TelexFree @ BehindMLM

James Merrill settles TelexFree fraud with Trustee for $3 mill

Following on from a 2017 judgement, James Merrill has now settled with the TelexFree Trustee.

TelexFree Receiver announces second claim distribution

The TelexFree Receiver has sent out an email detailing a second distribution to valid claim holders.

TelexFree class-action survives seven Motions to Dismiss

Twelve Defendants in the TelexFree class-action filed motions to dismiss the latest Fifth Amended Complaint. Five motions were granted and one was partially granted, leaving six Defendants fully on the hook.

PSA: TelexFree claimants are being targeted by scammers

TelexFree victims participating in the Trusteeship claims process are being targeted by scammers. On September 6th the US Bankruptcy Court for Massachusetts published the following order:

TelexFree scammer in Peru seeks to overturn conviction

Christopher Loaiza Salazar is a convicted TelexFree scammer in Peru. Stemming from a TelexFree related criminal case opened in 2016, Salazar and “certain of his relatives” were found guilty of aggravated fraud. On the basis those he scammed did or should have filed a claim with the Trustee, Salazar now seeks to overturn his conviction.

TelexFree class-action enters fifth amended complaint phase

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…]

TelexFree “victims” to challenge company’s records

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.

Claim for 67 TelexFree accounts denied, investor not happy

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 dismissed from TelexFree class-action

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

Injunction denied against Sparman & Vantage Payments

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