URGENT >> BULLETIN >> MOVING: Massachusetts Confirms TelexFree Probe

breakingnews72URGENT >> BULLETIN >> MOVING: The office of Massachusetts Commonwealth Secretary William Galvin has confirmed an investigation into the TelexFree MLM “program” is under way.

“There is an investigation going on, but I can’t comment beyond that,” said Brian McNiff, a spokesman for Galvin.

The brief statement to the PP Blog marks the first confirmation by a U.S. securities regulator that TelexFree is under investigation in the United States. TelexFree is under investigation in Brazil, amid pyramid-scheme allegations.

TelexFree is scheduled to hold its purported “international convention” beginning tomorrow in Spain.

A source outside of law enforcement told the Blog yesterday that Galvin’s office had issued subpoenas for certain people to appear before the Massachusetts Securities Division on March 5 at 10 a.m. and 2 p.m.

A federal agency also has interviewed a person who may have knowledge about TelexFree, the source said.

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55 Responses to “URGENT >> BULLETIN >> MOVING: Massachusetts Confirms TelexFree Probe”

  1. mike: There are people are actually make A LOT of money with this business

    Yes. Sann Rodrigues, a former defendant in an SEC pyramid-scheme and affinity-fraud case, appears to be one.

    That’s interesting in a couple of ways, not the least of which is that changes TelexFree says it is imposing in the compensation plan appear to have been timed not to take place BEFORE the “international convention” in Madrid earlier this month.

    Any concern on your part that Sann (and others like him) were given one more chance to prime the TelexFree pump and line their pockets under the old plan before the new plan took effect?

    mike: Your jealousy and hate isn’t necessary

    A judge and a prosecutor reportedly have been threatened with death in Brazil. TelexFree is pandering to the masses in Brazil and even has the gall to feature a pregnant woman rubbing her belly in one of its promos — as though TelexFree is the hope of all the mothers and young children of the world.

    Your comments here would fit in quite nicely with the dangerous propaganda machine of Carlos Costa.

    Patrick

    P.S. Do you know if TelexFree has any plans to ground the “private jet” to which promoters say it has access? Do you know if it ever ventures into Brazilian or Rwandan air space — or does it pretty much constrain itself to flights between the United States and Hispaniola?

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  2. mike: Your jealousy and hate isn’t necessary

    How do you get “jealousy and hate” out of what critics are saying.

    I could understand “contempt” or even “sadness” for the true victims.

    I could go with “resignation” at knowing the inevitable outcome.

    But why would anyone feel “jealousy” or “hate”

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  3. mike:
    I honestly dont understand why you people act like hell hounds. If you dont like or trust the company just move along. There are people are actually makeA LOT of money with this business. Your jealousy and hate isn’t necessary

    you’re not getting your money back. No reason to hate people that choose to hang on to theirs. only ‘jealousy and hate’ here are you slappy.

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  4. littleroundman: How do you get “jealousy and hate” out of what critics are saying.

    I could understand “contempt” or even “sadness” for the true victims.

    I could go with “resignation” at knowing the inevitable outcome.

    But why would anyone feel“jealousy” or “hate”

    it’s the typical projecting they do.

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  5. mike:
    I honestly dont understand why you people act like hell hounds.

    I honestly don’t understand why you people act like sheeple.

    If you dont like or trust the company just move along.

    Take no part in the unfruitful works of darkness, but instead expose them. — Ephesians 5:11, Christian Bible

    There are people are actually makeA LOT of money with this business.

    You will recognize them [false prophets] by their fruits. Are grapes gathered from thornbushes, or figs from thistles? So, every healthy tree bears good fruit, but the diseased tree bears bad fruit. A healthy tree cannot bear bad fruit, nor can a diseased tree bear good fruit.” — Matthew 7:16-18

    Your jealousy and hate isn’t necessary

    “For the time is coming when people will not endure sound teaching, but having itching ears they will accumulate for themselves teachers to suit their own passions, and will turn away from listening to the truth and wander off into myths.” — 2 Timothy 4:3-4

    You sir, have itching ears.

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