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SEC file “illegal pyramid scheme” case against TelexFree

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Hot on the heels of the Massachusetts Securities Division alleging TelexFree to be a $1 billion dollar Ponzi scheme, now comes a new complaint from the SEC. Filed on the 15th of April in a Massachusetts District Court, the SEC have named eight defendants in the case, and have grouped them into three distinct categories: [Continue reading...] Source: SEC file “illegal pyramid scheme” case against TelexFree

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