TelexFree claim no affiliate data, fined again
Following the filing of an appeal that was designed to stall legal action against TelexFree in Brazil, the company was fined R$10,000 ($4200 USD) for acting in “bad faith”.
Additionally Judge Borges also ordered the company hand over ‘data relating to the registration and operation of the accounts of each of the affiliates, including twelve months of retroactive data’.
TelexFree were given ten days to comply, however as of January 14th the company had failed to submit any affiliate data to the court.
Explaining why they hadn’t handed over the data, TelexFree ‘argued that they had no access to information about the registrations and transfers accounts of the promoters of (the company)‘.
Yes, you read that right. TelexFree are claiming they have “no access” to TelexFree affiliate data.
This excuse is made all the more amusing given that TelexFree owner, Carlos Costa, appeared in a YouTube video days before the initial order claiming to be surrounded by books containing said affiliate data:
TelexFree claiming not to have the data would mean they were lying about having the data. Far more likely though, and reasoning Judge Borges seems to have agreed with, is that once again TelexFree are stalling.
Judge Borges rejected TelexFree’s excuses and once again fined the company (specifically owner Carlos Wanzeler) R$10,000.
Documents submitted subsequently by (MP-AC) Prosecutor’s Acre revealed that one of the partners, responsible for creating the telexfree.com domain on the internet, would have access to this data.
The company has another five days to hand over the password to access TelexFree’s affiliate data, and 10 days to ‘submit other documents concerning the company‘.
It is believed Judge Borges is demanding TelexFree’s entire affiliate database because it will clearly reveal the company continuing to sign up Brazilian affiliates. Facing fines of R$100,000 ($42,300 USD) per Brazilian affiliate signed up or paid out, this in turn explains why TelexFree are reluctant to hand over the information.
The affiliate database might also help with potential money laundering issues between Brazil, the US and TelexFree’s offshore bank accounts.
Globo reached out to TelexFree lawyer Roberto Duarte for comment, but were told ‘the company will not (discuss their) position on the case. We will not talk about what happened‘.
Telling porky pies has unfortunately become a recurring theme within TelexFree management, with Carlos Costa having previously been caught out lying about Ponzi insurance contracts that didn’t exist.
And just two days ago Steve Labriola, TelexFree’s International Marketing Director (think Zeek Rewards’ Dawn Wright-Olivares), instructed affiliates to “disregard” any mention of a US regulatory investigation into the company. A message some TelexFree affiliates have taken to heart.
Ponzi queen and apex TelexFree investor Faith Sloan’s response to Marques’ investigation revelation was
How would Alessandra Marques, of the Acre Public Prosecutor’s Office know what she is alleged to know if she is not a USA government insider?
Why would the USA tell Alessandra Marques, of the Acre Public Prosecutor’s Office they are investigating TelexFREE?
I don’t profess to gauge Sloan’s literacy level but the answer to these questions was clearly evident in Alessandra Marques initial statement, as reported by Globo:
There is an investigation by authorities in Brazil and the United States over the actions of Telexfree.
There is a Brazilian Federal Police (investigation) in relation to the company, and research is occuring in Brazil and the United States.
I do not know how (the investigation) is progressing, but it exists. And it is natural that exists because (TelexFree) sends money abroad.
In addition other (agencies), such as the IRS, are also investigating.
Why would the Acre Public Prosecutor’s Office be in contact with US regulators? Try the fact that they are spearheading legal proceedings against TelexFree in Brazil. With charges leveled at the company including money laundering, it should be a no-brainer why the Acre PP’s Office would be in contact with US regulators.
TelexFree are registered in the US state of Massachusetts and use i-Payout for their e-wallet transactions. The company accepts deposits from affiliates and transfers money firstly through the US, and then to bank accounts held in undisclosed locations.
The notion that Marques wouldn’t know of a US investigation because she’s a “non-American”, well that’s about as flimsy as TelexFree arguing they have no access to their own affiliate data.
One point of contention is the mention of the IRS. In the Globo article this is translated from “Receita Federal”, which is the Brazilian equivalent.
Given the context of the article, that being US and Brazilian co-operation I’m inclined to state that Marques was simply using the Brazilian term for their tax regulators in reference to the US.
Nonetheless I’m aware of at least one Brazilian reporter attempting to clarify this (amongst other things) with Marques, but as of yet they haven’t been able to get a statement.
