IFreeX

BULLETIN: (Updated 9:27 p.m. EDT U.S.A.) TelexFree and iFreeX figure Sann Rodrigues has been arrested in New Jersey, according to the Blog of Joaldro Dalla “Billy” Costa, citing a report on radio station WSRO 650 AM in Framingham, Mass. Billy’s story is in Portuguese. Here is the English translation by Google Translate. Rodrigues — listed […]

UPDATED 9:10 A.M. EDT U.S.A. It’s whack-a-mole via MLM or network marketing — again. There are reports in Thai media about a major pyramid/Ponzi bust involving a cross-border “program” known as “UFunClub.” (See links below.) No American suspects appear to have been arrested or named so far, but Americans have promoted UFunClub. One of them, […]

EDITOR’S NOTE: The MLM “program” known as Wings Network is alleged to have operated through two business entities that used the name “Tropikgadget.” The SEC’s case, announced Friday, is filed in U.S. District Court for the District of Massachusetts. That’s the same venue in which the agency’s epic TelexFree case was filed last year. There […]

UPDATED 2:14 P.M. ET U.S.A. It is not unusual for financial fraudsters to seek to rub elbows with famous people or to imply ties to them as a means of sanitizing purported “opportunities” or accenting their own bona fides. Recent examples of this include Florida-based Ponzi-schemer/racketeer Scott Rothstein, who mixed with the elite as his […]

1.) Reports began to surface late Thursday on Twitter and Facebook that TelexFree has been cleared by a judge of U.S. pyramid-scheme charges. These reports are false. Period. Perhaps to add credibility to the claim, a photo that appeared to depict a female TV reporter sitting in a studio was posted on Facebook. A computer […]

UPDATED 8 A.M. EDT U.S.A. New England Public Radio has a minute-long audio report on TelexFree, iFreeX and Sann Rodrigues, including comments from Massachusetts Commonwealth Secretary William Galvin. An NEPR text report is available here. Look under the byline of Kari Njiiri for a link to the audio report. Rodrigues, accused in April 2014 by […]

T-Mobile told the PP Blog today that it was looking into a situation in which images of Carly Foulkes appear to have made their way into a promo for iFreeX, an emerging “program” that became the subject of a scam warning by Massachusetts Commonwealth Secretary William Galvin yesterday. Foulkes, a Canadian model, is known colloquially […]

URGENT >> BULLETIN >> MOVING: Massachusetts Commonwealth Secretary William Galvin has issued a warning on an emerging scheme known as “IFreeX.” Like TelexFree before it, IFreeX is being pitched by two-time SEC pyramid-scheme defendant Sann Rodrigues and is being targeted at the Brazilian community. Rodrigues also is known as Sanderley Rodrigues de Vasconcelos, and individuals […]