George Ndifor Jing - Transamerica, WFG Rockville MD HYSlife , HYLife, HYS Sold me on to life insurance promising high crypto returns! Rockville Maryland

This case involves a predatory financial scheme that I fell victim to, orchestrated by George Ndifor Jing, a WFG (World Financial Group) agent based in Rockville, Maryland. Jing targeted me as a recent immigrant, convincing me to purchase a high-premium life insurance policy through Transamerica.

His sales pitch was built around a fraudulent combination of life insurance and cryptocurrency investments. Jing promised me that I could easily afford the expensive premiums by using returns from cryptocurrency investments. He assured me that these investments were guaranteed, along with the principal. What he didn’t tell me was the truth about cryptocurrency’s volatile and risky nature.

Trusting his guidance, I believed this was the best way to secure life insurance. But after the cryptocurrency market took a downturn, I lost all the funds that were supposed to cover my premium payments—funds that Jing had directed into what he called the “curio portion,” which was really just a cryptocurrency gamble. Now, I’m left with an expensive life insurance policy that I can no longer afford, and my financial situation has become precarious.

This was outright exploitation, preying on my lack of familiarity with the financial systems here. It’s clear that Jing knew exactly what he was doing, and Transamerica’s lack of oversight allowed this to happen. There needs to be stronger protections for people like me—new immigrants who are often unfamiliar with the financial landscape and at risk of being taken advantage of by unethical agents like Jing.