Regardless, even if you discount the IRS, Marques clearly reveals the existence of a US-based investigation. And when it comes to Ponzi busting in the US these days, although one agency’s name might be on papers filed in court, now more than ever it’s a joint-effort between multiple agencies.
The Financial Fraud Enforcement Task Force, who amongst other things investigate Ponzi schemes such as TelexFree, consists of the Secret Service, Homeland Security, the FBI, all the states Attorneys General, the IRS and virtually every Federal, state and local law enforcement agency.
Just last month the Department of Justice reiterated their stance on Ponzi schemes going into 2014. The DoJ issued a press release containing statements from the US Attorney’s Office, the Secret Service and the IRS Criminal Investigation Division:
“We will continue to work with our law enforcement partners to take down greedy scam artists who think nothing of stealing the savings of hard working people,” said U.S. Attorney Tompkins.
“As today’s technology continues to evolve, cybercriminals use these advances and enhancements to perpetrate an expanding range of crimes,” said Secret Service Assistant
Director of Investigations Paul Morrissey.
“As we have seen with this case, even with the increasing complexity of online Ponzi schemes, it remains difficult for criminals to remain anonymous.
The Secret Service continues to seek new and innovative ways to combat emerging cyber threats.
Our success in this case and other similar investigations is a result of our close work with our network of law enforcement partners.”
“This case shows that the appearance of success can be a mask for a tangled financial web of lies,” said Chief Richard Weber of the IRS Criminal Investigation Division. “The underlying structure can fall apart at any time and leave many investors in financial ruin.
Criminal Investigation is committed to investigating Ponzi schemes in an effort to protect the financial well-being of the American public.”
The “case” referenced by Paul Morrissey is that of Zeek Rewards, a $600M Ponzi scheme that, in a lot of ways, is similar to TelexFree.
Both schemes’ accept/accepted thousands of dollars of funds from affiliate investors and use/used the funds to pay out existing investors.
Both Zeek Rewards and TelexFree also down-played and attempt/attempted to mask the significance of this core investment business model mechanic by attaching (or attempting to in the case of Zeek Rewards), a series of unrelated third-party products and/or services to the model.
Meanwhile as it becomes increasingly evident that TelexFree have all but given up in Brazil and US affiliates run around trying to convince people the US isn’t interested in investigating Ponzi schemes, you then have the increasingly desperate Brazilian affiliates.
A resident of São Carlos, a city in western Santa Catarina, began an indefinite hunger strike on Wednesday the 15 along the railing of the Forum of Rio Branco, Acre, to which he chained himself.
The goal is to recover the £25,000 he invested in Telexfree.
Aerci Arreal Olm, 33, is not alone: most of the 700 people he recruited into Telexfree also have claims of financial losses.
“We had a number of people who received not even £1”, Olm said in an interview with iG.
You’ll have to forgive me but sympathy for Ponzi pimps is in rather short supply here at BehindMLM.
Meanwhile Faith Sloan ends her “Marques is not an ‘merkan'” rant with some advice I actually agree with:
Ladies and Gentlemen!! You know who you are. Please stop emailing me, facebooking me, skyping me and phoning me about rumours related to TelexFREE.
Go find out where the official transcript or audio of the alleged interview is. Or maybe try calling the radio station yourself. Look for references to DIRECT VERIFIABLE sources in terms of TelexFREE being investigated by the IRS.
One “direct verifiable source” would be the IRS themselves which, like Sloan, I wholly encourage TelexFree affiliates to get in contact with. It’s probably worth contacting other members of the Financial Fraud Enforcement Task Force too for comment.
If they ask you what TelexFree is, be honest and tell them the truth.
As per the slide above, tell them TelexFree is a company registered in Massachusetts that you deposited $289 – $15,125 (or more) into, on the promise and expectation of a $1040 – $57,200 (or more) annual return. A return paid out of funds deposited by subsequent investors.
Oh and don’t forget to mention TelexFree also pay you directly for convincing others to deposit funds into the scheme too.
Feel free to leave a comment below telling us how that goes… and be sure to thank Faith Sloan for the advice too.
I’m sure she’ll appreciate any official correspondence from “directly verifiable sources” being forwarded on. Just make sure they’re American though, as Sloan evidently hasn’t quite grasped the concept of foreign government agencies working together with the US.
Kind of ironic when you consider TelexFree use a communcation service to mask their AdCentral investment scheme.
