I can’t recall this being mentioned on here. Globe LIfe’s stock dropped more than 50% last month after Fuzzy Panda released a report claiming the company functioned as an MLM, bordering on a pyramid scheme. Amongst other things, they allegedly wrote policies for dead people and used fictitious bank accounts.
Fake bank accounts are an important part of every financial scam
Incidentally, it doesn’t show the actuaries celebrating. Maybe it was cut for time or was left out because they wanted to keep the family-friendly rating.
If the allegations hold true, then maybe a new feature film will be made about the experience, and there will then be some new material to show at professionalism seminars.
I feel a bit dumb here. Have never heard of these folks.
I like to watch