Complaint Review: FIRST SENIOR FINANCIAL GROUP - King of Prussia Pennsylvania
- FIRST SENIOR FINANCIAL GROUP 2700 Horizon Dr Suite 300 King of Prussia, Pennsylvania United States of America
- Phone: 610-783-7750
- Web: www.firstseniorfinancialgroup.com
- Category: Insurance Agencies
FIRST SENIOR FINANCIAL GROUP PHILLIP J. CANNELLA lll FIRST SENIOR FINANCIAL GROUP IS A FRAUD!!!DOES NOT PAY COMMISSIONS TO THEIR FINANCIAL ADVISORS!!!! King of Prussia, Pennsylvania
*UPDATE Employee ..inside information: Things are about to become interesting
*Consumer Comment: Get the Facts Straight
*UPDATE Employee: An Open Invitation
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PHILLIP J. CANNELLA lll (CEO) IS A FRAUD!!! HE OWES FORMER FINANCIAL ADIVSORS OVER $500,000 IN UNPAID COMMISSIONS!!!!! CANNELLA FIRES HIS FINANCIAL ADVISORS SO HE DOES NOT HAVE TO PAY THEIR COMMISSIONS!!! OVER THE PAST 6 MONTHS HE HAS FIRED MORE THAN 6 ADVISORS AND DID NOT PAY FOR PAST EARNED COMMISSIONS!!!! HOW DO YOU THINK HE PAYS FOR THOSE HIGH END FINANCIAL EDUCATIONAL LUNCHIN SEMINARS??? THE NEXT TIME YOU ATTEND ONE OF HIS EDUCATIONAL EVENTS AND EAT HIS FREE FOOD.....THINK OF ALL THE COMMISSIONS HE NEVER PAID TO HIS FORMER FINANCIAL ADVISORS ...YOUR EATING THE FOOD FROM THE ADVISORS FAMILIES HE NEVER PAID!!!!! HE OWES THE IRS OVER $1 MILLION IN BACK TAXES/LIENS AND IS IN VIOLATION OF INSURANCE LICENSING FEDERAL STANDARDS. THE INSURANCE COMPANIES HE REPRESENTS LOOK THE OTHER WAY BECAUSE OF THE MILLIONS IN ANNUITIES HIS COMPANY ISSUES. DO NOT DO BUSINESS WITH THIS CROOK!!!
This report was posted on Ripoff Report on 12/11/2010 11:06 AM and is a permanent record located here: https://www.ripoffreport.com/reports/first-senior-financial-group/king-of-prussia-pennsylvania-19406/first-senior-financial-group-phillip-j-cannella-lll-first-senior-financial-group-is-a-fr-670496. 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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#3 UPDATE Employee ..inside information
Things are about to become interesting
AUTHOR: Donald - ()
SUBMITTED: Monday, July 14, 2014
I have just had a request from the Guardia di Finanza asking for any more specifics on this web of lies we are uncovering within FSG Things are about to get very interesting for - Phil, Mauro Rossi and their silent side-kick Virginia Red.
Spoke Turning. One of Thousands. I have been examining just how complex the flows of “capital” are, and the frightening legacy crimes of which those behind the flows they have been accused (and often sentenced). If you are interested in a sample of one of hundreds of these schemes, look no further than first senior.
You will see “Silly Phil” highlighting on his Radio Shows (really, true) his affection horses and handsome Alfio Marchini(professional equestrian). You will then see how his family holding company swaps shares and cash with her mythological sounding RFSG vehicle (advising AIM-listed companies on corporate governance – more on this later), and to whom all this “advice” and cash ultimately leads.
This will eventually be a failure. We shall see.

#2 Consumer Comment
Get the Facts Straight
AUTHOR: Concerned Citizen - (United States of America)
SUBMITTED: Friday, February 18, 2011
In the "employee's" FSFG rebuttal "An Open Invitation," it states that the former advisors were "Independent Contractors" and then tries to slam RIPOFF Report for allowing "Former Employees" to air their complaints. Were they employees or independent contractors? That employee (who does not identify themself) for FSFG also makes unsubstantiated allegations of misconduct against the former advisors in stating, " it was these “advisors” that took advantage of the retiree by maximizing their own interests and attempting to line their own pockets at the expense of the consumers." Where are these supposed examples of misconduct? These former employees or independent contractors (whatever they are) could have grounds to sue FSFG and it's employee for libel if they identified the employee. It would appear to the casual observer that FSFG is not being represented in a positive manner by the employee who also stated, "First Senior Financial Group’s corporate mission is facilitated through transparency." I would be hesitant to do business with a company such as FSFG that would allow it's employee to represent it on this website and outright lie. RIPOFF Report allows the "little guy" to air out complaints against the corporate bigwigs so that inquiring and intelligent people know exactly what kind of company they are dealing with.

#1 UPDATE Employee
An Open Invitation
AUTHOR: First Senior Financial Group - (United States of America)
SUBMITTED: Tuesday, January 18, 2011
First Senior Financial Group is a senior advocacy firm.The above post is inaccurate and defamatory in nature.First Senior Financial Group always acts in the best interests of The American Retiree.The above post was obviously written by a self-serving disgruntled advisor that was at one time affiliated with First Senior Financial Group.In its ongoing efforts to always act in the best interests of The American Retiree, First Senior Financial Group terminated certain affiliations with some financial advisors, all of which are independent contractors, when it was found that they were self-serving and thereby not acting in the best interests of the consumer; it was these advisors that took advantage of the retiree by maximizing their own interests and attempting to line their own pockets at the expense of the consumers.First Senior Financial Groups corporate mission is facilitated through transparency.We invite any advisor, attorney, legislator or regulator to take us to task on this statement of fact.We at First Senior Financial Group are confident of our mission and the methods by which it is undertaken.We further invite the individual that made the post to back up their words with action your unsubstantiated allegations will never carry the day in any court or tribunal.Hiding behind anonymity on a web site is in and of itself proof of the baseless nature of these allegations.Step into the light and speak, as, out of the shadows, all can plainly see your lies.
Ripoffreport.com and its owner profess to be consumer advocates.Yet allowing disgruntled employees to post libelous information, without repercussion, does NOTHING to advance consumer advocacy.A true consumer advocacy firm, such as First Senior Financial Group, ALWAYS deals from the strength of truth.Ripoffreport.com, as seen through a multitude of law suits filed against it, hides behind Constitutional law that was meant to protect Freedom of Speech, not turn it into a shield for a business endeavor.This is exactly what Ripoffreport.com does; charging fees for a Corporate Advocacy Program and to act as mediator for a fee to remove defamatory posts such as the one posted against First Senior Financial Group does nothing in the name of consumers it is merely a marketing ploy to further the financial interests of a biased entity.


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