Day: May 8, 2014
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Faith Sloan, An Asset Freeze And A Frozen Cocktail
A federal judge in Boston today imposed a preliminary injunction and maintained an asset freeze on alleged TelexFree promoter Faith Sloan. Sloan, 51, apparently was bored by the heavy court matters 1,000 miles to the east. A post on her Twitter account asserts she took in a late lunch and swigged a “Swamp Thing” at…
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BULLETIN: TelexFree Chapter 11 Case Now In Hands Of Massachusetts Court
BULLETIN: The TelexFree Chapter 11 bankrupcy case filed in Nevada last month now has been formally transferred to Massachusetts and has been assigned to U.S. Bankruptcy Judge Melvin S. Hoffman of the Central Division in Worcester. U.S. Bankruptcy Judge August B. Landis of Nevada ordered the case transferred to Massachussetts earlier this week. The SEC…
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BOSTON GLOBE: Massachusetts Issues Subpoena To Wings Network ‘Program’
3rd Update 12:58 P.M. EDT U.S.A. The office of Massachusetts Commonwealth Secretary William Galvin has issued a subpoena to Wings Network, the Boston Globe is reporting. From the Globe (italics added): “We attended one of their events,’’ Galvin said. “We had heard from some investors who, in light of TelexFree, had become concerned — and…