telexfree-logoAs part of the bankruptcy proceedings initiated by TelexFree’s owners, the company was required to file Schedules of Assets and Liabilities.

Owing the bankruptcy proceedings being initiated in order to dissolve Ponzi ROI liabilities and head off a civil and criminal investigation into the company, these schedules were never filed.

Receiving absolutely no assistance from TelexFree’s owners and due to complications arising from data seized by various agencies investigating the scam, it’s taken some time for the court-appointed Receiver to finally put together an accurate list of TelexFree’s creditors.

Here, for the first time, we get to see a list of not only affiliates who TelexFree owed money too, but also the third-party businesses who got involved with the scam and should have known better.

Note that in both the instances of TelexFree affiliates and third-party businesses, that the records put together by the Trustee are from a combination of claims filed by the named parties and TelexFree’s own (poorly kept) records.

The full list of TelexFree creditors ‘contains 1,894,940 Participant names, spanning 35,110 pages (and)  has been included on a separate disc.‘

I don’t have access to that disc but included with the financial scheduling filing are presumably the top creditors and debtors on that list.

First, we have the third-party businesses who got involved with TelexFree, when even the most superficial of due diligence should have revealed the existence of a $1.8 billion Ponzi scheme.

For reasons unknown, these companies either willfully ignorant of the evident red flags or simply chose to hedge their bets and ignore them.

  • Babener and Associates (MLM lawyers) – paid $283,000 between the 21st of January to the 21st of February 2014
  • Editora Globo (Brazilian publishing house whose parent company is the largest mass media group in Latin America) – paid $174,684 on the 6th of February 2014
  • Garvey Schubert Barer (lawyers) – paid $532,503.50 between 22nd January and 6th of March 2014
  • GreenbergTraurig (lawyers) – paid $624,823 between 18th of February and 26th of March 2014
  • Impact This Day Inc. (MLM “people management” company, Chairman is Stuart Macmillan who helped orchestrate TelexFree’s bankruptcy farce) – paid $84,363.32 between 28th of February and 14th of March 2014
  • ISG Telecom Consultants LLC (owned by Joseph Isaacs and assisted TelexFree with telecommunications registrations) – paid $377,519 between 21st of January and 14th of March 2014
  • Craft Financial Solutions LLC (owned by Joseph Craft, disgraced accountant who worked for TelexFree as Chief Financial Officer) – paid $1.93 million between 25th of June 2013 and 14th of March 2014
  • Craft Trust Services LLC (also owned by Joseph Craft) – paid $371,889 between 3rd of December 2013 and 19th February 2014

On the affiliate side of things, creditors owed payments they requested are listed.

There’s a ridiculous number of names on the list included with the schedules, which in itself is only a fraction of the names on the full CD list.

As such I’ve only included a handful that are of significant interest (based on the dollar amounts, sorted by country).

Australia

  • Elisabeth Walters – $41,655 between the 7th of February and 28th of March 2014

Baker Island

  • Mihail Medvedovsky – $20,041 between 28th of February and 28th of March 2014

Belarus

  • Alina Patroinaya – $16,444.88 on the 28th of March 2014

Belgium

  • Paul Christiaen – $26,133.35 on the 28th of March 2014

Bolivia

  • Edgar Guzman Paz – $22,193 between the 14th of March and 4th of April 2014
  • Rutenio Sa De Oliveira – $21,384 between 21st of March and 4th of April 2014

Canada

  • Gurpreet S Randhawa – $37,835.14 between 17th of January and 4th of April 2014
  • Harry Bretschneider – $36,667.83 between 17th of January and 4th of April 2014
  • James O’Brien – $19,900 between 17th of January and 14th of February 2014
  • Michael Williams – $24,000 between 21st of March and 4th of April 2014
  • Simion Rozenberg – $20,754 between 24th January and 4th of April 2014

