TelexFree @ BehindMLM

On December 30th the TelexFree class-action plaintiffs filed their fifth amended complaint. I didn’t cover it because the only change was a bunch of defendants were added – most of which are banks and payment processors. The complaint itself has blown out to two hundred and eighty-four pages. As a result of this the TelexFree [Continue reading…]

Eighteen TelexFree “victims” have won the right to “challenge the accuracy of TelexFree’s records”. It’s a bit of an odd decision, seeing as the “victims” have had plenty of time to prove their claims.

On June 4th Abel D. Santana wrote to the court regarding a “fraudulent claim”. Santana identifies himself as a “TelexFree creditor” and wrote to the court to request

Daniil Shoyfer has been dismissed from the TelexFree class-action. The dismissal was ordered per a judgment of dismissal filed on June 9th.

The TelexFree class-action Plaintiffs have failed to secure a preliminary injunction against Dustin Sparman and Vantage Payments.

The TelexFree class-action plaintiffs are seeking a preliminary injunction against Dustin Sparman and Vantage Payments. The TelexFree class-action plaintiffs allege Sparman and Vantage Payments ‘played an instrumental role’ in the operation of TelexFree.

A proposed $22.5 million dollar settlement with Fidelity Bank has been approved. As part of a class-action against multiple defendants, plaintiffs reached a settlement agreement with Fidelity in July 2020.

A motion filed by the Trustee reveals around 29,000 TelexFree victims have still failed to provide payment information.

Fabio Wanzeler’s request that he not be recognized as a TelexFree net-winner, i.e. someone who scammed TelexFree victims out of money, has come to an end. On December 21st the US Bankruptcy Court in Massachusetts denied Wanzeler’s motion.

I haven’t really been paying attention to the TelexFree class-action case. Mostly due to figuring it wasn’t going to go anywhere competing against the SEC’s own civil case. Turns out maybe I should have been following along. On July 7th class plaintiffs entered into a $22.5 million dollar settlement with Fidelity Co-operative Bank.