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  2. Information provided by investigative authorities and resources, as well as investigations handled by Principal ®, have identified the following as some common fraud schemes impacting the insurance and financial services industries and the general public.

  3. The BBB has received notice of a sweepstakes scam involving the illegal use of the Principal Financial Group logo and Principal Life Insurance Company name and address as the issuer of...

    • 711 High Street, Des Moines, 50392-0001, IA
    • 5.2B
  4. Customer Complaints. 377 complaints closed in last 3 years. 114 complaints closed in last 12 months. All complaints are handled by the BBB where the company is Headquartered or a central customer...

    • 14755 N Outer 40 Rd # 108, Chesterfield, 63017-6050, MO
    • Vice President
    • (636) 733-9048
  5. Although our logo was not used, “The Principal Financial Group” appeared on the website, giving the allusion the site was maintained by our company. We have reason to believe the owners were using it as a phishing site to lure people into providing their personally identifiable information and, in some instances, send money.

  6. Feb 22, 2023 · Description. Summary. Removal. Prevention. FAQ. What kind of email is "Retirement Funds"? After inspecting the "Retirement Funds" email, we determined that it is spam operating as a phishing scam. This letter is disguised as a notification from Principal regarding recipients' retirement funds.

    • Principal Financial Group
    • Phishing, Scam, Social Engineering, Fraud
    • "Retirement Funds" phishing email
  7. Jan 1, 2024 · Was Principal Financial Group involved in a Ponzi scheme? Yes, in 2009, Principal was accused of knowingly allowing its retirement account holders to invest in a Ponzi scheme operated by Westgate Management LLC. The plaintiffs alleged that Principal failed to conduct adequate due diligence on Westgate and that the company’s marketing ...

  8. 2 reviews. US. Apr 19, 2023. Folsom Prison Blues. There was a time a person could call this company and you knew the matter would get resolved in short order. Those days are long gone. Instead of getting people that can actually help you, even if it is their mistake, the new team answering the phones can't do anything.

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