China

  • Li Hehua – $25,000 on 21st of February 2014

Colombia

  • Jose David Jaramillo Restrepo – $15,005 on 4th of April 2014

Dominican Republic

  • Abdiel Taveras Angomas – $17,501.44 between 28th of March and 4th of April 2014
  • Aramis Mejia – $33,638 between 21st of March and 4th of April 2014
  • Carlos Orlando Pina – $50,839 between 28th of March and 4th of April 2014
  • Carlos Paulino – $29,116.44 between 21st of January and 4th of April 2014
  • Carlos Pina – $62,056 between 28th of March and 4th of April 2014
  • Elvis Janer De Aza – $20,000 between 28th of March and 4th of April 2014
  • Ernesto Jose Baez Candelario – $44,698.20 on 4th of April 2014
  • Fausto Fermin – $20,000 on 4th of April 2014
  • Felipe Mateo De Jesus Olivares Caputo – $34,000 on 4th of April 2014
  • Janser Rodriguez – $20,029 between 31st January and 4th of April 2014
  • Joel Marcelino – $19,698 on the 4th of April 2014
  • Joel De Jesus Javier – $41,000 between 28th of March and 4th of April 2014
  • Johnnatan Dishmey Cuevas – $18,500 between 21st and 28th of March 2014
  • Julian Nunez – $40,000 on 4th of April 2014
  • Junior Ramses Reyes Lizardo – $33,970 on 4th of April 2014
  • Kerlin Guerrerero Reinoso – $17,129 on 4th of April 2014
  • Nestor Miguel Rodriguez Mejia – $22,526.79 between 28th of Mach and 4th of April 2014
  • Yahaira Rachide Nuñez De Castro – $26,750 between 28th of March and 4th of April 2014
  • Yovanka Zapata – $22,350 between 21st of March and 4th of April 2014

Egypt

  • Bahaa Altali – $33,985 between 28th of March and 4th of April 2014
  • Noha Elsharawy – $18,436.79 between 31st of January and 7th of March 2014

France

  • Emmanuel Cyril Rã©Gis Roujolle (sic) – $53,175.92 between 17th of January and 4th of April 2014

Germany

  • Faith Jael Gohar – $18,709.67 between 21st of February and 14th of March 2014
  • Guenther Souvard – $18,752 on 21st of March 2014
  • Ivan Varenic – $34,550.51 between 21st and 28th of March 2014
  • Jean Pales Cordeiro – $27,548.61 between 7th of February and 4th of April 2014

Ghana

  • Awuku-Aboagye Richard – $55,300 between 7th of February and 14th of March 2014

Hong Kong (China)

  • Chung Ka Yan Vivienne – $18,000 between 28th of March and 4th of April 2014
  • Ho Lai See Alice – $25,000 between 24th of January and 28th of March 2014
  • Leyie Wong – $33,348.37 between 28th of February and 4th of April 2014
  • Mei Yi Fan – $60,535 between 31st of January and 4th of April 2014
  • Ou Zhao Ji – $30,296.21 between 21st of February 2014 and 4th of April 2014

India

  • Divya Rajen Mehta – $19,175 between 28th of February and 21st of March 2014
  • Hariharan Sivaraman – $43,013 on 28th of March 2014

Indonesia

  • Alfredo Winarta – $29,700 on the 4th of April 2014
  • Handry Kurniawan – $21,000 on the 4th of April
  • Markus Gunawan – $19,149.53 on the 4th of April 2014

Italy

  • Alberto Lanza – $23,279.27 between 31st of January and 4th of April 2014
  • Alessandro Calvi – $18,200 on 4th of April 2014
  • Alessio Mastrini – $18,813 on 28th of March 2014
  • Anna Maria Livellara – $16,500 on 4th of April 2014
  • Antonio D’Andrea – $24,443.27 between 31st of January and 28th of March 2014
  • Antonio Urso – $18,281 between 21st of March and 28th of March 2014
  • Battista Crasto – $95,000 between 28th of February and 28th of March 2014
  • Claudio De Luca – $18,900 between 28th of March and 4th of April 2014
  • Emanuele Bonaddio – $18,559.27 on 4th of April 2014
  • Fabrizio Armato – $16,000 on 4th of April 2014
  • Francesco Giocoli – $32,500 on 28th of March 2014
  • Francesco Vivarini – $21,270 between 17th of January and 4th of April 2014
  • Giacomo Sclano – $20,147 between 24th of January and 28th of March 2014
  • Gianfranco Pinna – $115,000 between 31st of January and 28th of March 2014
  • Giovanni Del Re – $17,824.65 between 17th of January and 28th of March 2014
  • Graziana Siliari – $20,151.60 betwen 14th of February and 28th of March 2014
  • Gualdi Gian Battista – $17,398 on 24th of February 2014
  • Maurizio Esposito – $29,238.72 between 28th of March and 4th of April 2014
  • Paola Stefanini – $22,485 between 24th of January and 28th of March 2014
  • Paolo Teoldi – $26,565.56 between 24th of January and 4th of April 2014
  • Pasquale (sic) – $75,532.94 between 17th of January and 21st of March 2014
  • Pier Giuseppe Andorno – $18,963 between 7th of February and 4th of April 2014
  • Roger Pappini – $19,186 on 28th of March 2014
  • Sabina Liberatore – $26,000 between 7th and 21st of March 2014
  • Shorena Kurkhuli – $22,632 between 28th of March and 4th of April 2014
  • Silvia Casarin – $23,100 on 4th of April 2014
  • Vuiassinovich Trifone – $21,310 between 21st of March and 4th of April 2014

