Dominican Republic struggles with TelexFree aftermath
The Dominican Republic is emerging as one of the hardest hit TelexFree investor markets. Yet, despite a significant number of Dominicans investing in TelexFree, local authorities failed to take any action against the company or its top local promoters.
Not because they didn’t know TelexFree was an unsustainable Ponzi scheme mind, but rather because their hands were tied behind their backs due to the shortcomings of Dominican law.
Attempting to address why his department did nothing as hundreds of thousands of Dominicans invested their money with TelexFree, Gabriel Castro of the Superintendent of Securities explained:
despite having knowledge about Telexfree, the Superintendent of Securities could not take any action (because) the country has a legislative vacuum that does not give them guidance on how to proceed (in these matters).
Noting the surge of TelexFree reload scams emerging on the promise of recouping losses of TelexFree investors, Castro noted the agency was
aware that there are other similar businesses operating in the country and (that they have been) reported to the Attorney General.
(Castro) assured that the (Superintendent of Securities) will continue investigating (TelexFree). The Dominican Republic is not the only country that has been affected, and there are many others, including the U.S. and Brazil.
Whether the Dominican Attorney General takes any action remains to be seen. They certainly didn’t in the case of TelexFree, with how many millions of dollars Dominicans lost to the company yet to be revealed.
Apparently the Institute of Consumer Protection had alerted the Attorney General to TelexFree sometime in the past, however the warning was ignored.
Meanwhile I’m not too sure what the point of further investigation is, given the agency appears to not be able to do anything with whatever they learn as a result of said investigation.
Taking the blame-game evidently now in play down in the republic to another level, Cesar Pina Toribio, “legal adviser to the Executive”, effectively said the TelexFree debacle was the fault of Dominican investors:
Dominicans are very naive when they offer villas and castles. The public needs to know that these companies are a big scam.
The public already knows several cases of this type (of business, but are) still engaging in this activity.
When you have top promoters swearing on the legitimacy of Ponzi schemes like TelexFree and the Dominican government refusing to do anything about, exactly how more vulnerable investors are to know a company is “a big scam” wasn’t clarified.
On one hand I get that TelexFree wasn’t a company based out of the Dominican Republic but when hundreds of thousands of people in a country with a population of less than 10 million get involved, surely you figure something is up?
Thankfully there is some good that might come of the TelexFree aftermath though, with a bill, set to be presented before parliament today, directly aiming to
avoid the massive fraud committed by companies and individuals engaged in collection of public financial resources, through so-called pyramid schemes.
Amazingly, the bill is being reintroduced after it was previously disapproved by the lower house. One would hope that the bill makes it through this time around… but from the sounds of it, nobody in the Dominican government seems overly concerned about the country becoming a scam haven.
What a mess.
Update 23rd April 2014 – Too little too late?
Several agencies probe the whereabouts of tens of millions of pesos allegedly scammed from Dominicans by the TelexFree ponzi scheme as well as the identity of its owners.
Justice Ministry anti-money laundering unit director Germán Miranda said the Office Prosecutor and the financial authorities will meet Wednesday morning to coordinate the investigation and possible confiscation of properties.
He said the National District Prosecutor and the Securities Superintendence will seek to identify TelexFree’s intermediaries and promoters, noting that the whereabouts of the millions swindled from investors is their main target.
Miranda said regarding the foreigners affected, they’ll request the collaboration of U.S authorities to determine what happened with the money.
Apparently signing people up with monopoly money credits was rife in TelexFree, so I’m not sure how the authorities’ collection efforts will go. Still, I suppose at least it’s something.
At least there good news about this. They will go after top promoters, on Wednesday they will go after any money generated by telexfree, they will get charged of money laundering.
That’s good news, sounds like somebody does give a damn after all!
Oz, that was a very good explanation of the current dominican situation. Congrats.
We (dominicans) have had entire provinces and cities affected by telexfree, most are in denial, but most are also falling for reload scams.
Also, it’s going to be hard to go after the top promoters. I know a few that came out as net winners but they never transfered any money from their backoffice or ewallet, they just kept “selling” them for cash to their victims. In the end they came out “earning” a lot of money, but to the system they look like they didn’t make a single cent.
Also, if the SEC ever gives any of the money back, it’s going towards this people, since they actually put money into the system. Unlike those who bought Telexcredits for cash straight into these promoter’s wallets.
Dominican Republic is either (1) trying to get away with it – if Costa’s affidavit from Dominican Republic DoJ is valid – or (2) willing to blame somebody else, besides sworn officials who participated the business as top promoters;
SEC will not “give” money back, they will need to claim it themselves from a Receiver or Trustee. And then they will normally have to reveal their own positions in the network.
