Brazilian TelexFree audit delayed 120 days (due 2015)

5 Comments on “Brazilian TelexFree audit delayed 120 days (due 2015)”

#1

suncase

Oct 23rd, 2014 at 8:05 pm  suncase(Q)

On November 22, 2013 were published in the Journal of Justice Acre doubts to be clarified by the end of expertise Ernst & Young in the Ympactus / Telexfree business in mid-February 2015.

Are at least 60 questions listed below will clear how, how much, who won and lost with the alleged financial pyramid. The information below indicates a really thorough job in the whole scheme and in the end justice will take all hands on everyone involved.

POINTS controversial

Fixed the following issue points to be elucidated during the evidentiary statement:

1) What pays the payment of benefits Telexfree (binary pairs, royalties, Team Builder) network are the proceeds of the sales of VOIP 99Telexfree accounts or the proceeds of the registrations of new members to the network (characterized by payment of the Guarantee Fund returnable and ADCentral or ADCentral Family) kit?

2) The negotiating activity performed by the defendant company is characterized as a “financial pyramid”, supported by the registration of persons, or as a network of multilevel marketing, for the direct sale of VOIP 99Telexfree accounts?

3) The activity developed by enterprise bargaining defendant would be sustainable cease Telexfree new accessions to the network (through the payment of the Fund Deposit Returnable and ADCentral or ADCentral Family kit)?

JUDGEMENT OF QUESTIONS TO BE ANSWERED BY EXPERTISE

1 Sources of income / expense of the company Ympactus Comercial Ltda.

1.1 – On what date the defendant company now has revenues?

1.2 – What are the values ​​received by the defendant company between the date stated in item 1.1 and the date of intimation of the defendants in the injunction issued injunction in attached (June 19, 2013)?

1.3 What are the amounts received by the defendant company after notification of the injunction defendants mentioned in item 1.2 (June 19, 2013)?

1.4 What proportion of the income of the company arising from the sale of spare defendant VOIP accounts?

1.5 What proportion of the income of the defendant company arising from the accession of “partners” (Returnable Deposit Fund)?

1.6 What proportion of the income of the defendant company arising from the sale of kits VOIP accounts (ADCentral and ADCentral Family)?

1.7 – What is the proportion of income of the company arising aft Cost of Reserve Position?

1.8 – What proportion of the costs of the defendant for the provision of VOIP service company?

1.9 – What proportion of the costs of the defendant company to pay the net income to the publishers (new memberships, binary, Team Builder, royalties)?

1:10 What proportion of the expenses of the defendant company to pay commissions resulting from sales of spare VOIP 99Telexfree accounts?

1:11 – What proportion of the costs of the defendant company to pay the weekly ads posted by publishers?

1.12 The activities of the network Telexfree configure raising money from the public investor, requiring authorization of the National Monetary Council?

1:13 The defendant company held another bargaining activity beyond that is disciplined in the General Rules of Client and Product Promoters?

1-14 What sustains the payments of benefits arising from the Telexfree (new memberships, binary, Team Builder, Royalties) network is the sale of single VOIP accounts or registering new publishers, through the receipt of the Fund Deposit Returnable and fruit the sale of ADCentral or ADCentral Family kit?

2 – Sources of income / expenditure of the publisher.

* Prepare a table containing the information items 2.1 to 2.9:

2.1 Amounts paid to the defendant by each promoter company.

2.2 Amounts received by each of the defendant company as a popularizer of bonuses Telexfree (new members, Team Builder, Royalties, binary) network.

2.3 Amounts received by each promoter of the defendant as commission for the direct sale of VOIP 99Telexfree company accounts.

2.4 Amounts received by each promoter of the defendant by way of weekly ad posting company.

2.5 nominal financial balance between what was paid and received, for any reason, the defendant company, by each promoter.

2.6 Total negative financial balances of all promoters.

2.7 – Percentage of financial return obtained by each promoter, considering only the gains from Telexfree Network (new members, Team Builder, Royalties, binary).

2.8 Percentage of financial return obtained by each promoter, considering only the gains from commissions arising from the direct sale of VOIP 99Telexfree accounts.

2.9 Percentage of financial return obtained by each promoter, considering just posting ads.

2:10 What is the average percentage of financial return obtained by the publishers, considering only the gains from Telexfree Network (new members, Team Builder, Royalties, binary)?

2:11 What is the average percentage of financial return obtained by the publishers, considering only the gains from commissions stemming from the outright sale of accounts 99 Telexfree VOIP?

2:12 What is the average percentage of financial return obtained by the publishers, considering only the posting of ads?

2:13 The offering greater financial return to publisher: sales account 99Telexfree spare VOIP, VOIP reseller account 99Telexfree, registration of new members to Telexfree network or post ads?

3 – About the VOIP accounts 99Telexfree

3.1 Comparison of VOIP account 99Telexfree with other existing similar services in the Brazilian market (price and quality of service).