Japan

  • Carla Vanessa Fuziyama – 26,561 on 4th of April 2014
  • Masanori Abe – $27,912.27 between 21st of February and 21st of March 2014
  • Osamu Nogami – $30,000 on 17th of January 2014

Jordan

  • Ma’Moun Muhsen – $23,600 on 28th of March 2014

Malaysia

  • Beh Shao Min – $37,931 between 7th of February and 4th of April 2014

Mexico

  • Alain Edmond – $21,492 between 24th of January and 7th of March 2014
  • Alejandro Sanchez Cervantes – $17,060 on 4th of April 2014

Netherlands

  • A.A.A. Schulze – $18,334 between 21st of February and 4th of April 2014
  • Peter Cuijpers – $20,200 between 31st of January and 4th of April 2014

New Zealand

  • David Williams – $204,450 between 17th of January and 4th of April 2014
  • Luciano Teixeira Do Nascimento – $17,072.56 between 31st of January and 4th of April 2014

Nigeria

  • Bamidele E Oladokun – $20,174.08 between 24th of January and 21st of March 2014
  • Toki Toluwaleke Olawale – $35,238 between 28th of March and 4th of April 2014

Norway

  • Joergen Trygstad – $32,123.76 between 28th of February and 21st of March 2014

Paraguay

  • Adrián Santos Cóndor – $28,890.38 on 24th of January 2014

Peru

  • Flor Espejo Barron – $60,700 on 17th of January 2014
  • Joaquin Mario Santisteban Vega – $54,365.67 between 7th of February and 28th March 2014
  • Lorena Jacinta Mendoza Del Carpio – $54,200 between 17th of January 2014 and 4th of April 2014
  • Marcelino Salazar Bacilio – $64,426 on 17th of January 2014
  • Norma Cristina Palomino Ramirez – 30,325.62 between 7th and 21st of February 2014
  • Susana Rosario Aguirre Garragate – $25,890.50 between 17th of January and 14th of February 2014

Portugal

  • Adriano Silva Alves – $34,300 on 4th of April 2014
  • Agostinho Goncalves De Brito – $22,270.16 between 24th of January and 21st of March 2014
  • Alfredo Nunes Figueira De Chaves – $21,000 on 4th of April 2014
  • Amaro Luis Gonçalves – $17,402.21 on 4th of April 2014
  • Ana Catanho – $20,385.61 between 28th of March and 4th of April 2014
  • Ana Cristina Campos Gouveia – $17,876.88 between 28th of March and 4th of April 2014
  • Ana Drumond – $17,289 between 31st of January and 4th of April 2014
  • Ana Maria Jesus E Silva – $22,507.11 between 21st and 28th of March 2014
  • Antonio Da Conceicao Valente De Andrade – $24,200 between 24th of January and 28th of March 2014
  • António Rodrigues – $23,880 on 4th of April 2014
  • Arlete Gouveia – $23,747.19 – between 17th of January and 4th of April 2014
  • Bruno Egidio Coelho Gomes – $24,350 between 21st of March and 4th of April 2014
  • Bruno Filipe Silva Santos – $17,407.90 between 21st of March and 4th of April 2014
  • Dalila Maria Souto Henriques – $28,636 between 21st of March and 4th of April 2014
  • Eduarda Maria Branco Fernandes – $28,511.22 between 17th of January and 4th of April 2014
  • Fã¡Tima Maria Ferreira Santos (sic) – $28,293 between 24th of February and 4th of April 2014
  • Fernando Da Silva Gonzalez – $28,600 between 21st of March and 4th of April 2014
  • Filipe Fernandes – $24,550 between 17th of January and 4th of April 2014
  • Hermenegildo Berenguer – $44,854 on 4th of April 2014
  • Joao Andrade – $30,498.96 on 28th of March 2014
  • Joao Lui-S Garces Dias – $34,800 on 4th of April 2014
  • Josã© Paulino Carvalho Castanho (sic) – $23,000 between 17th of January and 28th of March 2014
  • Jose Gregorio De Leça Graterol – $26,717 on 28th of March 2014
  • Jose Luis Cabral Souto – $38,500 between 21st of March and 4th of April 2014
  • Lino Jacinto Santos Silva – $26,806.84 on 4th of April 2014
  • Luis Carlos Barbosa – $25,000 between 21st and 28th of March 2014
  • Luis Ezequiel Cabral Correia – $22,500.20 on 4th of April 2014
  • Maria Clara Faria Cabral De Noronha – $30,700 between 17th of January and 28th of March 2014
  • Maria Natalia Souto Dias – $45,000 between 28th of March and 4th of April 2014
  • Maria Rita Simões Lucas – $22,450 between 24th of January and 7th of March 2014
  • Martinho Anacleto Fernandes Correia – $106,833 on 4th of April 2014
  • Michael Da Conceição Figueira – $20,677 on 4th of April 2014
  • Nelson Alves – $21,098 between 28th of March and 4th of April 2014
  • Nelson Santos – $20,285.90 on 4th of April 2014
  • Paola Zollo Alecci – $50,000 between 28th of March and 4th of April 2014
  • Paulo Freitas – $40,000 on 4th of April 2014
  • Pedro Manuel Guedes De Carvalo – $26,000 on 4th of April 2014
  • Rosa Alves Joazinho – $61,299 on 4th of April 2014
  • Rosa Marina Cabral Souto – $35,003 on 4th of April 2014
  • Sarafina Pinto Gomes – $21,078 on 4th of April 2014
  • Osias Alves Teixeira Junior – $30,494 between 7th and 28th of March 2014