I also suspect this will be the case. Can anyone please comment on the situation of the people who directly bought credits for cash in hand (which is almost everyone in Madeira Island), is there any prediction about how the SEC charges will develop for them based on past cases, will they be ignored by the system or are any chances of a refund after the trials?
I guess this answers my question, thanks.
I don’t know, other than that the method was commonly known and was used by some people as a protection against clawbacks.
The method will be detected if people in downline file claims, and describes how they paid.
I have given the following general advice to people, in many different variations:
“Run it like a business = keep your own records of all transactions IN / OUT. Make sure you’re able to identify your own accounts and the position you had in the network”.
Just to comment: selling telexfree credit/dollar is genius idea!!
All you need is, if you are the chief of the company, go to database and “create” this credit/dollar by just changing the number in the database of a top promoter. This promoter will sell all this fake money and NO ONE can get it back. Great strategy.
I have seen various time that Pelé Reis sell this money with discount. Now I understand it.
Im dominican, some news media heavily invested in TelexFree and you hear nothing about this in those channels and radio stations (like Z101FM, specially in a very popular program called El Gobierno de la Manana) and some other printed and online newspapers.
Most of the information is being flowing social media because this channels filter out everything about TelexFree
“El gobierno de la mañana” is particularly interesting. Since not long ago it was heavily endorsing Telexfree and promoting people to join.
Here’s an article about it and a video with the recording of one of the hosts promoting TF: http://angelbrito.com/2014/03/15/telexfree-recibe-apoyo-en-la-republica-dominicana/
Ambassador of the United States James Brewster confirms both countries USA and Dominican Republic are working together in this investigation.
Also the head of the anti laundering unit of the attorney general office reiterated that they will go after top promoters.
The head of the anti laundering unit of the attorney general El office stated the they’re interested of the top promoters even more the ones overseas and are willing to ask the usa for extradition. Things getting interesting.
In my opinion Santiago De Las Rosa is in big trouble.
Will the same ever happen in Portugal? It should….
… or it can be a ‘bought” exit: they extradite Delarosa and back in Dominica they later found him not guilty…
and they just get some money from under the table for the services
Pelé Reis and Carlos Costa are long time friends (those pictures proves it http://imgur.com/a/qhoXp#0 ) so i imagine who gave him this idea.
Hahaha, this one is VERY funny!! Take a look, Oz:
They say the website Behind MLM is being investigated by the police. And more: they say the website’s owner is a Brazilian. 🙂
And that’s not all. They continue and say the owner will be sued for defamation of TelexFree and “other MLM company”.
These pyramid folks make me laugh a lot. 🙂
Oh, sorry, Diego already posted it here, in another article. Anyways, it’s just some fun stuff. 🙂
The Telexfree site is online!!!
They even say they will have new products!! They just need to solve this SMALL problem with the SEC.
It never went down. They have just removed the content. But I guess that message on the front page will be enabled to feed hope to the telexzombies.
I smell tons of BS comming from blogs and YT videos….
Yes you are correct They just change it. And for your health, do not smell all this BS!! There is just a lot of it now!!
Hahahahahaha, Oz started covering those MLM pyramids in 2010 way before Telexfree started their pyramid scheme in early 2012.
The owner of this facebook page really acts like a kid from reading his/her posts. The page loves to post how good the USA is compared to Brazil. Well, sorry to say but the SEC is closing your company, kid.
Also, on this facebook page you can see Telexfree is already on China: telexchina.com
website telexfree return?
Thanks for the updates dali.
What you guys think, Good news for Telexfree Promoter o Not??
You’re welcome I want this guy’s in jail.
Somebody just changed the maintenance “website is offline” page.
There’s a TRO currently in effect against TelexFree, and a permanent injunction set to be granted on Thursday. They aren’t restarting anything.
The only reason VOIP is up is because it runs through Disk a Vontade, which wasn’t listed as a defendant in the SEC complaint.
I want to see them in the chain also here where I live has 4 people who promoted this should go to jail too
I guess some scammers are just as scared as we were the first time we watched a Freddy Krueger movie, when we were kids. Maybe they even hear children singing…
1, 2, SEC’s coming for you,
3, 4, lock your door,
5, 6, don’t try any tricks,
7, 8, better leave your state,
9, 10, never do that again
Here in this site, we are praising how the US is acting and now they are going to pay!!!! This is embarrassing for the justice system of this country!
The Brazilian Feds were yelling: Fire!! Fire!!!!”And the US Feds were like “What!!??? What!!??
According to Oz and his bloggers buddies, Telexfree has done so much damage as far as we know, than any other Ponzi has done in history. One year after the zeekreward Ponzi, and we have not learn shit from the past??!!