The “help I haven’t been paid” discussion start spilling over on various “leader’s” social media profiles. This is always the beginning of the end and a bit of validation (or schadenfreude?) for us skeptics who keep warning all along.
On Faith Sloan’s profile, this just in:
I don’t know if Gamal Abd Elhameed Mousa sounds American enough for Sloan to take seriously. He probably lives in one of those funny countries that’s not America.
What would people outside America know about money anyway? Is Mousa an e-wallet insider? Why would TelexFree’s US-based e-wallet provider even advise a likely non-American and non-USA citizen about their money???
Oz… Sarcasm works poorly on the net. When you go sarcastic the sheeple go nuts. I think you’re too tired. 😀
And it keeps getting better and better.
The story, not TelexFree.
I take it the ‘hunger striker’ is weighing about 10 or 15 lbs. less by now.
When they carry TelexFree out on a stretcher, he’ll likely be on his way to nearby hospital if he makes it.
How SEC Investigations Work:
For more details see this link –> http://www.sec.gov/News/Article/Detail/Article/1356125787012#.UtgluPRDu68
i can see it now.
hello irs?
my name is nancy drew.
are you investigating telexfree?
and the irs will say yes nancy and we are investigating the catholics charities too.
the irs and the sec will not take a phone call and tell you that they have ongoing investigations. don’t be ridiculous. no one will get document evidence of what was in the radio station interview.
this is a stupid suggestion. too stupid.
so you still did not show any facts about a investigation. let us know when you have it and then show it to us.
you did not answer why the irs will tell a prosecutor in brazil that they are investigating telexfree. i do not believe that the irs will work with a brazil state prosecutor like her.
if it is true. then please show us where this is true instead of talking around it.
@Stupid
You can choose to ignore that an agency official who’s office is in a position to be working with US regulators has stated multiple times now that there is a US investigation into TelexFree, or you can accept it.
Asking for “proof” when it’s known US regulators do not comment publicly on open investigations is… well, stupid.
The Financial Fraud Enforcement Task Force is the broadest coalition of law enforcement, investigatory and regulatory agencies ever assembled to combat fraud.
The task force is composed of senior-level officials from the following federal departments, agencies and offices:
Department of Justice
U.S. Attorneys’ Offices
Department of the Treasury
Department of Commerce
Department of Labor
Department of Housing and Urban Development
Department of Education
Department of Homeland Security
Securities and Exchange Commission
Commodity Futures Trading Commission
Federal Trade Commission
Federal Deposit Insurance Corporation
Board of Governors of the Federal Reserve System
Federal Housing Finance Agency
Office of Thrift Supervision
Office of the Comptroller of the Currency
Small Business Administration
Federal Bureau of Investigation
Social Security Administration
Internal Revenue Service, Criminal Investigations
Financial Crimes Enforcement Network
United States Marshals Service
United States Postal Inspection Service
United States Secret Service
United States Immigration and Customs Enforcement
Recovery Accountability and Transparency Board
National Credit Union Administration
North American Securities Administrators Association
National Association of Attorneys General
National District Attorneys Association
Offices of Inspectors General and related Federal entities, including:
Department of Justice
Department of the Treasury
Department of Housing and Urban Development
Department of Homeland Security
U.S. Postal Service
General Services Administration
Small Business Administration
National Science Foundation
Federal Housing Finance Agency
Troubled Asset Relief Program
such other executive branch departments, agencies, or offices as the President may, from time to time, designate or that the Attorney General may invite.
(Bolding mine)
We don’t have any clear answer, but you were looking at it from the wrong perspective. You assumed a specific “direction” and direct contact between PP and IRS.
The Public Prosecutor in Acre should clearly not have any DIRECT contact with the IRS in the US. But she may have INDIRECT contact with “some agencies in the US”.
“Some agencies” in both countries will have direct contact with each other. The PP holds a position where she will have direct contact with the Brazilian “some agencies”. She will indirectly get SOME information.
Many parts of the TelexFree case in Brazil will indirectly involve the US, e.g. Brazilians violating the court order by joining TelexFree USA, transactions across borders.
Why not?
Maybe it is because you don’t WANT to believe.
Like Cypher in the Matrix, he prefers that non-existent “juicy steak”.
You are acting much like the Zeek rewards ponzi participants. days after its doors were closed by US Secret Service, someone put up a sign on its door “We forgive you! Please reorganize and save our dreams!”
They do not believe it’s a Ponzi scheme.
