A report by The Gazette has revealed how back in 2014, TelexFree funded a Paul McCartney concert in Espírito Santo, Brazil.
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The TelexFree Trustee has warned against victims selling approved claims.
A Brazilian affiliate has secured a bankruptcy judgment against TelexFree. What does that mean? …I’m not sure.
On June 3rd a $778,455 final judgment was entered against Faith Sloan. Sloan’s judgment was part of the SEC’s case against TelexFree scammers, who collectively stole over $3 billion from their victims. As part of the judgment, Sloan is “permanently restrained and enjoined” from committing securities fraud. Trouble is that while her attorney was engaging [Continue reading…]
Carlos Wanzeler’s life as a fugitive might have finally come to an end. Following the cancellation of his Brazilian citizenship, Brazilian authorities have rejected Wanzeler’s Supreme Court appeal.
In addition to being pursued by the SEC, TelexFree net-winner Faith Sloan also faced clawback litigation from the Trustee. According to the Trustee, Sloan stole $710,319 from TelexFree victims. Earlier this month we reported Sloan had reached a settlement with the SEC. In light of that yet to be approved settlement, the Trustee and Sloan [Continue reading…]
There’s probably no group more salty in MLM right now than TelexFree victims with approved claims. The TelexFree claim portal went live back in mid 2016. Almost three years later, not one distribution payment has been made. Now, a Status Report filed by the Trustee on April 12th, provides insight into why.
With the clocking ticking down towards her TelexFree trial, now news that Faith Sloan has reached a settlement with the SEC.
In a March 27th filing, the SEC has moved to voluntarily dismiss two claims of securities fraud against TelexFree defendant Faith Sloan.
Faith Sloan’s TelexFree trial looks set to be delayed for a second time. The first delay occurred due to President Trump’s government shutdown. Now a second delay looks likely due to Sloan’s attorney being hospitalized for medical complications.