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 is filed as an adversary action in the TelexFree bankruptcy case in Massachusetts.
Rafaela G.P. Serrano, the attorney and co-plaintiff, also is the trustee of the “TelexFree Settlement Trust,” according to the lawsuit. She alleges TelexFree was a massive international Ponzi- and pyramid scheme. The complaint lists her as “the former president of the Brazilian Immigrant Center, in Boston, Massachusetts, which is the largest Brazilian workers and immigrants’ rights nonprofit organization serving immigrants in the U.S.”
She is currently enrolled at Northeastern University School of Law in Boston.
Serrano’s entry into the TelexFree bankruptcy fray appears to be the first by a Brazilian legal scholar on U.S. domestic soil.
From the complaint (italics added):
Ms. Serrano has been playing a leadership role within the immigrant community in Massachusetts and other states in the U.S. participating in training workers about their rights, safety, and leadership skills; lobbying and participate in law making/changing in Massachusetts; outreaching community members through radio shows and visits to churches.
Her co-plaintiff is Paulo Eduardo Ferrari, a TelexFree member who says he was swindled.
TelexFree and various vendors have been named in multiple prospective class-action lawsuits that allege racketeering and fraud.
Read the Aug. 20 complaint.
Quick note: An allegation from the complaint against Carlos Costa, a Brazil-based TelexFree figure:
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Costa was an outspoken advocate against the Brazilian Court’s decision to enjoin TelexFree’s Brazilian activities, and publicly supported TelexFree’s illegal and corrupt activities . . . Costa is videoed displaying an Insurance Notification representing that it was proof of coverage for investors’ returns; however, in actuality the document was a notification denying coverage.
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Patrick
Patrick, I thought the document you refer was actually an insurance proposal suggested FROM Telexfree to Mapfre.
TF wrote the proposal, put their logo AND MAPFRE’S LOGO on it, and even before sending it o Mapfre, they recorded that video declaring it was a SIGNED INSURANCE CONTRACT.
At least that’s the information that I have. I think maybe is a good idea to confirm your information. I’m pretty sure of my ‘version’.
Hugs.
If you’re right about this, then the artifice is even worse than the class-action attorneys allege. The YouTube URL cited in the complaint now has this message: “This video is unavailable. Sorry about that.”
Thanks for your note, DMPontes.
Patrick
Yes, the facts speaks for themseves. There’s another interesting development on this. Later on, in another video, Costa mention this matter in the most pathetic fashion: He comment something like “some folks (promoters) were claming that we have a contract with Mapfre, people please don’t say that, that’s not true, ok ?”
Well sorry Patrick, Is too late here I go to go, I’m really falling into my bed. But tomorrow I’ll try to find those videos and of course I’ll post here.
Greetings
Hi Patrick, here it goes…
I found this perfect short compilation, with both videos a refered last post. (Important: The screen notes are the title references to original Telexfree videos) :
https://www.youtube.com/watch?v=q2A2IsAPd0I
This is from a brazilian news website. You can also find excerpts of Mapfre’s official reply there:
http://economia.ig.com.br/2013-06-24/contrato-de-seguro-com-a-telexfree-e-falso-afirma-mapfre.html
I Hope it helps to clarify.
Greetings.