Ripoff Report VIP Arbitration Program
In re:
SYNERGY INSURANCE SERVICES, INC., a California corporation, dba, SYNERGY CAPITAL & INSURANCE SERVICES and SYNERGY FINANCIAL ALLIANCE, INC., a California corporation, dba, SYNERGY CAPITAL ASSOICATES
Complainants,
v.
ZAHIR HARIK,
Author.
Rip-Off Report No. 624941
ARBITRATOR DECISION
Bruce Meyerson,
Arbitrator
Complainants Synergy Insurance Services, Inc. and Synergy Financial Alliance, Inc. have challenged the truthfulness of certain statements (each, a “Statement”) posted by Author on the Ripoff Report website at www.ripoffreport.com on July 19, 2010, as Ripoff Report No. 624941 (the “Report”). Both the Complainants and the Author (together, the “Parties”) have agreed to submit the dispute to the Ripoff Report VIP Arbitration.
Each Statement challenged by the Complainant has been considered, together with any Witness Statements and Documents provided by the Complainant and the Author, for determination of the truth or falsity of the Statement. The Arbitrator was asked to decide whether the preponderance of the evidence submitted established that each Statement was true or that it was false.
Each challenged Statement is set forth below together with the Arbitrator’s comments and ruling:
1. Statement: Synergy Capital & Insurance [is] misleading people to purchase life insurance for retirement [in] Gardena, California.
Discussion: In a subsequent report, the Author stated that although at the time he made the Statements he believed them to be true he has subsequently investigated the facts and he has concluded that his Statements were not consistent with the facts, that he has never attempted to do business with the Complainants, and that the Statements he made were false.
Ruling: I find this Statement false.
2. Statement: Synergy Capital & Insurance formerly Infinity Financial Services is a pyramid scheme identical to WMA and WFG.
Discussion: In a subsequent report, the Author stated that although at the time he made the Statements he believed them to be true he has subsequently investigated the facts and he has concluded that his Statements were not consistent with the facts, that he has never attempted to do business with the Complainants, and that the Statements he made were false.
Ruling: I find this Statement false.
3. Statement: They pry on immigrants and minorities who are not well informed or educated about financial matters.
Discussion: In a subsequent report, the Author stated that although at the time he made the Statements he believed them to be true he has subsequently investigated the facts and he has concluded that his Statements were not consistent with the facts, that he has never attempted to do business with the Complainants, and that the Statements he made were false.
Ruling: I find this Statement false.
4. Statement: They promise huge returns on investments as low as $200 per month.
Discussion: In a subsequent report, the Author stated that although at the time he made the Statements he believed them to be true he has subsequently investigated the facts and he has concluded that his Statements were not consistent with the facts, that he has never attempted to do business with the Complainants, and that the Statements he made were false.
Ruling: I find this Statement false.
5. Statement: In reality most of the premiums are consumed by the cost of insurance and administrative fees.
Discussion: In a subsequent report, the Author stated that although at the time he made the Statements he believed them to be true he has subsequently investigated the facts and he has concluded that his Statements were not consistent with the facts, that he has never attempted to do business with the Complainants, and that the Statements he made were false.
Ruling: I find this Statement false.
6. Statement: The policy will lapse in less than 5 years due to insufficient funding.
Discussion: In a subsequent report, the Author stated that although at the time he made the Statements he believed them to be true he has subsequently investigated the facts and he has concluded that his Statements were not consistent with the facts, that he has never attempted to do business with the Complainants, and that the Statements he made were false.
Ruling: I find this Statement false.
7. Statement: Because the insurance companies do not provide account statements, unless requested, most clients will not realize their money is going down the drain until it is too late.
Discussion: In a subsequent report, the Author stated that although at the time he made the Statements he believed them to be true he has subsequently investigated the facts and he has concluded that his Statements were not consistent with the facts, that he has never attempted to do business with the Complainants, and that the Statements he made were false.
Ruling: I find this Statement false.
8. Statement: Imagine how you will feel a few years from now when your friends and relatives find out that you made them lose their life savings.
Discussion: In a subsequent report, the Author stated that although at the time he made the Statements he believed them to be true he has subsequently investigated the facts and he has concluded that his Statements were not consistent with the facts, that he has never attempted to do business with the Complainants, and that the Statements he made were false.
Ruling: I find this Statement false.
9. Statement: Cash value life insurance only works if you put the maximum amount allowed by the IRS and you are in your 20s.
Discussion: In a subsequent report, the Author stated that although at the time he made the Statements he believed them to be true he has subsequently investigated the facts and he has concluded that his Statements were not consistent with the facts, that he has never attempted to do business with the Complainants, and that the Statements he made were false.
Ruling: I find this Statement false.
Accordingly, for the foregoing reasons, I find that all of the Statements submitted by the Author are false.
DATED this __ day of December, 2010.
________________
Bruce E. Meyerson, Arbitrator
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Be ware!!!
