Carlos Wanzeler & Carlos Costa arrested in Brazil
After what feels like far too long, news today that TelexFree co-founders Carlos Wanzeler and Carlos Costa have been arrested in Brazil.
Federal Police swooped in on Wanzeler and Costa in the early hours of Tuesday, December 16th.
Wanzeler was apprehended on the way to the gym. Costa was arrested at his home in Vila Velha.
Globo Media were at the scene to snap a photo of Costa in custody:
Wanzeler and Costa were arrested in connection with “concealment of assets” (money laundering), relating to TelexFree.
Carlos Wanzeler (right), co-founder of TelexFree’s US operations, has been on the run from US authorities since 2014.
Wanzeler was stripped of Brazilian citizenship in 2018, paving the way for extradition to the US.
Carlos Costa (right), who ran TelexFree’s Brazilian operations (Ympactus) with Wanzeler, has had run ins with Brazilian authorities pertaining to tax fraud, money laundering and asset forfeiture.
In 2013, a year before TelexFree was shut down, Costa (right) declared God used him to create the $3 billion dollar Ponzi scheme.
Despite their criminal history, the lawyer representing Wanzeler and Costa in Brazil feigned ignorance when queried about the arrests.
We were surprised by this decision. We will need to know the inquiry that led to this action.
In addition to the arrests, fifteen Federal Police officers executed search and seizure warrants on three locations.
Criminal matters tend to progress slowly in Brazil but stay tuned for updates…
Good to hear. Been far too long since those two fled after defrauding a lot of people.
With the TelexFree trial continuing behind the scenes this justice should not be quite so drawn out.
At least that’s the hope 😉
Hopefully it doesn’t affect the civil suit leading to the distribution of our monies!
Chances are they’ll tie the Brazilian court in knots with more appeals and whatnot for months before they go anywhere. *sigh*
you speak like americans are any faster……
They actually demonstrably were in this case.
Merrill was in prison within three years of TelexFree being shut down. Carlos Costa and Wanzeler have been at large in Brazil up until recently.
But anyway, that’s besides the point. The chip on your shoulder is showing.
chip on my shoulder??? after 6 years of waiting and being given the runarround by the trustee after diligently working to respond to their every notice…
this aint a chip… its the whole casino inventory of chips bruv…. nei….. the whole factory of chips. i am the chipman coo coo cochooo.
This is what Ponzi cleanup looks like. It is what it is.
Here’s to another six years. Merry Christmas!
heere heere!!! and to another 5 million dollars being paid out to the trustee from the victims mone over another half decade, whilst the victims literally die waiting!!!!!
& May God grant health to stephen Darr how now is like 85…lets hope hell live long enough to keep milking that victims fund for another half decade!!!!!
and happy new year!!!
Oz is being nice.
That’s not a “chip” that’s a boulder
A group of criminals orchestrated a billion dollar fraudulent scheme with a million victims.
THEY are to blame for the situation in which you find yourself
Not Oz, not Stephen Darr, not the authorities.
It wasn’t Stephen Darr who didn’t keep accurate records.
It wasn’t Stephen Darr who allowed thousands of anonymous users with fake bank accounts and IDs to participate.
It wasn’t Stephen Darr who allowed said criminals to hide the proceeds in virtually untraceable locations all over the planet.
But, Stephen Darr is expected to sort out the mess for free in double quick time to suit the “gonzos” who joined what to most people was an obvious fraud.
Yeah – right
Merry Xmas Oz…………..you’re a gun! The best there is…..
dudoroski you have no effin clue what youre talking about…..
1.its was stephen darr who couldnt figure olut the telexfree records…because he refused to hire the right personnel (i speak to him directly)
2.THERE WHERE NO BANK ACCOUNTS OR FAKE IDS USED TO CREATE TELEXFREE ACCOUNTS… NO BANK ACCT WAS NEEDED EVEN…YOU JUST BLEW PIXIES OUT YA BACKFLOW
3. the “proceeds” where not “hidden in virtually untreaceable locations all over the planet” the DOJ seized the telexfree proceeds (over 180 millions) the mnute telexfree filed for bankrupcy. so no. the money. the peoples money, has been there ALL ALONG WAITING TO BE GOVEN BACK TO ITS OWNERS. so again, talking pixies and showing urself a uninformed foolerton!
4. stephen darr is expected to sort out the mees for free?? again MASSIVE UNINFORMED PIXIEs are coming out of your bakside. stephen darr himself alone recieved a 1 million dollar bond for his work, appart form that, his staff and company has collected over 4.5 million dollars over 5 years out of the victims money… feee????
you dared say free?!?!?1 dude do some research and stop embarassing yourself by speaking falseties.
att: the gonzo master mtf
This hayseed “Gonza” is just so low class, ignorant, and clueless in his sad ravings on here.
Hilarious…in a sad way.
No shock he got played in an obvious ponzi and wastes his time crying and embarrassing himself on here.
Carlos Costa is already on the loose and promoting another scam: economia.uol.com.br/noticias/redacao/2020/01/31/telexfree-carlos-costa-piramide-pipz.htm
About my previous comment on Carlos Costa’s new scam, Pipz: Even their logo is a rip-off of a well known Brazilian reward points program called Dotz.
It seems like those guys won’t give up scamming ever.
Hasn’t Costa been indicted and arrested infinity times? Juheezus… what does it take for Brazil to actually throw someone in prison???
Unfortunately a lot. As long as you have money to pay for lawyers, they’ll always file something to delay the case and postpone jail time forever.