Rwanda

  • Biryabarema Michael – $24,883 between 28th of March and 4th of April 2014
  • Caroline Kayonga – $16,550 between 28th of March and 4th of April 2014

Serbia

  • Nebojsa Sakic – $22,907.82 between 24th of January and 4th of April 2014

Singapore

  • Er Chuen Hoe – $38,101.29 between 24th of January and 28th of March 2014
  • Hong Min Heng Ian – $19,447.04
  • Lee Kian Sing – $35,419.24 between 31st of January and 4th of April 2014

South Africa

  • Jayshree Kalidas – $25,043.89 between 31st of January and 28th of March 2014
  • Joaquim Ferraz – $16,500 on 4th of April 2014
  • Lj Haasbroek – $115,000 between 7th of March and 4th of April 2014
  • Naomi Jooste – $18,630.36 between 28th of March and 4th of April 2014

Spain

  • Abraham Pã©Rez Domã-Ngez (sic) – $81,976.32 between 24th of January and 4th of April 2014
  • Alvaro Montero Puertas – $24,854 between 28th of March and 4th of April 2014
  • Carlos Tejeda Vicent – $20,395.22 between 28th of February and 21st of March 2014
  • Edward Guzman – $18,000 on 28th of March 2014
  • Francisco Dominguez Varela – $20,000 between 14th and 28th of March 2014
  • Gabriel Gomez Humanes – $25,170 between 17th of January and 28th of March 2014
  • Javier Fernandez Iglesias – $28,437.12 between 21st of February and 4th of April 2014
  • Joaquin Perez Marquez – $26,337.72 between 28th of March and 4th of April 2014
  • Maria Jesus Torraba Fornet – $54,600 on 4th of April 2014
  • Monica Quintero – $20,012.49 on 4th of April 2014
  • Raimundo Aurelio De Oliveira – $23,166.48 between 21st of February and 4th of April 2014
  • Roberta Priscila Do Nascimento Espínola De Carvalho – $33,179.51 between 7th of February and 21st of March 2014
  • Roberto Zapata La O – $79,611.96 between 21st of March and 4th of April 2014

Switzerland

  • Luca Melli Martini – $24,416 between 17th of January and 4th of April 2014
  • Marcio Jose Pessoa Pinto – $17,800 between 24th of January and 4th of April 2014
  • Vanja Renza Grossi – $21,300 between 24th of January and 28th of March 2014

Taiwan

  • Chi Chieh Cheng – $24,425 between 28th of March and 4th of April 2014
  • Chiung Yu Liu – $20,904 between 7th of February and 4th of April 2014
  • Hsuan Nan Wang- $35,219.91 between 17th of January and 28th of March 2014

Uganda

  • Mugisha Van Robert – $36,802.85 on 4th of April 2014
  • Nanima Robert Doya – $18,715 on 28th of March 2014

United Arab Emirates

  • Hiren Jitendra Maisheri – $17,987 between 24th of January and 4th of April 2014
  • Samir Nabil Moussallem – $17,750 between 31st of January and 7th of March 2014

United Kingdom

  • Agostinho S. Mendes Neto – $34,503 on 28th of March 2014
  • Fabio De Lima – $31,381.09 between 21st of March and 4th of April 2014
  • Kyle Farley – $23.440.56 between 17th of January and 4th of April 2014
  • Monowara Khan – $49,424 between 31st of January and 7th of March 2014
  • Roberto Dias – $21,196.47 between 21st of February and 4th of April 2014
  • Robin Winters – $41,553.04 between 17th of January and 28th of March 2014
  • Yuen Ting Cheng – $431,407.98 between 17th of January and 21st of February 2014

