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Businiess name:
Reliant Life Shares
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Review by:
Guest
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Review content:
My original complaint from 3/08/2021: I invested $200K in 5 Reliant Life Shares 5 years ago and now I am paying anywhere from 10 to 20 annually to maintain my investment. Since I only receive a fixed $53,200 payout on each $40,000 share I figure I have paid out almost $10,000 for each share so far. And I just received a bill for $7550 for another year of maintenance! There are several online complaints and many state that they can't get their money back as well as being ignored by the company.
Update on 3/09/2022: Maintenance fees paid: $2159.07 on 01 April 2020. $3765.35 on 31 Dec 2020. $3571.99 on 01 May 2020. $3918.59 on 10 May 2020. $4198.74 on 06 Jan 2021. $7600.00 on 29 May 2021. $2182.15 on 24 Jun 2021. $4982.51 on 24 Jul 2021. $4510.89 on 20 Jan 2022. $3690.31 on 23 Jan 2021. $3816.63 on 15 Feb 2022. Total paid to date: $44,396.23. This is a scam. They won't return my original investment of $200K. STAY AWAY FROM THIS MONEY PIT!!!
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