DEVELOPING STORY: Reports Of TelexFree-Related Arrests In Dominican Republic

(2ND UPDATE 11:39 A.M. EDT U.S.A.) In the hours leading up to a key appearance by TelexFree in Bankruptcy Court in Nevada today, there are reports in Dominican media that a TelexFree-related police raid occurred in San Pedro de Macoris and that arrests were made.

TelexFree is accused in the United States of operating a combined Ponzi- and pyramid scheme that gathered more than $1.2 billion.

Also see this report.

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4 Responses to “DEVELOPING STORY: Reports Of TelexFree-Related Arrests In Dominican Republic”

  1. Appears to be conflicting reports on subject of arrests in Dominican Republic. Might have been brief detentions at site of police raid.

    http://www.elcaribe.com.do/2014/05/02/allanan-casa-del-principal-promotor-telexfree-spm

    Patrick

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  2. this is true because that is the street where I live

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