I forget where I read it now but apparently the SEC or Securities Division had been building a case against TelexFree since early 2013.
Trying to turn this into a Brazil vs. US thing is kinda stupid.
No, really!! This what I see here!!!
Might be time for a visit to the optometrist.
2 big time were growing fast in Brazil. Bbom and Telexfree. Boom!!! Closed as fast as they came!!! And lets not kid ourselves!! Telexfree Ponzi was born in Brazil.
You watch too much TV if you think a watertight case against professional criminals can be built any faster, ESPECIALLY when the perpetrators use every means at their disposal to confuse, distract, hide and generally hinder any investigation/s.
Unfortunately it seems Proby and his magic computer from NCIS weren’t available, so investigators had to do things manually as well as investigate the squillion other fraud reports on their desks.
Ncsi!!!? Do you really think this is as complicated as csi??!!?
Bboom last not even 3months (now wingsnetwork and operating from Portugal), and since it was based in Brazil and they could not move out as fast as Telexfree did from the country, they were convicted a Ponzi scheme. Really, NCSI??!!
Not comparing country, but how our court system is a joke!!!
The only glaring difference I see is that Costa should have had all his assets frozen immediately, and the twenty something nonsense appeals that were filed should never have happened.
That would have probably resulted in Costa fleeing to the US and him being named as a defendant in the SEC/Securities complaints. Instead we have the “one company, two names” sham that’s developed.
The (good?) news is that Judge Borges has said the US action will not affect the Brazilian case, which is currently into its first week of “expertise” gathering. The process can take up to 60 days.
She is talking about the bankruptcy situation. Carlos is going to trial for his company there. Huh?! They have frozen everything they could over there! Do you thing Sann Rodrigues has a lot asset under his name?!!?
He is already coming up with another Ponzi. Oz, you have to admit that we are very slow when it comes to Ponzi schemes!! Especially with something this big!!?
offtopic: Oz, everyone knows this blog is the one who most covered the TElexfree case, as well as lots of other companies, in detail and with no delays. You and your readers have contributed enormously to inform people and, why not, regulatory agencies.
Since you have such a big file saved about the reviews you wrote, perhaps a nice idea for an article would be to make a chart with:
a) Name of each Ponzi scheme you have reviewed in the past;
b) the date of your review that showed how the particular Ponzi scheme operated;
c) date of collapse of regulatory agency shutdown.
That would be nice to see how long it took for each scheme to collapse, what Ponzis were in “fashion” and when, and to shut up these Ponzi lovers who complain the reviews are bias. No one can deny basic maths or history.
And I have two suggestions for a new article:
UNETENET (Spanish Ponzi scheme)
Luvre (Brazilian Ponzi scheme)
Lots of Telexfree afiliates are migrating to these ones!
It is very simple 1+1 math and not a NCSI math scenario here.
* c) date of collapse OR regulatory agency shutdown
Luvre is still small….. The biggest one is wingsnetwork right now.
It’d be a bit of a short list, most of them collapse before the regulators get involved. Ones I can think off of the top of my head are WCM777, Zeek and TelexFree.
I think a chart like that would prove how accurate this blog’s reviews are, showing no company reviewed here as clear Ponzi schemes ever survived the test of time.
Yes, but then one could but the approximate date of collapse instead (in case it was too quick for any agency to shut it down). Thats even better, because it shows what happens when regulatory agencies don’t act in time.
Do not underestimate Luvre scheme, Eddyo. If you check facebook, top telexfree promoters and Ponzi schemes’ “Kings” started taking part in Luvre, such as Fernando Augusto, Figueiró, Luiz Vaz, Lucas Machado, among others. They all have a huge downline list.
Act in time!!?huh!? They never do!! Well, it past one year and they reached a billion dollar, well we even let them do better than zeek rewards!!!!
I think we have enough evidence?? Let shut them down!! And try to get some money back!!!
The standard is 2 years.
Rather than compile a list, which would then in itself disappear without a search, I think it’s more valuable to keep it all as a reference. TF is the second advertising based Ponzi to go down, so there’s pretty much no question of any “post ads to qualify” Ponzis that come after it.
Zeek and TF are pretty much case studies going forward.
After Telexfree they are jumping all over the place. Wingsnetwork, clickprime8, clubgold. But if they are based in Brazil, they cannot get as big as Telexfree ever did. In Brazil they had around 3 majors ponzi in the past years and after that the Feds are trying to closed them as fast as they can.
It is easy there, because the system don’t have a mlm law. The brazilian government knows that it is easy to disguise a Ponzi scheme behind a MLM company!!! Even though these scammers are trying to introduce a MLM law there.
