BULLETIN: Feds Make Another TelexFree Arrest, Find $20 Million Hidden In Box Spring
BULLETIN: Federal authorities have arrested a man and have found $20 million allegedly linked to TelexFree in a box spring in an apartment in Westborough, Mass. Agents have seized the cash and charged Cleber Rene Rizerio Rocha, 28, with conspiring to commit money-laundering. Rocha may be a Brazilian national with ties to a nephew of TelexFree […]
URGENT >> BULLETIN >> MOVING: Judge Begins Process Of Ordering Judgments Against Zeek Net Winners; Millions Awarded So Far, Millions More Pending
URGENT >> BULLETIN >> MOVING: At long last, there is a spectacular crack in the ceiling of MLM HYIP Ponzi Land! Senior U.S. District Judge Graham C. Mullen of the Western District of North Carolina has begun the process of ordering judgments against Zeek Rewards’ winners sued by receiver Kenneth D. Bell, according to the docket of […]
BehindMLM.com Expects Accessibility Issue To Be Resolved Dec. 10
We’ve received inquiries about why some readers have not been able to access BehindMLM.com. Oz, the editor there, has reported on the site that the ETA for a fix is Dec. 10. Hosting issues began several days ago. Although not all readers have been able to access the site, Oz has posted some updates on […]
TelexFree Trustee Hopes Merrill’s Guilty Plea And Sentencing Will Spark More Claims; Darr Asks Judge To Extend Filing Deadline Until March
UPDATED DEC. 22, 2016: The court has extended the claims deadline until March 15, 2017. Earlier story below . . . ** _____________** With the Dec. 31 filing deadline for TelexFree claims fast approaching, court-appointed Trustee Stephen B. Darr has asked the court to extend the deadline until March 15, 2017. Chief Bankruptcy Judge Melvin […]
Bogus Magazine Cover Depicts Alleged Ponzi Schemer Charles Scoville Of Traffic Monsoon As 2016’s Best CEO
DISCLOSURE: The PP Blog is a Google publisher. A bogus cover of Forbes magazine circulating on Facebook depicts SEC Ponzi defendant Charles Scoville of Traffic Monsoon as the “BEST” CEO of 2016 — all while misspelling his last name. The image, which falsely showcases the Forbes’ issue as a “LIMITED EDITION,” appears today on the […]
In Immigration Fraud Case, TelexFree Figure Sann Rodrigues Sentenced To Time Served And 2 Years’ Supervised Release
UPDATED 1:56 P.M. ET U.S.A. TelexFree figure Sann Rodrigues could have been sentenced to 10 years for immigration fraud. Instead, he was sentenced yesterday to time served. The office of U.S. Attorney Carmen Ortiz of the District of Massachusetts said early this afternoon that Rodrigues ended up spending 57 days behind bars after his May […]
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 […]
James Merrill, TelexFree’s President, Pleads Guilty
3RD UPDATE 2:56 P.M. EDT OCT 25 U.S.A. James Merrill, the president of TelexFree, has pleaded guilty to eight counts of wire fraud and one count of conspiracy in Massachusetts federal court. Merrill, 55, of Ashland, Mass., is scheduled to be sentenced in February. “The significance of a guilty plea in a case of this magnitude cannot […]
URGENT >> BULLETIN >> MOVING: TelexFree’s James Merrill To Plead Guilty, Reports Say
9TH UPDATE 2:08 P.M. EDT U.S.A. U.S. District Judge Timothy S. Hillman’s calendar shows a plea hearing for TelexFree operator James Merrill at 2:30 p.m. Monday at the federal courthouse in Worcester, Mass. The Boston Globe, citing the “U.S. Attorney,” is reporting Merrill will plead guilty “to fraud and other charges.” The Telegram & Gazette also is reporting […]
WCM777 Receiver Proposes To Disallow Huge Percentage Of Claims; Some ‘Leaders’ Allegedly ‘Perpetrated Their Own Side Scheme’
Because we’re writing about the uber-bizarre HYIP wing of MLM/direct sales, we’ll emphasize at the beginning of this story that the WCM777’s receiver’s recommendation to a federal judge to disallow nearly 85 percent of filed claims DOES NOT MEAN she gets to pocket the money from the disallowed claims. HYIP hucksters are infamous for recklessly […]
Firm In Which TelexFree Figure Faith Sloan Allegedly Hid Money Charged With Fraud In Separate Case
UPDATED 12:14 P.M. EDT U.S.A. Back in April 2014, the SEC charged online huckster Faith Sloan with fraud for pushing the TelexFree scheme. Two month later, in June 2014, the SEC accused Sloan of violating the TelexFree asset freeze by sending nearly $15,000 to an online scheme known as Changes Worldwide LLC for the purchase of “business […]