Will Smith used to promote Paymony?
In what is definitely one of the more bizarre attempts I’ve seen to legitimize an otherwise questionable opportunity, it would seem Paymony affiliates are trying to assert that Will Smith has joined...
View ArticleRwandan TelexFree affiliates mull legal action
In contrast to US TelexFree affiliate leaders busying themselves censoring social media groups of factual information and demanding artificial positivism from those who invested under them, Rwandan...
View ArticleiPayout hint at TelexFree money laundering?
Late yesterday we reported on iPayout disabling the ewallet services they were providing to TelexFree. Since then, some interesting developments have come to light. Compare the original message iPayout...
View ArticleSEC file “illegal pyramid scheme” case against TelexFree
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...
View ArticleTelexFree exit strategy thwarted, millions recovered
As agents from the FBI, Department of Homeland Security and Immigration and Customs Enforcement burst through the door of TelexFree’s Massachusetts head office, Joe Craft looked up from his laptop....
View ArticleSEC granted TRO against TelexFree, hearing set
Turns out the SEC don’t trust TelexFree management at all. And after the revelation yesterday that Joseph Craft lied about his position in the company while trying to make off with $37.9 million...
View ArticleTelexFree bankruptcy hearing continued on Monday
I’m seeing a whole bunch of crazy information getting pushed out there by TelexFree affiliates about the next tax hearing date. Dates in late April and May are all over the place, and many are citing...
View ArticleTelexFree claim Homeland Security & SEC are lying
When news broke that TelexFree’s Chief Financial Officer had been caught trying to escape with management’s retirement funds, the evidence the FBI presented in court was pretty conclusive. Filed in a...
View ArticleTelexFree communications registrations in jeopardy?
In a last-ditch attempt to appease regulator and reduce the impact of the fraudulent activities the company had engaged in over the last two years, TelexFree began filing applications to register...
View ArticleDoJ file objection in TelexFree bankruptcy application
Yesterday saw the continuation of the first day hearings in TelexFree’s bankruptcy application. Barring any additional information being made public, it looks like the hearing saw three significant...
View ArticleSann Rodrigues to set up TelexFree Association?
You’re at the top of a global billion dollar Ponzi scheme that recently collapsed, and was then shutdown by US regulators. If you’re Randy Crosby or Santiago De La Rosa, you disappear off into the...
View ArticleDominican Republic struggles with TelexFree aftermath
The Dominican Republic is emerging as one of the hardest hit TelexFree investor markets. Yet, despite a significant number of Dominicans investing in TelexFree, local authorities failed to take any...
View ArticleNerium International Review: Oleander based anti-ageing
Nerium International launched in 2011 and operate in the anti-ageing MLM niche. The company is is based out of the US state of Texas and is headed up by Founder and CEO, Jeff Olson. Olson’s MLM career...
View ArticleDoJ on TelexFree: Fraud, dishonesty & gross mismanagement
The Unites States Trustee program is a component of the Department of Justice responsible for overseeing the administration of bankruptcy cases and private trustees. Under the party name “US Trustee”,...
View ArticleSEC ask TelexFree bankruptcy be moved to Massachusetts
Just like their “European office” in London, TelexFree’s presence in Nevada constitutes nothing more than a smoke and mirrors cover for the scheme. Identified by the SEC as being nothing more than a...
View ArticleTelexFree owners withdrew $25M just before bankruptcy
Reymundo Torres: once the company comes back everybody is going to receive their money. -snippet of a TelexFree social media discussion, published 6 hours ago Although it’s sort of died down, one of...
View ArticleTelexFree delay preliminary injunction hearing
According to the SEC vs. TelexFree case docket, on the 23rd of April TelexFree filed an emergency motion seeking to delay the hearing for the permanent injunction. The company sought to set a new date...
View ArticleTelexFree Court Status – 24th April 2014
There has been a whole bunch of stuff filed in the last 48 hours and, rather than write separate updates for each motion and ruling, I figured it’d be of more use to provide a summary of TelexFree’s...
View ArticleTelexFree Court Status – 25th April 2014
The 25th saw the hearing in Massachusetts for a preliminary injunction against TelexFree Faith Sloan, Santiago De La Rosa, Randy Crosby, Sann Rodrigues and Steve Labriola. Further objections and...
View ArticleWazzub turns to crowd-sourcing, out of money?
Remember Wazzub? Yeah, I don’t much either. Wazzub launched all the way back in 2011 and after an admittedly successful viral campaign, seemingly went nowhere. The problem of course was that Wazzub...
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