Kinda like you, now.
US has cooperated with police worldwide.
How did you think they closed Liberty Reserve in Costa Rica? Local police.
How did you think they caught Cory Papp the pedophile in Nicaragua? Local police.
How did you think they got David Murcia Guzman, the Colombian pyramid king? Local police (from Panama, even)
You want a case in Brazil? How about Kenneth Craig?
http://www.usmarshals.gov/news/chron/2011/062311.htm
You don’t think… because you are NOT THINKING.
Just the way the scammers like it. Starting thinking FOR YOURSELF, instead of what other people tell you to think.
Where do you get such notions? Do you just make them up?
Why not? Convince me.
Dear “Stupid People”:
Regarding your comment, I think I am uniquely qualified to answer your question-I have over 30 years of experience in the network marketing industry, am recognized as a knowledgeable and trusted industry leader with a proven track record of success, and with my best friend/partner, who also has more than 30 years of experience, have had combined teams of 1 million distributors, group sales of $2 billion, and well over $15 million USD earned in our past 3 companies. I think I know a little something about network marketing.
Second, I have over 15 years of extensive knowledge of and experience in regulatory compliance as it pertains to network marketing, having associated with and worked with 2 of the MLM industry’s top attorneys, one a prominent former state Attorney’s General. who is counsel for the largest MLM telcom company, and the other being the former lead international attorney for one of the top 10 biggest MLM companies in the world based on yearly sales!
So I think I know a little something about the what constitutes an illegal pyramid scheme in the eyes of regulators, what they look for in determining if a company/program is an illegal pyramid scheme, and the difference between a legitimate network marketing company and an illegal pyramid scheme from a legal point of view.
Third, prior to getting into the network marketing industry, I worked on Capitol Hill, and have first hand knowledge of and experience with regulatory agencies and how they operate, both on an inter-agency basis as well as with international counterparts. So I think I know a little something about U.S. regulators and how they work, both on a national and international basis.
As a footnote, my brother is with the U.S. Department of Justice! It’s his agency that goes to companies/individuals deemed to be operating an illegal pyramid scheme and they walk in, serve the legal papers, seize the computers and company records, padlock the doors, and if necessary, take individuals into custody.
I only highlight all of the above because I am continually amazed at the number of people like you, who make uninformed, misinformed comments, and who have little to no knowledge of and experience in network marketing, especially as it relates to regulatory compliance, who want to argue with people like me!
My first comment would be: Where do you come up this stuff? Where do you get these uninformed, misinformed, opinions?
My second comment would be: what do you and those like you in TelexFree have against research and reading? Common sense and a few Google searches would tell you that you’re sadly mistaken in your comments! Of course, not that the information and facts would matter. Half the time they misinterpret and misanalyze what they do read, and the other half of the time they decide to go ahead and ignore the facts and keep promoting a program that is an obvious pyramid scheme in the first place!
(I can give any one of about 5-10 different ways that regulators, primarily the FTC and SEC, will likely use to shut down TelexFree International. I won’t do it in this post because it would take a book, plus we want to stay focused on the topic at hand, but as a primer, read about and review the shutting down by U.S. regulators of Zeek Rewards and Ad Surf Daily! Both companies had similarities to TelexFree!)
Almost all the time, even after providing the documentation, since they know they can’t win the argument because facts always trump an opinion, they resort to calling you a hater, claim you’re just jealous, or that you’re just being negative. That’s their retort! It’s called denial! Talk about oblivious to reality!
So, here’s the answer to your uninformed, misinformed statements and opinions:
“I do not believe that the IRS will work with a Brazil state prosecutor like her.” Well, you are wrong! She’s a prosecutor in the Brazilian justice system. She’s undoubtedly working with her counterparts in the U.S. Department of Justice (DOJ). The IRS works closely with the the DOJ. Here is a direct quote from the IRS website: “IRS Criminal Investigation works closely with the Department of Justice (DOJ) to shutdown scams and prosecute the criminals behind them.”
Do I have to draw you a picture as to why she would either be interacting with the DOJ and IRS or have knowledge of Brazilian/U.S. cooperation that would involve the IRS? U.S. agencies don’t divulge to the general public whether or not an investigation is underway-that’s certainly not the case when you’re talking about joint inter-governmental investigations.
