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Tag: TelexFree

BULLETIN: Tata Group, Famous Business Concern In India, Says Fraudsters Trading On Its Name To Push HYIP Scheme; Purported Agriculture ‘Program’ Has Presence On The Ponzi Boards

BULLETIN: (3rd Update 8:32 a.m. ET, Feb. 20 U.S.A.) The Tata Group, a global conglomerate based in India, says its name has been stolen by an HYIP Ponzi scheme. The fraud scheme is associated with a domain styled TataAgro.com and has a presence on the MoneyMakerGroup, TalkGold and DreamTeamMoney Ponzi forums, according to search results.…

Feb 18, 2014
TELEXFREE LA-LA LAND: Promo For Alleged Pyramid Scheme’s International Convention Is Voiced By Former SEC Defendant (In Pyramid-Scheme Case) — And Uses Images Of Pyramids Of Giza And American MLM Lawyer

U.S.-based TelexFree, alleged in Brazil to be a massive pyramid scheme, is serving up a heaping helping of strangeness. For starters, a promo for TelexFree’s International Convention set for Spain next month is being voiced by Sann Rogrigues, whom the SEC successfully sued in 2006 amid allegations he was operating a pyramid scheme and engaging…

Feb 18, 2014
REPORTS: Authorities In Brazil Have Isolated Computer Allegedly Used In Ghastly Campaign Against Prosecutor Involved In TelexFree Pyramid Case

There are reports in Brazilian media tonight that authorities may be on the cusp of identifying the person responsible for using Facebook in a ghastly campaign to menace a prosecutor involved in the TelexFree pyramid-scheme probe. Quoting investigators in the state of Acre, Globo.com is reporting that authorities have isolated the computer used in the…

Feb 13, 2014
MORE FROM MLM LA-LA LAND: Former SEC Defendant In Pyramid-Scheme And Affinity-Fraud Case To Headline TelexFree Event In Spain

Calling Sann Rodrigues its “TOP PROMOTER IN THE WORLD,” the alleged TelexFree pyramid scheme curiously has announced that Rodrigues will be a headliner at a TelexFree rah-rah session in Spain on March 1 and 2. An image of Rodrigues now rolls across TelexFree’s website. But the promo does not mention that Rodrigues was successfully sued…

Feb 6, 2014
EDITORIAL: When MLM Is PR Poison: Footnote In Zeek Receiver’s Most Recent Filing Harkens Back To Scam Of Yesteryear — Also, Does Unrelated ‘Agape World’ Case Provide Clues About Tax Scam Within Ponzi Scam At Zeek?

Ah, those serially disingenuous MLM hucksters and commission-based Ponzi pitchmen: They’ll ultimately destroy their own brands while picking millions of pockets. Before doing so, they’ll use your brand as a temporary means of sanitizing themselves, bring PR disasters to your legitimate company and perhaps even find an insidious way to turn the government into their…

Feb 2, 2014
Will Portugal Be Next Country To Open TelexFree Probe?

Citing reports in Brazilian media, BehindMLM.com is reporting that authorities in Portugal are monitoring TelexFree developments and beginning to collect documents. The development may signal that yet-another probe into TelexFree’s business practices is in the offing, potentially the first in Europe. From BehindMLM.com (italics added): According to the local media there are currently 41,000 TelexFree…

Jan 21, 2014
SporTV Video Shows That TelexFree, An Alleged Pyramid Scheme, Is Using A Shared Office Facility In Massachusetts With At Least 25 Other Firms

UPDATED 9:21 A.M. ET (FEB. 22, 2014 U.S.A.) As the PP Blog reported on July 4, 2013, TelexFree is using a shared office facility in Marlborough, Mass. Promoters of TelexFree, alleged in Brazil to be a massive pyramid scheme that may be using a VOIP product as a front, have shown photos of TelexFree President…

Jan 15, 2014
REPORTS: Now, A TelexFree-Related Hunger Strike; Man Locks Himself In Chains In State Of Acre, Site Of Pyramid-Scheme Probe

UPDATED 4:07 P.M. ET (JAN. 17, USA) Globo.com is reporting that the hunger strike has ended — after nearly 42 hours. See note/links in Comments thread. Our original brief is below . . . The URLs below are from various media sites in Brazil that are reporting on a hunger strike staged by a TelexFree…

Jan 15, 2014
REPORT: Flap Over TelexFree Soccer Club Deal Deepens; Botafogo’s Main Sponsor Reportedly Does Not Want Its Name Associated With Alleged Pyramid Scheme

MLM’s HYIP wing appears to have triggered another PR disaster for the trade: Guaraviton, a longtime sponsor of the Botafogo soccer club in Rio de Janeiro, may be none too pleased with the club’s deal that brought on TelexFree as a No. 2 sponsor. TelexFree is under investigation in Brazil, amid allegations it is a…

Jan 11, 2014
With Carlos Costa Gesticulating Wildly, TelexFree, An Alleged Pyramid Scheme, Says It’s Now A Soccer Benefactor

What do you do when a Brazilian court freezes money and blocks new registrations for your “program” in that country, amid serious pyramid-scheme allegations? Well, if you’re TelexFree, you file losing appeal after losing appeal. And then, while continuing the pyramid battle, you change your logo so no one can get the idea you ripped…

Jan 9, 2014
MORE TELEXFREE DISCONNECT: Columnist At Jornal.US News Service Reports That TelexFree Promoters Are Being Coached On Using Proxies And Supplying Bogus Info To Register

A columnist at Jornal.US News Service is reporting in Portuguese that TelexFree members are receiving instructions on how to register for the “program” by using location-masking proxies and bogus information on their countries of residence. Here is the English translation by Google Translate. TelexFree has been the subject of a pyramid-scheme probe in Brazil since…

Jan 8, 2014