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TelexFree Brazil ruled a Ponzi scheme, fined $782,512

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There hasn’t been much news out of Brazil this year regarding the TelexFree Ponzi case. Earlier this year the court-ordered expertise from independent auditor Ernst & Young was filed, citing evidence that revealed TelexFree was a Ponzi scheme. TelexFree immediately tried to bury the report, but failed. Judge Thais Borges later remarked the report was “conclusive” enough for [Continue reading...] Source: TelexFree Brazil ruled a Ponzi scheme, fined $782,512

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