United States

  • 4World Group Inc – $52,000 on 21st of March 2014
  • Adelaida Garcia – $20,753 between 14th of March and 4th of April 2014
  • Aklilu Woldeamlak – $29,369.41 between 17th of January and 4th of April 2014
  • Alberto Daly – $28,282.38 between 28th of March and 4th of April 2014
  • Alessandra Rosa – $25,643 between 17th of January and 21st of March 2014
  • Ameer Ladha – $36,600 between 31st of January and 4th of April 2014
  • Ana Lopez – $48,451.15 between 21st of March and 4th of April 2014
  • Ana R Ramos – $25,199.39 on 21st of March 2014
  • Andrea Loza – $22,377.11 between 17th of January and 4th of April 2014
  • Andrei Koutsenko – $57,908.56 between 7th of February and 4th of April 2014
  • Andres Sosa Garcia – $27,626 between 31st of January and 4th of April 2014
  • Aquelina Silva – $123,600 between 31st of January and 14th of March 2014
  • Aquilla S King – $26,500 between 17th of January and 4th of April 2014
  • Ashby Franklin – $49,120.51 between 14th of February and 28th of March 2014
  • Ashley Marie Ng – $26,480.79 between 7th of March and 4th of April 2014
  • Bao Xiong – $21,649.68 between 28th of March and 4th of April 2014
  • Beatriz Gordils – $38,200 between 28th of March and 4th of April 2014
  • Ben Maltz – $34,500 between 17th of January and 4th of April 2014
  • Benik Matevosyan – $54,142 between 17th of January and 4th of April 2014
  • Carlos C Dejesus – $26,831.26 between 17th of January and 28th of March 2014
  • Carlos David Alfaro Ulloa – $128,231 between 14th of February and 4th of March 2014
  • Carole Chontos – $26474.01 between 24th of January and 21st of March 2014
  • Cecilia Lee Wieserman –  $22,908.82 between 24th of January and 28th of March 2014
  • Celso Roberto Silva Filho – $20,000 on 4th of April 2014
  • Cintia Cardoso Marangon – $23,900 on 4th of April 2014
  • Clarence Thompson – $31,977 between 17th of January and 4th of April 2014
  • Daneng Xiong – $36,000 between 21st of March and 4th of April 2014
  • Daniel J Nisley – $24,100 between 17th of January and 28th of March 2014
  • Daniil Shoyfer – $78,037.33 on 28th of March 2014
  • David Duckworth – $27,005 between 7th and 28th of February 2014
  • Diana Santa Maria – $22,000 between 24th of January and 28th of March 2014
  • Dolarex LLC – $50,250 between 17th of January and 4th of April 2014
  • Dunia Tenecela – $20,647.19 on 4th of April 2014
  • Earl Maxon – $30,058.17 between 17th of January and 28th of March 2014
  • Edgardo Provenzano – $50,200 between 24th of January and 4th of April 2014
  • Edilma Restrepo – $27500.61 on 17th of January 2014
  • Edson Machado – $30,476 on 28th of March 2014
  • Eli Schlabach – $35,000 on 21st of March 2014
  • Erasmo Barroso – $35,575 between 28th of March and 4th of April 2014
  • Eric Bruce Morgan – $25,084 between 17th of January and 28th of March 2014
  • Erik Sanchez – $38,710 between 28th of March and 4th of April 2014
  • Esam Abdelgadir – $46,287.68 between 28th of March and 4th of April 2014
  • Eudes Jansen Tavares Freitas – $44,152.39 between 17th of January and 28th of March 2014
  • Eugenia Ryazanova – $35,226 between 17th of Januar and 28th of March 2014
  • Fabiana L. Neto – $23,000 between 17th and 24th of January 2014
  • Fabio Wanzeler (brother of TelexFree owner Carlos Wanzeler) – $222,725 between 24th of January and 4th of April 2014
  • Faith Sloan – $75,000 on 28th of March 2014
  • Felix Victor Ruiz – $23,632.87 on 4th of April 2014
  • Fernando M. Bermudez – $45,010 between 17th of January and 4th of April 2014
  • First Merchant Solutions – $36,303.17 on 28th of March 2014
  • Florentino Rodriguez – $20,069.14 on 21st of March 2014
  • Francisco Castro – $24,908 between 17th of January and 4th of April 2014
  • Freddy Leroy Corp – $37,249.57 on 28th of March 2014
  • Germano Braga De Oliveira Junior – $22,648.78 between 17th of January and 28th of March 2014
  • Gervasio Andriolo – $30,617.44 between 24th of January and 4th of April 2014
  • Gilmar M Carmo – $27,000 on 21st of March 2014
  • Grace Lee – $22,890.50 between 17th of January and 4th of April 2014
  • Henrry (sic) Alberto Delgado Miranda – $36,900 between 17th of January and 21st of March 2014
  • Heraclito Higor Bezerra Barros Noe – $34,761.40 between 17th of January and 4th of April 2014
  • Hindsight Innovative Products Inc – $39,102.01 between 21st of February and 4th of April 2014
  • Hugo Marquez – $98,823.51 between 24th of January and 4th of April 2014
  • I Telex LLC – 31,764 between 28th of March and 4th of April 2014
  • Infinium Wireless, LLC (founded by Todd Betlejewski) – $92,000 on 17th of January 2014
  • Itamar Sampaio – $30,581.96 on the 31st of January 2014