Of course she is in a position to know! First, she could have requested U.S. cooperation on her own! Brazil would have to supply the DOJ with a variety of concerns as well as information, and if she/they requested that U.S. authorities look into the matter, the U.S. authorities would automatically start an inquiry, especially when it relates to what is being called the largest pyramid scheme in the history of Brazil, and when you’ve got the principals behind the Brazilian operation now operating in the United States! Do you have any common sense?
Regarding IRS involvement, I would suggest you read up on FACTA (Foreign Account Tax Compliance Act). “Objectives of This Regulatory Action According to the IRS:”
First, it ensures that the IRS can, in appropriate circumstances, exchange information relating to tax enforcement with other jurisdictions (meaning countries!). In order to ensure that U.S. taxpayers cannot evade U.S. tax by hiding income and assets offshore, the United States must be able to obtain information from other countries regarding income earned and assets held in those countries by U.S. taxpayers.
Under present law, the measures available to assist the United States in obtaining this information include both treaty relationships and statutory provisions. The effectiveness of these measures depends significantly, however, on the United States’ ability to reciprocate.
The United States has constructed an expansive network of international agreements, including income tax or other conventions and bilateral agreements relating to the exchange of tax information (collectively referred to as information exchange agreements), which provide for the exchange of information related to tax enforcement under appropriate circumstances.
These information exchange relationships are based on cooperation and reciprocity. A jurisdiction’s willingness to share information with the IRS to combat offshore tax evasion by U.S. taxpayers depends, in large part, on the ability of the IRS to exchange information that will assist that jurisdiction (meaning country) in combating offshore tax evasion by its own residents.
Like the United States, a number of foreign governments are keenly interested in addressing money laundering and offshore tax evasion by their own residents and need tax information from other jurisdictions, including the United States, to support their efforts.
These regulations will facilitate intergovernmental cooperation on FATCA implementation by better enabling the IRS, in appropriate circumstances, to reciprocate by exchanging information with foreign governments for tax administration purposes.” Who is the source for this information? You’re going to love this! The IRS! http://www.irs.gov/irb/2012-20_IRB/ar07.html
Do you comprehend what you just read? If you still think that either the IRS wouldn’t be working with her or the Brazilian Justice Department, or that she wouldn’t likely have any knowledge of such a joint effort between Brazilian authorities and U.S. authorities, then you have no common sense and are delusional!
In fact, it’s likely that not only is the IRS involved as well as the FTC and SEC, but the U.S. Secret service as well! Why the Secret Service? Because the Brazilian entity, TelexFree, is under investigation for money laundering in Brazil!
Quoting a prosecutor, the website of iG — a Brazilian communications provider — is reporting that the TelexFree MLM “program” allegedly diverted $88 million offshore after a judge in the state of Acre blocked payments Where do you think that some of that money might have went to? Maybe to start and fund operations in the U.S! Do you think it’s likely that wire transfers and other types of transactions were involved? Duh! Well guess who has jurisdiction? The U.S. Secret Service! They investigate:
“Financial crimes that include, but are not limited to, financial institution fraud, false identification documents, access device fraud, advance fee fraud, computer and telecommunications fraud, electronic funds transfers and money laundering as it relates to the agency’s core violations”.
Source: http://www.secretservice.gov/opportunities_agent.shtml
The Brazilian authorities would naturally contact the agencies in the U.S. that would oversee matters such as this, among them the IRS and U.S. Secret Service, to see if any of that $88 million ended up in bank accounts set up in the U.S! (These same agencies by the way were involved in the shutting down of Zeek Rewards recently!)
Furthermore, as noted above, there is also cooperation between a number of federal agencies (I won’t bother to repeat the rather long list of those that are part of the Federal Financial Fraud Task Force, as well as cooperation between federal agencies and those on a state/local level, i.e., state attorneys generals, state police, etc.
Second, the principals behind the U.S. entity, TelexFree International, are the ones who own the Brazilian entity, TelexFree. Do I need to draw you a map as why the the IRS and Secret Service would be interested?
Here, let me help you out! Individual/s own Brazilian company that’s shut down in Brazil for being an illegal pyramid scheme. Same individuals flee to the U.S. and start up an identical program. Said individuals are under investigation for money laundering in Brazil, with funds possibly having ended up in the U.S. Duh!
Third, it is rather common knowledge that TelexFree International reps are circumventing the court order in Brazil that prohibits TelexFree in Brazil from recruiting new people and paying commissions to them by having people in Brazil sign up under TelexFree International so that they can keep building a business and earn money. It’s nothing but an elaborate shell game being played that any U.S. regulator will be able to see through in a New York second!
