Dissecting Pre-Paid Legal Ripoff Rumors – Does a Pre-Paid Legal Ripoff Really Exist?

In the age of the internet, it’s often tough to sort through legitimate companies from pure ripoffs. This article aims to explain the good and bad elements of the popular network marketing company, Pre-Paid Legal. Ultimately, is there a scheme behind the Pre-Paid Legal ripoff rumors? Or is this a company that can be trusted?

Who’s Behind Pre-Paid Legal

The company was founded in 1972 by a man named Harland C. Stonecipher in Oklahoma. Since inception, it’s dealt with a variety of company lawsuits, and most recently, a buyout by MidOcean Partners, a private equity firm in New York. The New York Times reported that this acquisition cost MidOcean around $650 million, and happened in 2011 after Stonecipher stepped down from his role as chief executive.

Amidst a continuing investigation by the Securities and Exchange Commission concerning membership information and the reasons behind Stonecipher’s resignation, it’s tough to take an unbiased look at the company and opportunity they provide.

True or False? The Pre-Paid Legal Ripoff

But it’s not all gloom and doom for PPL. The company currently serves over 1.4 million families in both the United States and Canada, helping people find and retain attorneys for legal matters like real estate transactions, wills and estate planning, mortgage refinancing, moving traffic violations, creditor trouble, inadequate health care, and automobile or property damage. They currently ’employ’ thousands of representatives in the United States.

Pre-Paid Legal Ripoff Rumors Laid to Rest

The bottom line concerning legitimacy is this: if the company were performing illegal actions, or were in fact operating as a pyramid scheme, they would be charged for such occurrences and taken out of business. And based on the fact that MidOcean recently purchased the company for a large amount of money, it’s tough to think that PPL is on the outs.

The biggest question for network marketers, instead, should be about their investment in the company, and whether it makes sense for them to join. While there is no such thing as the “Pre-Paid Legal ripoff,” it’s still important to evaluate an opportunity and your ability to create real wealth with a home based business.

One big issue many new network marketers have is how to market, and who to market to. Luckily, there are a lot of resources on the web that can help new network marketers manage this. Learning all aspects of internet marketing, like SEO, driving traffic, setting up an effective website and opt-in, and generating high quality leads are all things that network marketers need to know. They aren’t tough to learn, but it requires a bit of patience and time spent reviewing the right materials in order to build a successful network marketing business with a company like PPL.