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Tag: TelexFree

**[UNCONFIRMED]** Report In Brazil Says Prosecutors Have Asked U.S. Court To Block TelexFree Accounts, New Signups **[UNCONFIRMED]**

**[UNCONFIRMED]** A report in Brazilian media translated by Google Translate from Portuguese to English says that prosecutors in Brazil have asked a U.S. court to prevent new members from joining TelexFree and to block the accounts of TelexFree figures Carlos Wanzeler, James Merrill, Carlos Costa and Lyvia Wanzeler. The PP Blog could not immediately confirm…

Aug 12, 2013
How Bizarre Will MLM Get? YouTube Video That Drives Traffic To Empower Network Feeds On Name Of ‘CashCropCycler’ And Trades On Images Of White House, Obama And Biden

EDITOR’S NOTE: Our thanks to reader “Tony” for pointing out the video described below. UPDATED 9:26 A.M. EDT (SEPT. 10, U.S.A.): How bizarre will MLM get? Well, there may be no ceiling: A 2:47 video animation playing on YouTube depicts U.S. Vice President Joe Biden as a recent enrollee in the CashCropCycler HYIP “program” who…

Aug 12, 2013
EDITORIAL: Want To Build Your U.S. TelexFree Downline While An Active Pyramid-Scheme Investigation Is Under Way In Brazil? Ignore Or Downplay The Probe And Tell A ‘Carlos Danger’ Joke

EDITOR’S NOTE: TelexFree has two executives named Carlos — Carlos N. Wanzeler, and Carlos Costa. Neither of them is “Carlos Danger.” TelexFree, an MLM “opportunity,” has been under investigation in multiple states in Brazil since at least late June. There have been reports of death threats against a judge and a prosecutor — and there…

Aug 4, 2013
REPORTS: Prosecutor In TelexFree Case Threatened With Death

There are reports in Brazilian media that a prosecutor in the state of Acre has received death threats over her role in the TelexFree investigation and is receiving police protection. TelexFree, which has a U.S. arm in Massachusetts, purports to be in the communications business. The MLM company is under investigation in multiple states in…

Jul 25, 2013
REPORTS: TelexFree Blocks Members’ Access To Back Offices, Claims Hacking Attempts

UPDATED 6:23 P.M. EDT (U.S.A.) There are at least three reports in Brazilian media today that say TelexFree has blocked members’ access to their back offices. A company attorney said the blockages were necessary because hackers had attempted an intrusion, according to reports in Portuguese translated to English by Google Translate. Here is a link…

Jul 17, 2013
Full Statement Of SEC On Criminal Conviction, Restitution Order And Civil Liability Of ‘Serial’ HYIP Ponzi Pitchman Matthew J. Gagnon

EDITOR’S NOTE: As the PP Blog reported Wednesday, HYIP Ponzi-scheme pitchman Matthew John Gagnon has been sentenced to five years in federal prison. On Thursday, the SEC released the statement reproduced below. Here’s hoping it will be the shot heard around the HYIP Ponzi World. Still pushing HYIPs on your websites and social-media sites, in…

Jul 12, 2013
TelexFree Affiliates Gave AdSurfDaily-Like Coaching Tips, Instructed Prospects To Make Deposits At Bank Of America — And To Copy Slips To ‘Team Leader’s’ Gmail Address For ‘Expedited’ Service; TelexFree Also May Have TD Bank Account

“On or about July 14, 2008, [an undercover agent] opened an ‘upgraded member’ account with [AdSurfDaily]. ASD directs new members either to mail a money order or cashier’s check to its Florida office, or to deposit a certified check, money order or cash at ‘your nearest branch of Bank of America,’ directly into ASD’s BOA…

Jul 8, 2013
UPDATE: Statue Of Jesus Christ Used In TelexFree Promo On YouTube

Depictions of Jesus Christ were used in the Profitable Sunrise and the equally bizarre “Cash Tanker” HYIP schemes — and now are being used in promos for TelexFree, an MLM “opportunity” under investigation in Brazil amid pyramid-scheme and securities concerns. It looks as though the statue of Christ the Redeemer in Rio de Janeiro has…

Jul 7, 2013
Notes/Analysis On TelexFree: A Little Like AdSurfDaily/AdViewGlobal, TextCashNetwork, Zeek Rewards, Profitable Sunrise And World Marketing Direct Selling

UPDATED 10:22 P.M. EDT (U.S.A.) The purported TelexFree “opportunity” is under investigation by multiple agencies in Brazil, its purported base of operations despite competing claims the company is headquartered in the United States. The notes below concern TelexFree’s U.S. presence and positioning. They are presented in no particular order of importance. TelexFree says it is…

Jul 4, 2013
REPORT: TelexFree Diverted $88 Million After Brazilian Judge Blocked Payments

UPDATED 1:04 P.M. (JULY 5, U.S.A.) Quoting a prosecutor, the website of iG — a Brazilian communications provider — is reporting that the TelexFree MLM “program” allegedly diverted $88 million after a judge in the state of Acre blocked payments as a pyramid-scheme probe got under way last month. TelexFree also operates in the United…

Jul 3, 2013
BULLETIN: ‘PerfectMoney,’ Fraud-Scheme Processor Purportedly Based In Panama, Says It Is Banning U.S. Customers

BULLETIN: On the heels of the apparent shutdown of Costa Rica-based Liberty Reserve as part of an international money-laundering investigation, “PerfectMoney” says it is banning users from the United States. Perfect Money purportedly operates from Panama. (More below.) In an announcement dated today on its website, Perfect Money says that “due to changes in our…

May 25, 2013