UPDATED 11:25 A.M. EDT U.S.A. Something calling itself “TelexMOB” has established a web presence this month. A logo resembling that of TelexFree — an alleged Ponzi- and pyramid scheme said to have gathered $1.8 billion across national borders — appears on the site.
BehindMLM.com was first with the news today.
The PP Blog has sent requests for comment to three government agencies and to Stephen B. Darr, the court-appointed trustee in the TelexFree bankruptcy case. The Blog will post the responses, if received.
Update 10:10 a.m. EDT U.S.A. “I have no comment, since I have no knowledge of TelexMOB,” Darr said in an email this morning.
Update 11:25 a.m. EDT U.S.A. The U.S. Securities and Exchange Commission this morning declined to comment on TelexMOB. (Original story continues below . . .)
It is not unusual for knockoff schemes to emerge in the HYIP sphere in the aftermath of a collapse, a disappearing act or a government action. Examples of this include the infamous JSSTripler 2 scheme, a scam riding on the name of the JSSTripler/JustBeenPaid scheme, which advertised an annual return of 730 percent in 2012.
Content appears on the TelexMOB website in English and Portuguese. Some of the English is fractured. A 16-page pdf handout on the site is written in Portuguese. The last two words in the pdf, however, are in English.
“Welcome Back,” it reads, potentially a direct appeal to TelexFree participants.
The site appears to be using a New Zealand privacy service. The servers may be in the United States.
JSSTripler 2 was memorable for reasons beyond its knockoff name. In January 2012, for example, it sparked legendary HYIP huckster Faith Sloan to call “Ken Russo,” another legendary huckster, a “crybaby.”
A claim of Dengue Fever accompanied the JSSTripler2 scheme.
Sloan published a JSSTripler 2 earnings calculator. She’d later become a defendant in the SEC’s civil case against TelexFree, filed in April 2014.