  • Jacob Podlipsky – $98,500 between 17th of January and 21st of March 2014
  • Jacqueline Da Costa Zieff – $81,764.17 between 7th of February and 4th of April 2014
  • Jaeill Ro – $55,156.49 between 24th of January and 4th of April 2014
  • Jaime Francisquez – $23,540 between 7th of February and 4th of April 2014
  • James Brown – $79,200 between 17th of January and 28th of March 2014
  • James Washington – $28,180 betwen 28th of February and 4th of April 2014
  • Jay R. Kingery – $35,388.59 between 17th of January and 4th of April 2014
  • Jean 2004 Enterprise Corp – $58,200 on 28th of March 2014
  • Jean-Claude Massad – $21,941.93 between 21st of February and 21st of March 2014
  • Jecc LLC – $28,088 – 21st of March 2014
  • Jesus Diaz – $47,600 between 24th of January and 28th of March 2014
  • Joao Da Silva – $33,735 between 7th of March and 4th of April 2014
  • John F Pace – $47,349 between 31st of January and 4th of April 2014
  • John Staniford – $21,961 between 17th of January and 21st of March 2014
  • Johnny Castillo – $22,171.64 between 7th of February and 4th of April 2014
  • Jon Hogue – $21,040 – between 31st of January and 21st of March 2014
  • Jorge Chang Chin Fu – $24,000 between 14th of March and 4th of April 2014
  • Jorge Montoya – $24,300 on 4th of April 2014
  • Josephine Simmons – $33,665 between 7th of February and 28th of March 2014
  • Julian Watson – $93,483 on 4th of April 2014
  • Julio J. Inacio – $32,915.70 on 21st of March 2014
  • Kaari Keranen – $21,516.06 between 24th of January and 21st of March 2014
  • Kelcia Vieira – $58,400.82 between 21st of March and 4th of April 2014
  • Kenia Kopitar – $26,480.22 between 14th and 28th of February 2014
  • Kenneth L Beauregard – $25,994.36 between 7th of February and 4th of April 2014
  • Kerr Real Estate Services LLC – $29,389.34 between 17th of January and 4th of April 2014
  • Lair Fernandes – $25,000 on 4th of April 2014
  • Language Bridge (sic) – $21,418 between 17th of January and 28th of March 2014
  • Laurie Novak – $35,155 between 17th of January and 4th of April 2014
  • Layza Gonzaga – $44,755.78 between 17th of January and 4th of April 2014
  • Lelio Celso Ramires Farias – $151,426 between 21st of March and 4th of April 2014
  • Leonardo B. Meira – $45,800 between 21st of March and 4th of April 2014
  • Leslie Mebane – $33,851.07 between 17th of January and 4th of April 2014
  • Linda Suzanne Hackett – $178,158.70 on 14th of March 2014
  • Luciano Faria – $34,619.91 between 17th of January and 28th of March 2014
  • Luiz Antonio Da Silva – $50,500 between 28th of March 2014 and 4th of April 2014
  • Lyvia Mara Campista Wanzeler (daughter of TelexFree owner Carlos Wanzeler) – $17,241.30 on 14th of February 2014
  • Mana Loa – $33,158.07 between 31st of January and 28th of March 2014
  • Marcello Pompa – $30,589.23 on 28th of March 2014
  • Marcelo Dasilva – $56,506 between 28th of March and 4th of April 2014
  • Marco Almeida – $20,000 on 4th of April 2014
  • Marco B Cunha – $20,000 on 4th of April 2014
  • Marcus Molle – $27,497.34 between 21st of February and 4th of April 2014
  • Maria Ribeiro – $29,705 between 28th of March and 4th of April 2014
  • Markus Muchenberger – $24,055 between 24th of January and 4th of April 2014
  • Mauricio Marquez – $38,231.93 between 17th of January and 21st of March 2014
  • Melissa Stefanski – $23,511.32 between 7th of February and 21st of March 2014
  • MG Global Services Inc. –  $33390.28 between 14th and 21st of March 2014
  • Michael C Silva – $21120 between 17th of January and 4th of April 2014
  • MMG Network LLC (Mayco Maldonado) – $46,811 on 4th of April 2014
  • Myrna Trueblood – $27,355.43 between 14th of February and 4th of April 2014
  • Nadim B Radwan – $120,167.32 between 17th of January and 4th of April 2014
  • Nelvin Leiva – $52,838 between 21st of March and 4th of April 2014
  • Neutra Ventures Inc – $25,400 between 28th of March and 4th of April 2014
  • Newbiz1121 LLC – $22,300 between 24th of January and 4th of April 2014
  • Ney Aneudy Marrero Rondon – $47,762.83 between 31st of January and 4th of April 2014
  • Nilma Cabral Da Cunha – $20,400 on 4th of April 2014
  • Nilson Machado – $32,150 between 17th of January and 4th of April 2014
  • Nina Potapenkova – $27,086 on the 4th of April 2014
  • Olga Mapes – $28,229.44 between 17th of January and 28th of March 2014
  • Otto Hernandez – $31,521.89 on 4th of April 2014
  • Paidweeklyads INC – $23,700 between 7th of March and 4th of April 2014
  • Paul Kim – $48,000 on 4th of April 2014
  • Paulo Sergio Pereira Dos Santos – $20,000 on 4th of April 2014
  • Pedro Polini – $27,300 between 31st of January and 28th of March 2014
  • Peter Betiku – $31,626 between 21st of March and 4th of April 2014
