-
UNBELIEVABLE: Bundle Of 550 TelexFree ‘AdCentrals’ Advertised For $16,760, A Purported Discount Of $8,190; Purchaser Will Receive ‘Minimum’ Guaranteed Payout Of $56,100 — And Maybe Even $110,000, Pitch Claims
UPDATED 12:14 P.M. EDT (U.S.A.) Being under investigation in Brazil and Massachusetts and getting kicked out of Rwanda apparently isn’t viewed in MLM La-La Land as a strong-enough clue that it’s time to give up the TelexFree ghost. Or maybe it is — and the TelexFree-related fire sales have begun. It wouldn’t be the first…
-
In Face Of International Probes And Legal/PR Disaster In Africa, TelexFree Launches PR Campaign That Only Raises More Questions
UPDATED 9:24 A.M. EDT (MARCH 22 U.S.A.) TelexFree, alleged to be a pyramid scheme using a VOIP product as a front to mask an investment program, has been under investigation in Brazil since at least June 2013. There’s also an ongoing securities probe in Massachusetts. The government of Rwanda, meanwhile, has announced it booted a…
-
Washington State Rejects TelexFree Bid To Register As Telecommunications Firm
The Washington State Utilities and Transportation Commission has rejected a bid by TelexFree LLC to register as a telecommunications company. TelexFree LLC is not registered as a corporation in Washington state and therefore is ineligible to be registered as a telecommunications firm in the state, the commission said in a finding dated March 13. How…
-
Government Of Rwanda, Citing Pyramid And Money-Laundering Concerns, Bans TelexFree Enterprise After Joint Probe With Nation’s Central Bank
The Ministry of Trade and Industry of the Republic of Rwanda has announced that a TelexFree enterprise has been banned in the country after a joint investigation with the National Bank of Rwanda, the nation’s central bank. Central banks control monetary policy in their respective countries. Other examples of central banks include the Bank of…
-
REPORT: TelexFree Subjected To $30 Million (U.S.) Tax Penalty In Brazil
UPDATED 9:46 P.M. EDT (U.S.A.) The video below of TelexFree executive Carlos Costa is in Portuguese. In this particular circumstance, the Google facility to translate captions from Portuguese to English didn’t do much to aid our comprehension. Perhaps one of our readers skilled in both Portuguese and English could provide a summary below of Costa’s…
-
In Alberta, 1 in 3 Report Being Approached With A Possible Fraudulent Investment, Securities Commission Says
Carefully checking and protecting before investing is part of the theme behind Fraud Prevention Month in Alberta, the Alberta Securities Commission said today. As part of its initiative, ASC rolled out a noontime “free lunch” in Calgary. The agency said it used the Mighty Skillet food truck at City Hall “to offer Calgarians a free…
-
INVESTOR ALERT: Statement From Alabama Securities Commission On High-Yield ‘Opportunities,’ Bitcoin, Iraqi Dinars — And More
EDITOR’S NOTE: This statement from the Alabama Securities Commission is dated March 12, 2014. The PP Blog has applied in-house formatting elements to the statement. Other than that, the statement is verbatim. INVESTOR ALERT – Understanding high-risk investments What you don’t know CAN hurt you! MONTGOMERY, ALABAMA (March 12, 2014) As our state’s and the…
-
Greater Dallas Firm Allegedly Sold Unregistered Securities, Pooh-Poohed Qualification Criteria — And Accepted Bitcoin Without Disclosing Risks
“Far from verifying that purchasers of the company’s investments are accredited, [Balanced Energy President Kirk] Johnson, according to the order, said ‘we don’t do any verification’ and ‘we’re not the paperwork police,’” — Texas State Securities Board, March 11, 2014 Balanced Energy LLC, an oil-and-gas firm based in the Dallas-Fort Worth suburb of Southlake, is…
Got any book recommendations?