3.2 How much 99Telexfree VOIP accounts active during the beginning of the activities of the defendant company and the current date?

3.3 – What amount of loose beads sold directly by the defendant company during the beginning of its activities to the notice of the preliminary injunction decision rendered in attached (June 19, 2013)?

3.4 What amount of loose beads sold directly by the defendant company in the period of the injunction (June 19, 2013) and the current date?

3.5 How much ADCentral ADCentral Family and VOIP accounts 99Telexfree kits sold by the defendant company to advisers in the period from the beginning of its activities and the injunction (June 19, 2013)?

3.6 How much 99Telexfree VOIP accounts was sold by the defendant company through the period of the promoters in item 3.3?

3.7 How much 99Telexfree VOIP accounts was sold by the defendant company through the period of the promoters in item 3.4?

3.8 How much 99Telexfree VOIP accounts was resold by promoters during item 3.3?

3.9 How much 99Telexfree VOIP accounts was resold by promoters during item 3.4?

3:10 What is the price of face 99Telexfree VOIP account?

3:11 How many active accounts VOIP 99Telexfree belong to publishers? And how many do not belong?

3.12 The defendant company effectively checks for active client before paying the benefits of Telexfree network to publishers?

3.13 The active client mentioned in Section 3:12 may be the evangelist himself?

3:14 What company provides the 99Telexfree VOIP service? What is the corporate structure of that company? On what date was set?

About 4 ads posted weekly by promoters

4.1 The content of ads posted by popularizers brings information about 99Telexfree VOIP service?

4.2 The sites where the ads are published provide viewing by the general public?

4.3 There are websites created exclusively for posting ads by promoters of Telexfree?

4.4 The advertising technique used by the company is compliant with the defendant that has been adopted by other companies?

4.5 The cost of advertising the company made a defendant is compatible with the scope of the same?

5 – About the documentation presented

5.1 There was a modification of the existing information in the documents submitted by the defendant company after notification of the same about the injunction issued in the injunction attached (June 13, 2013)?

5.2 In which country was built the site Telexfree (www.telexfree.com)?

About 6 “partner”

6.1 There “partner” that also is not promoter?

6.2 The “partner” can buy spare VOIP account 99Telexfree discount?

7 About the publisher

7.1 On average, how many accounts VOIP 99Telexfree spare one publisher sells and how many memberships in Telexfree network performs?

7.2 Is it possible to recover the investment made by the publisher Telexfree network (Fund Deposit Returnable more kit VOIP 99Telexfree ADCentral or ADCentral Family) just reselling the VOIP 99Telexfree accounts acquired in kit?

7.3 When selling spare VOIP account 99Telexfree account or resell the kit, the publisher receives a commission on the monthly fee paid by the service user to the defendant company?

8 Other clarifications expert company deems relevant to elucidate the disputed points of demand.

source:
diario.tjac.jus.br/display.php?Diario=3050&Secao=374



#2

Diego

Oct 24th, 2014 at 12:07 pm  Diego(Q)

Meanwhile word on the grapevine is that Carlos Costa is currently under medical observation.

That’s something I really doubt. We’ve seen Costa making his usual Youtube appearances even when he was attached to the hospital machinery wearing nothing but a johnny.

Remember when SEC investigation came to light? Costa then dissapeared for almost two months, only to be seen again when it was time to start his political campaign. There’s nothing he wants from his zombies right now, so he’s decided to just sneak away.

Word on the streets is that E&Y had released some (non public) piece of information and based on that Costa was trying to get an approval to allow some other firm to make a “second” audit, which was already denied by Judge Thais Borges.

We can confirm the last part of that, since the denial was made public, but we cannot say for sure what’s been released so far by E&Y.

Knowing Costa and his gang as we know, it was definitely not good news to TF, or we’d be watching a thousand “take that you anti get rich quick dorks” videos all over the web.



#3

Oz

Oct 24th, 2014 at 12:17 pm  Oz(Q)

That’s something I really doubt. We’ve seen Costa making his usual Youtube appearances even when he was attached to the hospital machinery wearing nothing but a johnny.

I thought, now that political immunity was off the table (as misguided as that was given the crimes were committed before the election), Costa might have been going for “I’m too sick, you can’t jail me!”

Watch the BS start up about being on the verge of a heart attack once he’s formally charged.

I’m looking forward to reading the E&Y report. I just hope it’s not a thousand page Portuguese document or some such :).



#4

Diego

Oct 24th, 2014 at 8:04 pm  Diego(Q)

Oz: I thought, now that political immunity was off the table (as misguided as that was given the crimes were committed before the election), Costa might have been going for “I’m too sick, you can’t jail me!”

Brazilians have had their share of that: last year a lot of corrupt politicians went to jail just to start filling complaints about how old and sick they were, so justice should put them under house arrest only.

That’s definitiely the next card Costa is going to pull.



#5

andrew

Feb 12th, 2015 at 3:35 am  andrew(Q)

the 120 days are up. deadline was supposed to be today. no word from ernst and young yet????