Feb. 5 TelexFree Bankruptcy Conference Is Canceled; Judge Orders Public Posting Of Trustee’s Report

newtelexfreelogoUPDATED 5:42 A.M. ET FEB. 5 U.S.A. U.S. Bankruptcy Judge Melvin S. Hoffman has canceled a status hearing set for tomorrow in the TelexFree bankruptcy case.

Hoffman further has ordered the report filed yesterday by TelexFree Trustee Stephen B. Darr to be posted publicly. Although the report already was posted, Hoffman’s order appears to underscore his desire to make sure it is widely read.

Darr said yesterday that TelexFree, a purported VOIP company involved in multilevel marketing, may have involved more than 1 million participants globally and gathered as much as $1.8 billion in about two years. The trustee flatly called TelexFree a pyramid scheme.

“In light of the detailed status report, the status conference scheduled for 2/5/2015 in these cases is canceled,” Hoffman wrote in an order today. “Kurtzman Carson Consultants LLC is odered to make a copy of this status report available for viewing by the public via the Kurtzman Carson website.”

KCC now is providing links to Darr’s status report in two places — in a PDF on the lead page of filings, and on a TelexFree information page.

Read Feb. 3 PP Blog report on Darr’s filing.

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