Tag: TelexFree
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Full Statement Of SEC On Jailing Of Sann Rodrigues
EDITOR’S NOTE: As the PP Blog reported yesterday, TelexFree figure Sann Rodrigues has been jailed. The SEC today released a litigation statement on the matter and related developments. It is reproduced below in its entirety. **__________________________** Florida Resident Ordered to Jail Based On Violating Court Orders Obtained by the SEC The Securities and Exchange Commission…
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BULLETIN: Sann Rodrigues, TelexFree Figure, Ordered Jailed
BULLETIN: (2nd Update 10:46 P.M. ET U.S.A.) TelexFree figure Sann Rodrigues has been ordered jailed. The order, dated Jan. 15, was issued by U.S. District Judge Nathaniel M. Gorton of the District of Massachusetts. Gorton found Rodrigues in civil contempt last month for violating an asset freeze. Rodrigues did not purge the contempt by Jan. 15, so Gorton ordered the…
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TelexFree Trustee’s Proposed Class Actions May Affect Nearly 100,000 Alleged ‘Winners’ Globally
It’s another MLM legal and PR catastrophe. Let’s begin with the numbers, which are staggering: In two separate actions on Jan. 15, TelexFree bankruptcy Trustee Stephen B. Darr sued 56 named alleged “winners” in the MLM Ponzi- and pyramid scheme believed to have generated about $3 billion in corrupt, cross-border economic activity. These 56 promoters…
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URGENT >> BULLETIN >> MOVING: TelexFree Figure Sann Rodrigues Found In Contempt Of Court
(4th Update 7:23 p.m. ET U.S.A.) TelexFree, IFreeX and DFRF Enterprises’ figure Sann Rodrigues has been found in contempt of court in the SEC’s Ponzi- and pyramid case against TelexFree and a federal judge in Massachusetts has threatened to jail him. The SEC alleged Rodrigues, a recidivist securities offender, violated an asset freeze imposed in 2014.…
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BULLETIN: ‘TeamVinh,’ A Ponzi-Board ‘Program,’ Charged By SEC
BULLETIN: (8th Update 3:34 p.m. ET U.SA.) The SEC has gone to federal court in Minnesota, alleging that an enterprise known as “TeamVinh” that pushed something called “VPAKs” was operating a securities-fraud scheme targeted at MLMers. TeamVinh, which allegedly recruited more than 5,600 participants, has a presence on the Ponzi boards, including MoneyMakerGroup and TalkGold. Recent chatter suggests the…
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Watch The Trailer For ‘Madoff’ And Think About How You Could Have Avoided Schemes Such As Zeek And TelexFree
ABC has made available the first trailer for “Madoff,” a network miniseries debuting Feb. 3, 2016. Richard Dreyfuss plays the notorious Ponzi schemer, with Blythe Danner starring as Ruth Madoff. Bernard Madoff’s name first appeared on the PP Blog nearly seven years ago, on Dec. 13, 2008. It has appeared numerous times since then. Says…
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Listen To Famed Attorney Jan Schlichtmann Talk About TelexFree Class Action
Jan Schlichtmann is famous in legal circles. If you’ve never heard of him, perhaps you’ve heard of the actor who played him on the big screen: John Travolta. The film title was “A Civil Action,” with Travolta starring alongside Robert Duvall. The movie was based on the best-selling novel by Jonathan Harr. Schlichtmann has led a…
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TRAGIC REPORTS IN BRAZIL: TelexFree Prosecutor Found Dead
UPDATED 1:22 P.M. ET U.S.A. There are reports in Brazil that a prosecutor who worked on a TelexFree action in that country has been found dead inside her apartment. She has been identified as Nicole Gonzales Colombo Arnoldi, 35, of the state of Acre. The government of Acre has issued a statement of sympathy (in Portuguese) on…
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URGENT >> BULLETIN >> MOVING: TelexFree Was Ponzi And Pyramid Scheme, Judge Rules
URGENT >> BULLETIN >> MOVING: Chief U.S. Bankruptcy Judge Melvin S. Hoffman of the District of Massachusetts has ruled TelexFree a Ponzi and pyramid scheme. It is the first such ruling by a U.S. Court and was issued on Thanksgiving Eve. The ruling was requested on Oct. 7 by Stephen B. Darr, the court-appointed TelexFree trustee.…