EDITORIAL: SEC Announced TelexFree Prosecution 1 Year Ago Today, But Many MLMers Have Missed Or Ignored The Lessons

UPDATED 7:10 A.M. EDT APRIL 18 U.S.A. A year has passed since the U.S. Securities and Exchange Commission announced the prosecution of TelexFree. Here’s the lede from the PP Blog’s story on April 17, 2014: The U.S. Securities and Exchange Commission (SEC) has filed charges against the alleged TelexFree pyramid scheme and a federal judge […]
BULLETIN: More TelexFree-Related Raids In Brazil

BULLETIN: In a follow-up to July’s “Operation Orion,” federal authorities in Brazil today conducted more TelexFree-related raids based on evidence uncovered during the first raids. A statement in Portuguese by Receita Federal — the Brazilian equivalent of the IRS — said it was aided by Brazilan federal police (Polícia Federal) and federal prosecutors (Ministério Público […]
SPECIAL REPORT: Prior To Brazil’s TelexFree-Related ‘Operation Orion,’ United States Used Same Name In Sting; U.S. Department Of Homeland Security Has Office In Brasilia And History Of Cooperating With Brazilian Investigators

If you’ve been following TelexFree developments, you’ve probably heard about “Operation Orion,” the code name for the investigation that led to raids against TelexFree’s Ympactus arm last week by the Brazilian federal police. The Orion name was chosen, police said, because it fit splendidly within the context of a pyramid-scheme case. How so? The Pyramids […]
REPORT: TelexFree-Related Police Raid In Brazil

UPDATED AT 11:10 P.M. EDT U.S.A. JULY 28, 2014: Globo.com (Brazil) is reporting that police raided the headquarters of Ympactus this morning in a law-enforcement action dubbed “Operation Orion.” The story suggests raids also were carried out elsewhere and that Brazilian tax authorities are involved in the actions. Ympactus is the Brazilian affiliate of TelexFree […]