Carlos Costa

PP Blog Tag archives on references to "Carlos Costa."

BULLETIN: James Merrill of TelexFree Sentenced To 6 Years In Federal Prison

BULLETIN: James Merrill of TelexFree Sentenced To 6 Years In Federal Prison

BULLETIN: (8TH UPDATE 3:57 P.M. EDT U.S.A.) James Merrill, the former president of the TelexFree Ponzi- and pyramid scheme, has been sentenced to six years in federal prison. U.S. District Judge Timothy S. Hillman ordered the sentence, which was four years less than what prosecutors in the office of Acting U.S. Attorney William D. Weinreb of the […]

Merrill’s U.S. Plea Requires Him To Cooperate With Brazilian Federal Police

Merrill's U.S. Plea Requires Him To Cooperate With Brazilian Federal Police

If Brazil’s Federal Police wish to ask him about TelexFree’s involvement in wire fraud and an underlying conspiracy, James Merrill is required to provide a “complete and truthful proffer,” according to the terms of his plea agreement with U.S. prosecutors in Massachusetts. Merrill, 55, of Ashland, Mass., also is required to cooperate with U.S. agencies that […]

TelexFree Trustee’s Proposed Class Actions May Affect Nearly 100,000 Alleged ‘Winners’ Globally

TelexFree Trustee's Proposed Class Actions May Affect Nearly 100,000 Alleged 'Winners' Globally

It’s another MLM legal and PR catastrophe. Let’s begin with the numbers, which are staggering: In two separate actions on Jan. 15, TelexFree bankruptcy Trustee Stephen B. Darr sued 56 named alleged “winners” in the MLM Ponzi- and pyramid scheme believed to have generated about $3 billion in corrupt, cross-border economic activity. These 56 promoters […]

SPECIAL REPORT: MyAdvertisingPays, Zeek Figures Sued In TelexFree Class Action; AdSurfDaily And Zeek Cases Cited Repeatedly; Alleged ‘Private Jet’ Also Referenced In 200-Page Complaint

SPECIAL REPORT: MyAdvertisingPays, Zeek Figures Sued In TelexFree Class Action; AdSurfDaily And Zeek Cases Cited Repeatedly; Alleged 'Private Jet' Also Referenced In 200-Page Complaint

EDITOR’S NOTE: Certain reports by the PP Blog that are available to any person with an Internet connection are referenced in a consolidated, amended prospective class-action complaint that makes claims against various defendants with an alleged association with TelexFree. Information from other publicly available sites, including BehindMLM.com, RealScam.com and others, also is referenced. The purpose […]

In TelexFree Trustee’s Probe, Advisers Turn To Cross-Border Zeek Case For Guidance

In TelexFree Trustee's Probe, Advisers Turn To Cross-Border Zeek Case For Guidance

Billing records in the TelexFree bankruptcy case show that advisers to court-appointed Trustee Stephen B. Darr held an hour-long teleconference with McGuireWoods, counsel to Zeek Rewards’ receiver Kenneth D. Bell. This appears to mark the first time that Zeek’s name has surfaced in TelexFree-related court matters. The two cross-border MLM/network-marketing fraud schemes allegedly gathered a […]

EDITORIAL: SEC Announced TelexFree Prosecution 1 Year Ago Today, But Many MLMers Have Missed Or Ignored The Lessons

EDITORIAL: SEC Announced TelexFree Prosecution 1 Year Ago Today, But Many MLMers Have Missed Or Ignored The Lessons

UPDATED 7:10 A.M. EDT APRIL 18 U.S.A. A year has passed since the U.S. Securities and Exchange Commission announced the prosecution of TelexFree. Here’s the lede from the PP Blog’s story on April 17, 2014: The U.S. Securities and Exchange Commission (SEC) has filed charges against the alleged TelexFree pyramid scheme and a federal judge […]

[PART 1]: CLAIM: Major TelexFree Promoter Operated Out Of New York City Beauty Salon And Marriott Hotel

[PART 1]: CLAIM: Major TelexFree Promoter Operated Out Of New York City Beauty Salon And Marriott Hotel

“Because that’s where the money is.” — Classic rejoinder attributed to Brooklyn-born criminal Willie Sutton, reportedly after he was asked why he robbed banks. The often-quoted line may or may not be apocryphal. (Also see “Sutton’s Law” on the need to consider the obvious and “When you hear hoofbeats, think of horses not zebras.”) UPDATED […]

In Response To Search Warrant In TelexFree Case, YouTube Delivers 45GB Of Data

In Response To Search Warrant In TelexFree Case, YouTube Delivers 45GB Of Data

2ND UPDATE 9:18 A.M. ET FEB. 13 U.S.A. On Oct. 16, 2014, Google was served a search warrant in the TelexFree criminal case against accused operators James Merrill and Carlos Wanzeler, according to joint court filings by federal prosecutors in the office of U.S. Attorney Carmen M. Ortiz of the District of Massachusetts and Robert […]

TelexFree Figure Carlos Costa Trounced At Polls For Seat In Brazilian Congress

UPDATED 9:32 P.M. EDT U.S.A. TelexFree figure Carlos Costa of the state of Espírito Santo appears to have come up far short in his bid to win a seat in Brazil’s 513-member federal Chamber of Deputies, the equivalent of the U.S. House of Representatives. Although final numbers appear not to be available yet, more than […]

TelexFree Figure Carlos Costa Suffers Heart Attack

TelexFree Figure Carlos Costa Suffers Heart Attack

EDITOR’S NOTE: On Sept. 4, a PP Blog reader who understands Portuguese posted a link to a Globo.com story that confirms from a medical source that Carlos Costa suffered a heart attack on Sept. 2 and is being treated at Meridional Hospital in Cariacica in the state of Espírito Santo. Here is a link in […]

REPORT: TelexFree-Related Police Raid In Brazil

REPORT: TelexFree-Related Police Raid In Brazil

UPDATED AT 11:10 P.M. EDT U.S.A. JULY 28, 2014: Globo.com (Brazil) is reporting that police raided the headquarters of Ympactus this morning in a law-enforcement action dubbed “Operation Orion.” The story suggests raids also were carried out elsewhere and that Brazilian tax authorities are involved in the actions. Ympactus is the Brazilian affiliate of TelexFree […]