Report: #1497702

Complaint Review: Alexandra Sanchez/Tenacity Financial - San Dimas CA

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  • Alexandra Sanchez/Tenacity Financial 1200 N. San Dimas Canyon Rd. San Dimas, CA United States

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I'm furious with this Tenacity Financial/WFG agent. Alexandra Sanchez sold me an IUL policy, but didn't explain how it really works. She told me the cash value amount is tax free. I'd get a big fat retirement check down the road. 2 other advisers now told me that that's wrong. That's misrepresentation. And if she knows about that, that's worse -- willful misrepresentation to close a sale. The majority in my cash value is NOT tax free.

Alexandra Sanchez is part of that MLM group, Tenacity Financial and WFG or World Financial Group.  Don't be fooled. On Instagram she goes by Women Empowerment Leadership Development. She's a life unsurance person. Nothing else. Selling you overpriced Transamerica IUL.

I feel scammed. Her uplines (sounds like MLM scheme already) are Elson Mills and Jay Gauthier. MY IUL will be eaten up by administrative fees, taxes, and what else. Alexandra Sanchez -- stay away from her. 

This report was posted on Ripoff Report on 07/16/2020 03:02 PM and is a permanent record located here: https://www.ripoffreport.com/report/alexandra-sancheztenacity/san-dimas-ca-jay-gauthier-jr-1497702. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#2 Author of original report

Jay Gauthier Jr./Tenacity Financial Services/WFG Tenacity Financial World Financial Group Jay Gauthier Jr. and Tenacity Financial MLM Scam San Dimas CA

AUTHOR: Anonymous - (United States)

POSTED: Thursday, July 23, 2020

Tenacity Financial (aka Tenacity Financial Services) is a branch office under World Financial Goup (WFG).  The parent company of WFG is Transamerica.  Transamerica is similar to offices like Synergy Financial, Diamond Financial, Lighthouse Financial, and other WFG offshoots.

Jay Gauthier Jr. and Ronnie Gauthier run Tenacity Financial.  If you ended up at Tenacity Financial it's because someone invited you to a Business Presentation Meeting (BPM) (aka Money Seminar, Opportunity Meeting) using a scripted text.  Maybe it happened at the Mall, restaurant, or any public place, or you're a friend/acquaintance/family member thinking you'd only support that person.  Wrong.

I'm not going over the MLM structure -- someone else already did that.  Here's the money scam that Jay Jr. operates.  You'll end up paying through the roof.  Your signup fee (sorry, I meant to say "background investigation check") is $100.  Your monthly membership depends on your seniority level -- $25, $50, $100+.  You're expected to pay for seminars, bootcamps, quarterly events, annual events etc -- $25-400 per case.  Guess what: That's all in CASH.  Nice.  Not traceable.  The IRS loves that.

Jay tells you it's all small fees so you have some skin in the game.  There's more: You're expected to have your own office in his leased Tenacity building -- $400-$800 per month.  CASH.  Nice.  First, Jay gets the tax credit for his business expense (office lease).  Then, he gets YOUR office rent money all CASH.  Double-dipping.

Jay's overhead is zero because you pay for him.  By the way, you only advance in his pyramid, moving from Marketing Director to Senior Marketing Director, if you have an office and an assistant.  The assistant?  Jay tells you to find your own assistant and pay him/her $100 a week.  So much for LABOR LAW.

My advice: Go with a REAL financial firm if you want to be in financial services.  I found out that others DON'T charge for office rent, phone use etc.  Jay Gauthier Jr. and Tenacity -- SCAM!

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#1 Author of original report

Alexandra Sanchez/Tenacity Financial Jay Gauthier, Jr. Ronnie Gauthier Elson Mills Elias Castro Frank Vidal Alexandra Sanchez from Tenacity Financial (Jay Gauthier) recruiting for her MLM scam. San Di

AUTHOR: Sergio - (United States)

POSTED: Thursday, July 23, 2020

Jay and Ronnie Gauthier run Tenacity Financial. That's not even the real name. Jay incorporated as Team Tenacity in 2018. Team Tenacity is under World Financial Group (WFG). His agents claim to be financial advisors, leadership builders, Women Empowerment Leader (example: Alexandra Sanchez) etc.

Alexandra is a life insurance agents trying to recruit people to her MLM because Jay told her so. Jay's agents go out loaded with scripts to recruit on the street, at malls, at gas stations, on Instagram, on Facebook -- about anywhere. You'll get talked into a Business Presentation Meeting (BPM). At times, agents refer to that as Opportunity Seminar, Money Seminar, Financial Education Seminar etc. All the same.

You'll hear about making tons of money, how dumb regular emloyees are, and why you should do the MLM pyramid. You'll pay $100 for a background check. There's no background check actually. The money pit doesn't stop there. Jay will talk you into getting an office in his leased building. That's $400-$800. You'll also pay for conventions. boot camps, seminars, monthly membership fee, and more. None of it is cheap! And, Jay wants all CASH. The IRS knows nothing about this. Jay has no overhead actually because YOU pay for him.

Alexandra is one of his life insurance agents. She tells you you'll learn everything about money. In fact, you learn nothing. You'll fork over a Top 25 list -- contact info for your friends and family -- for training appointments. Well, reality is, she wants to sell life insurance to your inner circle and have them jump on board. Jay preaches internal consumption. Sell to your recruits and their families.

You'll learn nothing about money. You'll only sell expensive Indexed Unviversal Life Insurance (IUL) from Transamerica. Do your research about IULs. Alexandra Sanchez doesn't even tell the truth. No one at Tenacity Financial knows how the IUL really works. They run around with false information. Worse yet, Jay doesn't provide any legal updates. Thus, no one knows about changes to simple things like the IRA.

Alexandra Sanzhes, Tenacity Finacial, Jay Gauthier and other agents like Elias Castro, Elson Mills, Frank Vidal, an on and on and on -- all part of Jay's MLM scam. Do yourself a favor, stay away. If you join WFG, it'll absolutely ruin your existing friends/family relationships. You'll go broke.

One last word about Jay's training sessions. They're weekly. What you learn has nothing to do with the financial world. He'll tell you over and over again what a stud vs. a dud looks like, recruit, recruit, and recruit, and how much money he made in the last pay cycle. Beware: All financial records he shows are not real. They're his WFG commission reports. No real tax return information.

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