DEVELOPING STORY: Reports Of TelexFree-Related Arrests In Dominican Republic

By 11:26 am May 2, 2014

(2ND UPDATE 11:39 A.M. EDT U.S.A.) In the hours leading up to a key appearance by TelexFree in Bankruptcy Court in Nevada today, there are reports in Dominican media that a TelexFree-related police raid occurred in San Pedro de Macoris and that arrests were made.

TelexFree is accused in the United States of operating a combined Ponzi- and pyramid scheme that gathered more than $1.2 billion.

Also see this report.

Categories: Alleged Ponzi Schemes, The Economy, Uncategorized, Writing And Branding
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4 Responses to “DEVELOPING STORY: Reports Of TelexFree-Related Arrests In Dominican Republic”

  1. admin
    May 2, 2014 at 12:17 pm |

    Also see:

    http://eldia.com.do/allanan-la-residencia-del-cabecilla-de-telexfree/

    http://circo26.blogspot.com/2014/05/allanan-vivienda-de-carlos-vanderpool.html?spref=fb

    Patrick

  2. admin
    May 2, 2014 at 5:22 pm |

    Now, report of probe in Portugal:

    http://www.rtp.pt/noticias/index.php?article=734725&tm=6&layout=122&visual=61

    Patrick

  3. admin
    May 2, 2014 at 5:40 pm |

    Appears to be conflicting reports on subject of arrests in Dominican Republic. Might have been brief detentions at site of police raid.

    http://www.elcaribe.com.do/2014/05/02/allanan-casa-del-principal-promotor-telexfree-spm

    Patrick

  4. Gil
    May 3, 2014 at 9:30 am |

    this is true because that is the street where I live

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