Tag: TelexFree Dominican Republic
-
DEVELOPING STORY: Did Colombian Narcotics Cartel Use TelexFree To Wash Cash?
Headline Updated 12:15 p.m. EDT Published reports in the Dominican Republic say authorities there are trying to determine if a man arrested in a Colombian money-laundering case involving the Clan Úsuaga narcotics cartel also was involved in TelexFree. Early reports are sketchy. Dominican media have identified the man as Jorge Mercedes Cedeño, describing him as…
-
URGENT >> BULLETIN >> MOVING: Bankruptcy Trustee Says TelexFree Was ‘Pyramid Scheme’ That Gathered As Much As $1.8 Billion
URGENT >> BULLETIN >> MOVING: (10th Update 8:53 p.m. ET U.S.A.) In his first formal report to the Massachusetts bankruptcy court, TelexFree Trustee Stephen B. Darr calls the company a “pyramid scheme” that may have involved 1 million or more participants globally and gathered as much as $1.8 billion through arms in the United States…