Category: Uncategorized
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Missouri Raised ‘Grave Concerns’ Over TelexFree
The staff of the Missouri Public Service Commission raised “grave concerns” that permitting TelexFree’s telecom registration to remain intact in the state could “assist in the perpetuation of a fraud on investors,” records show. Missouri approved the registration in March 2014. TelexFree applied for it the previous month, according to records. Those records included a…
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URGENT >> BULLETIN >> MOVING: Court Grants Approval For Zeek Receiver To Sue International Winners
URGENT >> BULLETIN >> MOVING: A U.S. federal judge has approved a motion by the receiver in the Zeek Rewards Ponzi- and pyramid-scheme case to sue alleged “net winners” who live outside the United States. Receiver Kenneth D. Bell sought the authority “to file one or more actions in this Court and in foreign courts…
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Purported ‘Sovereign Citizen’ Who Bizarrely Claimed His Authority Came From ‘The Vatican’ Convicted Of Issuing Bogus Diplomatic Credentials
EDITOR’S NOTE: U.S. Immigration and Customs Enforcement (ICE) and Homeland Security Investigations (HSI) are referenced in the story about purported “sovereign citizen” James T. McBride below. ICE/HSI also are involved in the investigation of the alleged TelexFree Ponzi- and pyramid scheme. Whether TelexFree had any “sovereign citizens” in its ranks is unclear. “Sovereign citizens,” however,…
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FLASH: Globo.com: TelexFree-Related Ambush Shooting In Brazil
UPDATED 12:11 P.M. EDT U.S.A. A TelexFree member who recruited others into the MLM “program” has been shot and seriously wounded in an ambush in Brazil, Globo.com (Gazeta Online) is reporting this morning. Here is the link in Portuguese. Here is a Google Translation in English. Separately, there are reports in Peru that a TelexFree…
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Jailed Ponzi Schemer, 2 Family Members Indicted In Alleged Asset-Concealment Conspiracy; Cash Allegedly Hidden In ‘Ammunition Canister’; Case Follows On Heels Of Case In Which Now-Convicted Pitchman Tried To Duck Clawback Lawsuit
So, you want to hide assets from a court-appointed receiver in a Ponzi scheme case? And when the U.S. Secret Service asks questions, you want to lie? South Carolina Ponzi schemer Ronnie Gene Wilson — sentenced in November 2012 to serve nearly 20 years for the Atlantic Bullion and Coin Inc. fraud — has been…
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Trustee Confirms TelexFree Did Not Own Building
One of TelexFree’s alleged reality-distortion fields has been formally exposed. Perhaps you saw the recruitment promos (both corporate and affiliate) that planted the seed TelexFree was the sole occupant of a large building in Marlborough, Mass. Former President James Merrill was shown posing in front of the structure. A caption on TelexFree’s website read, “The…
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BOSTON GLOBE: Massachusetts Now Investigating EmGoldEx
If TelexFree, WCM777 and Wings Network were not enough, the office of Massachusetts Commonwealth Secretary William Galvin now is investigating the “EmGoldEx” program. The Boston Globe broke the story this morning. Galvin leads the Massachusetts Securities Division. From the Globe (italics added): Secretary of State William F. Galvin’s office is investigating the Andover operation of…
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URGENT >> BULLETIN >> MOVING: TelexFree Was Ponzi Scheme Selling Unregistered Securities, Accused Former Interim CFO Says
URGENT >> BULLETIN >> MOVING: (5th update 7:33 P.M. EDT U.S.A.) In a defense filing in the SEC’s securities fraud case against him, former TelexFree interim CFO Joseph Craft says he concluded TelexFree was a Ponzi scheme selling unregistered securities. The acknowledgement, which appears to be the first concession from the TelexFree inner circle that…
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Illinois Bans TelexFree Figure And Veteran HYIP Pitchwoman Faith Sloan From Selling Securities; Violation Of Ban Could Result In Felony Charge
Longtime HYIP huckster and TelexFree figure Faith Sloan has been banned by Illinois from selling securities. The prohibition order is dated June 9. It was issued by the Securities Department of Illinois Secretary of State Jesse White. The state found that Sloan, an Illinois resident, operated a TelexFree-related website and acted as an unregistered securities…