  • PHP Money Systems – $34,479.34 between 17th of January and 14th of March 2014
  • Psie LLC – $35,405.66 betwen 17th of January and 4th of April 2014
  • Rad Taha – $22,700 on 4th of April 2014
  • RedTech LLC – $31,344 between 21st February and 4th of April 2014
  • Rex Guynn – $64,530 between 17th of January and 28th of March 2014
  • Richard Newquist – $33,785.67 on 4th of April 2014
  • Robert L. Heinicke – $57,932.83 between 17th of January and 21st of March 2014
  • Robert Melody – $27,600 between 24th of January and 21st of March 2014
  • Robert P Brown – $144,067.15 between 17th of January and 4th of April 2014
  • Rodrigo Montemor – $33,303 on 28th of March 2014
  • Rodrigo R Breda – $26,076.24 on 4th of April 2014
  • Rogerio Romi Rossa – $24,000 on 28th of March 2014
  • Rolando Pichardo – $28,780 between 28th of March and 4th of April 2014
  • Roman Tokar – $66,670 between 17th of January and 4th of April 2014
  • Romeo Di Santillo Bruno – $25,308.05 between 17th of January and 21st of March 2014
  • Roni Yasmine – $50,050.94 between 21st of February and 28th of March 2014
  • Rosemary Correa Loureiro – $22,700 between 28th of March and 4th of April 2014
  • Rozina Zahirali Makhanejin – $20,400 between 17th of January and 4th of April 2014
  • Ruddy Abreu – $102,500 between 21st of March and 4th of April 2014
  • Rudnei Da Silva – $76,181.52 between 14th of March and 4th of April 2014
  • Rui O Pereira – $57,883 between 14th of March and 4th of April 2014
  • Saif Muhsen – $23,630 between 21st and 28th of March 2014
  • Salina L Chan – $24,380 between 24th of January and 4th of April 2014
  • Sami Farraj – $57,554.39 between 31st of January and 4th of April 2014
  • Santos Gonzalez – $43,176 between 28th of March and 4th of April 2014
  • Scott Bonarrigo – $42,083.98 between 17th of January and 4th of April 2014
  • Sergio Correa – $20,500 on 4th of April 2014
  • Sergio Nascimento Decastro – $50,878 between 24th of January and 28th of March 2014
  • Shawqi Alsarabi – $25,658 between 28th of March and 4th of April 2014
  • Shyshakova Halina – $29,538.10 between 17th of January and 14th of March 2014
  • Sidney De Souza Araujo – $26,621.96 between 24th of January and 28th of March 2014
  • Sign On The Line, Inc (John Bates) – $24,400 on 28th of March 2014
  • Simone Valtolina – $132,978.87 between 17th of January and 4th of April 2014
  • SKC Global Investment Inc (Seong Ja Seo) – $60,000 on 28th of March 2014
  • Sky Summit LLC – $24,900 between 17th of January and 4th of April 2014
  • Snyder Enterprises – $31,427.80 between 31st of January and 21st of March 2014
  • Souza Jr Services Inc – $42,950 between 21st of March and 4th of April 2014
  • Stanford Lehman – $43,700 between 17th of January and 4th of April 2014
  • Sunset Associates Inc – $29,020 between 17th of January and 21st of March 2014
  • Svitlana Dombrovska – $23,990 between 24th of January and 4th of April 2014
  • Tarik Suleiman – $43,053 between 7th of February and 28th of March 2014
  • Technovia Inc. – $61,000 between 28th of March and 4th of April 2014
  • Teresa R Britton – $66,110.03 between 17th of January and 21st of March 2014
  • The J And L Netlink, Corp – $22,000 between 17th of January and 4th of April 2014
  • Thomas J Brady – $54,510 between 31st of January and 4th of April 2014
  • Thomas Zazzara – $20,795.12 between 7th of February and 28th of March 2014
  • Timothy Stifter – $43,971.61 between 21st of March 2014 and 4th of April 2014
  • Toni P Scolaro – $55,930 between 28th of March and 4th of April 2014
  • Vagner Dantas Silva – $42,348 between 24th of January and 4th of April 2014
  • Viktor Ryazanov – $42,253 between 17th of January and 28th of March 2014
  • Waldir Cruz – $22,799.40 on 4th of April 2014
  • Wang Khue Thao – $44,347 between 28th of March and 4th of April 2014
  • Wendy E Awes – $34,600 between 17th of January and 4th of April 2014
  • Wideniran Valente – $42,249.47 between 31st of January and 4th of April 2014
  • William Taylor – $28,726 between 24th of January and 4th of April 2014
  • Williams Almaguer Morales – $21,116 between 28th of March and 4th of April 2014
  • Willie Thomas – $24,703 between 17th of January and 14th of March 2014
  • Wisley Silva – $30,486.67 between 24th of January and 14th of March 2014
  • World Wide Ventures & Technology – $27,506.35 between 7th of March and 4th of April 2014
  • Yang Xiong – $25,618 between 7th of March and 4th of April 2014
  • Youssef Abourjiaili – $33,000 on 28th of March 2014
  • Yuriy Loginov – $47,441 on 28th of March 2014
  • Yury Nazarov – $28,278 between 31st of January and 4th of April 2014
  • Yury Nisnevich – $32,000 between 17th of January and 28th of March 2014

