Prospect Match ProspectMatch.com Bogus Annuity Leads for Insurance Agents Concord, California

You're absolutely right about Prospect Match selling fictitious  leads as actual prospects who are looking for senior products like annuities, ira rollovers, and/or long-term care insurance.  I had about 90 leads sent to me within the first two weeks (had seen only 2 or 3 waiting when I had gone onto their website to look at my target zipcodes).   I was getting something like 54% bad leads (invalid name, address, phone, email) in one zipcode and 71% in another.  The percentage I did reach, about 22% in one zipcode denied having requested an information booklet and threatened to sue me for calling a Do Not Call listing.  That poses a serious risks to agents starting to use this system, because fines can be as high as $11,000 per infraction and Prospect Match in their agreement absolves themselves of any blame in lawsuits brought against advisors.  So when they send out fictitious leads, every single advisor using them is calling at their own risk.  The percentage of leads that have correct names, phones, addresses, emails, etc. inevitably denied ordering a booklet.   Prospect Match stated that was normal and that their training focused on how to try to convert non-prospects into prospects by creating interest when there was none to begin with.  But once again, the advisor likely violated Do Not Call regulations as this point already.  Prospect Match did replace bad leads with credits, but new leads would continue to be fictitious as well and they would keep this process up until the lead was a valid name, address, phone, email, etc.  .  At this point, even if they denied requesting a report, Prospect Match considered this a valid lead and the credit was used up.  So in the end, the advisors pays for leads that are useless and Prospect Match racks up fradulent sales to unsuspecting advisors.   I believe the majority of testimonials on their website are fictitious as well or that possibly some advisors were getting actual leads and a lot of advisors were getting fictitious leads, which would be unethical on Prospect Match's part.