Month: May 2014
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TOPIC TELEXFREE: View Wall Street Journal Spreecast Featuring PonziTracker’s Jordan Maglich
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UPDATE: TelexFree Figure James Merrill Will Remain Jailed; [MAY 21 DEVELOPMENT: Merrill’s Brother Subpoenaed In State Probe, Boston Globe Reports]
(UPDATED 11:30 A.M. EDT MAY 21 U.S.A. See Update at bottom of this brief, originally published May 20.) TelexFree figure James Merrill was unable to persuade a federal magistrate judge to free him, the PP Blog has learned. Judge David Hennessy declined Merrill’s bail application today, the office of U.S. Attorney Carmen Ortiz said moments…
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UPDATE: TelexFree’s James Merrill Remains In Custody
UPDATED 8:14 p.m. EDT U.S.A. James Merrill, the onetime president of TelexFree arrested and detained May 9 on wire-fraud conspiracy charges, was not freed at a bail hearing today and will remain in custody. “The judge took the matter under advisement,” the office of U.S. Attorney Carmen Ortiz of the District of Massachusetts said early…
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BULLETIN: Feds Say Carlos Wanzeler Left U.S. For Canada On Same Day Homeland Security Raided TelexFree Offices; Alleged Fugitive Then Flew To Brazil On Date His Home Was Raided; Wanzeler’s Wife Arrested As Material Witness After Telling Agents Husband Was Staying In Hotel
(10th Update 10:53 p.m. EDT U.S.A.) Federal agents arrested Massachusetts resident Katia Wanzeler at John F. Kennedy International Airport in New York yesterday after “someone in Brazil” purchased her a “one-way ticket” two days ago and paid cash, the U.S. Department of Homeland Security alleges in an affidavit. Katia, the wife of alleged TelexFree fugitive…
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UPDATE: FOR SPEAKERS OF SPANISH OR PORTUGUESE: SEC’s TelexFree Complaint Now Available In Your Language
Update: SEC press release, complaint re TelexFree pyramid scheme now available in Spanish and Portuguese: http://t.co/SJ4X4lSKaz — SEC_News (@SEC_News) May 15, 2014 Link for Spanish: http://www.sec.gov/enforce/Article/telexfree-press-release-and-complaint-spanish-version.html Link for Portuguese: http://www.sec.gov/enforce/Article/telexfree-press-release-and-complaint-portuguese-version.html
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BULLETIN: REPORT: Wanzeler’s Wife Arrested; [UPDATE: U.S. Attorney’s Office Confirms Arrest]
BULLETIN: (6th update 6:10 p.m. EDT U.S.A.) There are reports on Twitter, citing a Boston Globe story, that the wife of accused TelexFree figure Carlos Wanzeler has been arrested at an airport. The office of U.S. Attorney Carmen Ortiz of the District of Massachusetts confirmed the arrest to the PP Blog at 11:46 a.m., saying…
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BULLETIN: Special Master Compares Zeek Case To Madoff, Stanford And Enron
BULLETIN: With the MLM world only now coming to grips with the alleged $1.2 billion TelexFree Ponzi- and pyramid fraud, the special master in the Zeek Rewards criminal action has compared the Zeek case to the Bernard Madoff and Allen Stanford Ponzi schemes and the notorious Enron securities swindle involving former CEO Jeffrey Skilling. Special…