Uruguay

  • Dilson Ney Dos Santos – $20,500 on 4th of April 2014
  • Sergio Luiz Dos Santos Medeiros – $17,600 between 24th of January and 4th of April 2014

Uzbekistan

  • Ilham Matyakubov – $18,120 between 28th of February and 4th of April 2014

 

Phew, what a list!

Do keep in mind that the above figures aren’t what was paid out to the named creditors, rather they’re the amounts the affiliates requested to withdraw on the provided dates.

To put dates into context, January 17th appears to be the Friday the company stopped paying its affiliate from. That same week TelexFree denied it was under regulatory investigation in the US.

April 4th was the last Friday TelexFree accepted withdrawal requests, with the company filing for bankruptcy ten days after. By this stage TelexFree was well aware the SEC was about to shut it down.

The above figures don’t reveal how much those who invested in TelexFree made, but rather shed light on investors who had significant monopoly money balances in their accounts.

Do note that affiliate withdrawals prior to January 17th are not shown, because they were already paid. The above figures are, as per the bankruptcy proceedings, what on paper is currently owed to TelexFree’s affiliates (not that they’ll ever see one cent of the requests now).

TelexFree racked up billions of dollars in liabilities, so it’s hardly surprising they saw the writing on the wall come January.

Withdrawal activity from affiliates picked up in February, around the time the company announced it was going to launch a new compensation plan.

Withdrawal activity continued to escalate throughout March, with the most significant withdrawal requests being made on Friday March 28th and April 4th.

This coincides with unhappy TelexFree investors storming the company’s offices in mid-March, demanding the company pay them.

Noticeably absent from the list is TelexFree investor activity from Brazil, with the Receiver explaining that

the Schedules and Statements are not intended to reflect the financial activity of Ympactus.

As far as the bankruptcy proceedings go, Ympactus (TelexFree’s operational name in Brazil) is being treated as a separate entity.

Eventually a full list of TelexFree’s top net-winners will no doubt be published, but for now it’s certainly interesting to go through the list of affiliates panicking as they realized their Ponzi dreams were about to come crashing down.

Do you know anyone on the full TelexFree Schedules of Assets and Liabilities list?

If so, how did they approach you about investing in TelexFree? Feel free to share your story below!