Archive for August 21st, 2014

URGENT >> BULLETIN >> MOVING: Brazilian Attorney Living In United States Calls TelexFree A Massive Pyramid- And Ponzi Scheme And Becomes Co-Plaintiff In Racketeering And Fraud Complaint Against Company, American Lawyers, Accountant And Vendors

URGENT >> BULLETIN >> MOVING: Brazilian Attorney Living In United States Calls TelexFree A Massive Pyramid- And Ponzi Scheme And Becomes Co-Plaintiff In Racketeering And Fraud Complaint Against Company, American Lawyers, Accountant And Vendors

URGENT >> BULLETIN >> MOVING: (1st Update 8:13 p.m. EDT U.S.A.) A Brazilian attorney living in Massachusetts and studying law in the United States is among the co-plaintiffs listed in a racketeering and fraud lawsuit filed yesterday against TelexFree, its officers and executives and accountant, MLM attorney Gerald Nehra and various financial vendors. The case […]

BULLETIN: Receiver For WCM777 MLM ‘Program’ Says California Lobbying Firm Received $750,000

BULLETIN: Receiver For WCM777 MLM 'Program' Says California Lobbying Firm Received $750,000

BULLETIN: (7th update 6:59 p.m. EDT U.S.A.) The court-appointed receiver in the SEC’s WCM777 pyramid- and Ponzi-scheme case says she is seeking court approval to pursue claims against a California lobbying firm that allegedly received $750,000 from accused scammer Ming Xu and performed no work. Some WCM777 MLM affiliates claimed $14,000 sent to the “program” […]

PONZITRACKER.COM: New Ponzi Scheme Uncovered Every 118 Hours; Alleged TelexFree Fraud Heads 2014 List

PONZITRACKER.COM: New Ponzi Scheme Uncovered Every 118 Hours; Alleged TelexFree Fraud Heads 2014 List

If you’re a student or educator or employee or boss with a traditional M-F schedule, chances are you’ll be hearing about a new Ponzi scheme before the final bell rings or the final whistle blows on Friday. During the first six months of 2014, a Ponzi scheme was discovered every 4.9 days (or every 118 […]