Since you would have banks, wire transfers, and other transactions taking place, it would fall under the jurisdiction of the U.S. Secret Service, which up until 2003 was a division of the U.S. Treasury Department, and now is a division of the Homeland Security Department.
In addition, the IRS would be interested in seeing where are commissions and bonuses going to in terms of countries, the amounts, etc., as that has both U.S. and foreign tax implications for the company and individual reps.
Finally, the IRS is the least of TelexFree International’s problems. They need to be much more concerned with the Federal Trade Commission (FTC) and the Securities and Exchange Commission (SEC) as it is likely that those will be the agencies that actually end up shutting down TelexFree International for being an illegal pyramid scheme! What the IRS finds would just be icing on the cake, the nail in the coffin.
And the SEC would easily have TelexFree International by the balls. Using statements like “guaranteed income,” using terms like “ROI,” “investment,” etc., in print materials or verbally in presentations, automatically now qualifies whatever you are selling to be a “security” in the eyes of the SEC, which you have to be registered and licensed to do, and when they come knocking and you can’t provide a securities license, you’re toast! And you can find these types of words and statements plastered all over the Internet and on social networking websites like Facebook!
And I won’t get into a number of other ways they’ll get hammered by the SEC! The FTC will have a field day with improper claims like “100% of reps get paid weekly,” “Everybody makes money in TelexFree,” “You can make money without having to recruit anyone or sell anything,” not to mention the obvious “front end load” taking place, which is encouraging people to spend up to $15,000 on the purchase of multiple packages as a means to make more money each week.
There are so many regulatory red flags in TelexFree and TelexFree International that it should be at the front of a Russian parade!
So, you don’t need to be a genius to figure out that the Brazilian prosecutor is either working directly with or indirectly with her counterpart at the U.S. Department of Justice and that there is likely not only an inter-country investigation underway, but within the U.S. an inter-agency investigation, as was the case with Zeek Rewards.
You also don’t need to be a genius to figure out that in lieu of the legal action taken in Brazil, the legal action taken in the U.S. against Zeek Rewards and Ad Surf Daily, and the fact that Brazil has already likely requested U.S. cooperation, that an investigation is likely taking place, and due to the similarities between TelexFree and Zeek Rewards and Ad Surf Daily, you don’t need to be a rocket scientist to figure out what the likely outcome would be of such a U.S. investigation!
Common sense alone would tell you that if you had any basic understanding of regulatory compliance, what constitutes an illegal pyramid scheme in eyes of agencies like the FTC, SEC, and others, and if you had any knowledge of prior cases like Zeek Rewards and Ad Surf Daily!
Thanks for the explanation, Ken. However, arguing with Ponzi “true believers” is a lot like talking into an open box. You won’t even hear an echo. 😀
We the critics, are rarely believed.
When Randy Schroeder pointed at Zeek and said Ponzi (long after Oz and us here), people said he’s just pushing Monavie.
We (Oz, M_N, I, Glim, Hoss, the regulars) have been telling the tales of caution, and been call so many names, by people from so many different schemes, we’ve lost count. Some even went as far as creating blogs and websites to slander us. 🙂
Others tried “reputations managers” to shut us up. Or even lawyers sending nastygrams.
When tons of analysts looked at Madoff and said “that’s not right…” nobody believed it… Not even WSJ.
Their mind’s made up much like a cult members. They no longer think for themselves. It’s like Mythbusters “I reject your reality and substitute my own.”
Right now they’re probably thinking you’re just some self-appointed liar or even Oz or I under a shill name. 😉
Ken,
Thanks for the informative post. It was a pleasure to read. If there’s a “Best of Behind MLM” your post should be included.
@Ken Stewart
Thanks for the informative post. It contained a lot of valuable information.
BTW, the $88 million transaction was later corrected to $101.7 million in 2 transactions, and those 2 transactions were stopped. Both involved around $50 million USD to 2 TelexFree related companies (VoxBras and another one).
Potential money laundering or tax evasion is more likely to be about other transactions than the $101.7 millions.
Does anyone happen to have any screen shots or links that demonstrate TelexFree International reps signing up people in Brazil and circumventing the Court order in Brazil?
Let’s just say I have a few people that would love to see that info!
If Oz permits me leaving my email address, please send to me as soon as possible!
kenstewartcalling@hotmail.com