James Merrill guilty plea prompts TelexFree victim claim extension
The TelexFree victim claim portal went live earlier this year in May.
In September, the TelexFree Trustee sought an extension to the claim deadline. This request was approved, with an extension for filing victim claims granted until December 31st, 2016.
With the deadline only a few weeks ago, the Trustee has again sought a deadline extension.
James Merrill, co-owner of TelexFree, plead guilty to wire fraud last month. He is currently scheduled to be sentenced next year in February.
the publicity that will be associated with the sentencing of Mr. Merrill and the forfeiture of seized assets might further encourage some (TelexFree) Participants who have not previously filed (a claim) to do so.
The new claim deadline sought was March 15th, 2017.
On December 9th a hearing on the matter was scheduled for December 21st, at which it’s expected the Receiver’s motion will be granted.
Update 23rd December 2016 – Following a hearing on December 21st, the TelexFree victim claim deadline has been extended to March 15th, 2017.