In exchange, the organization promises its new members a share of the money taken from every additional member that they recruit. In a pyramid scheme, an organization compels individuals who wish to join to make a payment. That my loyal readers is the definition of a pyramid scheme, and they have made us dues paying members subsidize the non-payers for the betterment of the fat cats in New Haven. Think of it like a pyramid scheme, the folks in New Haven get paid for every member from the local council, regardless of whether their dues are paid or not! ( Sounds suspiciously like the CRA membership model of not paying dues as long as you are willing to be a delegate to local endorsing conventions.)īut wait, there is more! The council that you belong to has to send a per capita payment each year to Supreme HQ back in New Haven, Connecticut, whether the local unit collected dues from you or not. Here is the problem, if you are an insured member you do not have to pay your dues, because the order cannot drop an insurance member! Even if your dues are in arrears over 10 years…does not matter if you have an insurance policy that you pay on! They will sell this product, then the insured will have to join a council, and in theory become a dues paying member. This is merely a way to prop up their insurance scheme, that by the way, is seeing its coffers for paying claims getting closer and closer to zero. So I guess this is a way to grow membership right? So in essence the Knights gain a member for each policy sold. ![]() The only requirement is….wait for it……wait…….you must join the Knights within 60 days of buying the insurance. ![]() So now anyone can sign up for our life insurance, annuities, 401k, and get this, long term care insurance! Pay most attention to the last one, almost no one sells long term care anymore because it is a huge money loser! CalPERS quit selling a long time ago and I cannot find any reputable carrier who sells these plans! So now we have opened the flood gates to anyone. Get this, the insurance program is now open to not just current Knights and their immediate family, now it’s open to anyone! Yeah, they say only to practicing Catholics but how does one identify or define that these days? I know quite a few people who call themselves Catholic yet haven’t been to church in decades! Or better yet how about the “Chreasters” as I call them who only show up on Christmas and Easter? Better yet, the Insurance Agents who sell these policies have territories that cover multiple churches, no way they even know if these people are confirmed into the church! However just when you thought this scheme was coming to a halt, they find a new low. I have written in this space recently about the Knights Insurance Program being a fraudulent racketeering scheme, we have linked the article here if you choose to revisit it.
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