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 time that members of an HYIP tried to sell their holdings while regulators were circling.
At least in the United States, one of the TelexFree issues is whether the purported “opportunity” is selling unregistered securities as investment contracts. That’s bad enough.
But things potentially could get worse. Individual TelexFree members now may be creating bundles of securities and fueling even more questions about a dangerous TelexFree black market.
An ad for a package of 550 TelexFree AdCentrals appears on a site known as “TripleClicks.” The asking price? $16,760.
Good grief.
The bundle, according to the ad, ships from the United States.
“You Save: $8,190.00 (33%),” the ad contends.
It goes on to say this (italics added):
1) you will pay 16,760$ to get a value of 24,950$ of voip subscription that you can use by your self
2) you will earn up to 110,000$ in one year (minimum guarantee 100% 56,100$ only posting 55 adtext for day)
3) You will get a lot of Vpoints that will be useful for your SFI Business
4) you will be refunded 100% if within about 18 weeks you will not have fully recovered the money spent initially. If of course you did all needed to get back money (it mean 30 minutes copy and paste everyday without sponsoring or sale nothing at all)
so nothing to loose here but only to get…
How the “refunding” would be accomplished wasn’t explained. The ad suggests, however, that TelexFree would “repurchase” the packs over time.
In addition, the ad contends that BehindMLM.com, a site that reports on emerging MLM frauds, has “what I believe is a more skeptical perspective on what is going on behind the Telexfree name.” The ad that bundles TelexFree “AdFamily” packs then asks and answers its own question:
“Does Telex Free Work? I confidently say it works, with Capital Y as in Yes! You see this company has a track record already.”
Visit BehindMLM.com. Among other things, BehindMLM has reported on money-laundering allegations involving TelexFree.