the duty of good faith and fair dealing, (6) unjust enrichment, (7) conspiracy, (8) injunctive relief, and (9) punitive damages. The Plaintiffs Amended Complaint also asserts a federal claim under the Racketeer Influenced and Corrupt Organization Act (RICO), 18 U.S.C. § 1961 et seq. Id.” : “The Plaintiffs estimate that the nationwide class numbers in the "hundreds of thousands." : (g) When a WMA multi-level-marketing recruit(victim) buys a WRL VUL life-insurance policy: : (i) he absolutely doesn’t need : (ii) can’t possibly be expected(actuarially) to afford making premium payments until the pickpocket fee-laden inferior product yields any positive return : (iii) said policy lapses : (iv) and he surrenders the policy : the WMA and WRL share in all the money the customer(victim) loses! Isn’t that exciting!!!! : (h) All of the above!!!!! : Glossary/Key: : AEGON is a Dutch insurance firm(notably in a country where securities regulation has short history and little practical enforcement) : MLM(Multi-Level-Marketing) is a product-based pyramid scheme, which ostensibly retails a product or service, but manages to turn sales and other fees back into tantamount pyramid-entry fees[see, e.g., http://www.pyramidschemealert.org and http://whatisgood.com/MLMvsNPSvsVegas-Where'sTheHarm_files/MLMvsNPSvsVegas-Where'sTheHarm-vert.htm] : NASD(National Association of Securities Dealers) Perform an online search on your WFG recruiter/salesmen to see if he is one of the numerous who is either a convicted criminal, has declared bankruptcy or has unpaid liens, or has already been reported for fraudulent misrepresentation of VULs and/or variable annuities(Note that the WMA does not regularly report this information to the NASD as required: http://www.nasdaqnews.com/news/pr2000/ne_section00_185.html)(NASD Online Broker Search - http://www.nasdr.com/2000.htm) : Professional Financial Advisor is a WFG(AKA WMA) multi-level-marketing salesman who has been as improperly-trained as possible by “Visionary Leaders & Investment Geniuses(see below)” : Visionary Leaders & Investment Geniuses: A construction worker, athletic-department employee, and college dropout(who failed the securities exam 4 times in a row before finally managing to pass), who spent half their “professional” lives telling customers that a product is “trash-value insurance,” then founded a company for which the vast majority of actual sales are accounted for by “trash-value insurance” [See the May 2000 issue of Money magazine at http://www.money.com/money/archive/magarticle/0,4015,9595,00.html] : WFG(World Financial Group) is the name the WMA is calling itself now that all the securities regulators and the public have found out how crooked the WMA really is: ostensibly the name change comes from an AEGON buyout of select WMA “assets”[www.worldfinancialgroup.com/mediaCenter/f2a.asp] : WMA(World Marketing Alliance) is a Bermuda insurance corporation with a securities division, WMAS, and an advertising(inventory-loading) division, WMA Agency. WMA has an extensive reinsurance agreement with WRL, whereby the two companies share fees from sales and early surrenders of WRL variable insurance policies(VULs and variable annuities)[See, e.g., http://www.secinfo.com/dsVsf.5453.htm] : WRL(Western Reserve Life) is a subsidiary insurance firm of AEGON : Other AEGON News: : Wednesday September 26 2001 : Aegon wins Chinese licence : Aegon reported it had been given a permit by the Chinese financial sector authority to form an alliance with a Chinese bank or insurer. Aegon can only operate on the Chinese market via an alliance with a Chinese player, and then in only one city. An Aegon spokesman said the city will depend on where its future partner is based. : Monday February 19 2001 : Aegon does not feel responsible for broker fraud : Aegon does not feel responsible for the damages running into millions of guilders incurred by broker Bouwman Group, which has been suspectedd of fraud. Bouwman did not have a licence for capital management and this fraud came to light when some clients demanded their money back. Aegon says Bouwman owes the group Fl 12m, but it has already been refunded several millions, whereas private clients are estimated to have lost Fl 6.5m and are still waiting for their money. : Friday November 5 1999 : Jewish group steps up attack on Aegon : Aegon's fight with the World Jewish Congress over Holocaust policies intensified on Friday when the congress unexpectedly stepped up its threats against the company because it is refusing to join a restitution panel. The World Jewish Congress widened the scope of threatened punishments to include divestiture and asking US states not to do business with Aegon's huge US operations, Elan Steinberg, WJC executive director, told reporters. : -http://www.hebels.nl/qpf/en/newsperc/aavnws.htm : WRL Refuses to Pay Back Johnson Dairy after WRL Employee Embezzled Funds[AKA Just Try Obtaining any Proper Refund after Being Scammed with One of Their Variable Products] : http://www.law.emory.edu/6circuit/feb97/97a0069p.06.html : Black Racism Suit Against AEGON : http://yahoofin.cnet.com/investor/news/newsitem/0-9900-1028-4190519-0.html?tag=ltnc : Logic & Argument Form: : This message is a prime example of the 3 or so obligatory shill claims posted by WFG/WMA con-artists on message boards each week. The argument in Logic is that since AEGON is honest, WMA must necessarily be honest. The unstated, but incorrect argument form therefore is Modus Ponens, i.e., : P=>Q : P : ------- : Q : The correct argument form would, however, be Modus Tollens, i.e., : P=>Q : ~Q : ------- : ~P : Not only is the posited form of the argument incorrect, so is the implicit(or stated) premise that AEGON/WRL are honest. They are not, and the WRL/AEGON could not possibly be ignorant of the WMA's dishonesty and deceit. Their actuaries, accountants, compliance-department, and corporate officers should make excellent witnesses in RICO action against the WFG/WMA.

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