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SEC: TelexFree is “disturbingly cult-like”

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Yesterday saw the filing by TelexFree co-owner James Merrill, asking the District Court of Massachusetts to grant him pre-trial release. Charged with wire fraud for his part in the running of a $1 billion Ponzi scheme, Merrill was arrested on May 10th and is currently awaiting trial. Merrill’s arguments for pre-trial release largely centered on [Continue reading...] Source: SEC: TelexFree is “disturbingly cult-like”

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