At the brazilian community the people cannot believe they pulled something waaaaayyyy larger than the 3 other major Ponzi scheme ever lived there and it was nothing as close to 1billion dollars.
In Brazil, ex-“Telexfrees” are also going all over the place, but the big ones are choosing more the Ponzis: Paymony and Luvre. Unetenet is also growing, but it’s bigger in Spanish speaking countries.
If they target small MLM schemes, people will accuse them of attacking the little guy and ignoring the big fish. 🙂
You don’t need evidence? 4 motivated men with a car, an office and some lunch money should easily be able to shut down a couple of schemes per week. 🙂
One of the biggest problems is the victims, i.e. the fact that we must wait until they WANT IT themselves. We simply can’t ruin people’s 42 hour hunger strikes.
So, in your vast experience of watching ponzi fraud, how long does it normally take to gather enough evidence to close down a fraudulent operation and ensure all those responsible are convicted, fined and gaoled ??
FYI, it takes more than 40 minutes and 20 minutes for ads like on TV.
Ho ho! Oz, you got to read this sh*t that a website called UniversoMLM.com (in Spanish) posted to inform all TelexFREE affiliates.
Brazillian court has not found anything to incriminate Telexfree ?? In what world do you live in? Oh my God you are so retarded!!
It is long process in this case here. The judge already said this case should be done by mid summer, and your source is Facebook and sites like encontreinarede.
@littleman and m Norway
All I am not saying that justice system in Brazil is better than here or here is better than brazill system. All I am saying that by now the government should be vaccinated against these type of company, since this is not the first time and it is not going to be the last time either.
I am trying to find the name of the company that supplies telexfree with voip service. can anyone remember ?
Disk A Vontade from memory, Wanzeler just renamed the service he provided through his old company.
If there’s a third-party behind that then I’m not sure.
Ok cool they
Oh thanks , was this company mentioned any where in the court documents? So many delusional affiliates think that since the voip service is back online things are on the “right track”.
Who do they think will run DiskAvontade if Wanzeler was ordered to pay bazillions in restitution? He’ll close the company.
Nope. I’m guessing Wanzeler was just being safe, and then under legal advice turned the service back on after it was relaised Disk wasn’t listed as a defendant in the SEC case (and as such isn’t subject to the TRO).
Seem to be the same guy who claims he has a friend in las Vegas courthouse.
Can you Verify this website…. telexchina.com
Wait, you’re calling ME retarded?
Telexfree in Dominican Republic the aftermath is devastating. There’s one person who already committed suicide, a lot of people sold their business, people mortgaged their house, even professional baseball players, artist. It’s a sad story in Dominican Republic.
If it’s Santo Nolasco Mejía he’s still missing, no? Hopefully he had not done it.
I think you are misunderstanding the Brazilian situation.
First, if it was not for that heroic judge in Acre NOBODY knows for how many time Telexfree would continue operating in this country. Only this decision helped others to take the courage to put and end at BBOM, Priples and other Ponzi schemes here.
Too many politicians and other public servants involved. Too few mass media coverage. IG and Globo are the only reporting and its coverage combined is ridiculously shy. It seems everybody fear that the telexzombies are going to riot and destroy the companies.
Second, brazilian justice system is very slow. Too many appeals are allowed, too many corruption and too many holes in the laws. I’m pretty sure the USA, even starting after, is going to put in jail the criminals BEFORE any final decision takes place in Brazil.
Both the State of Massachusetts and the U.S. SEC filed fully documented complaints against Telexfree and its top promotors within in two days of Telexfree declaring bankruptcy. They were all over this.
They knew what they were doing. Sometimes its better to watch and learn than to shut a scheme down…particularly if there are international money flows involved.
This is so true. She has a lot of spine.
If you are saying 3 months to act in something this large, you are crazy!!! It got stop in acre first, because 1% of the population went in.
Bbom got stopped in Goias. Bbom already got it sentence in last than 1 year. Telexfree got away, because they moved out to the USA and the case became in a large scale.
Now, if you are saying that you USA acted quick to this Ponzi schemers, you are crazy!! Last time I heard of Sann Rodrigues, he was in Florida promoting his next Ponzi. Last face it, his last scam he did get 1 year sentence what justice is that?
Looks like a Chinese-language TelexFree affiliate website, targeting China (simplified) and Taiwan (traditional).
I doubt anyone at TelexFree corporate is tied to it. Not 100% sure of course, seeing as they were transferring money to Hong Kong bank accounts and all.
Registered to the same owner as several other Chinese language Telexfree related sites.
Owner gives his registration location as Shen Zhen, China or Hong Kong.
The billing phone number used on at least one registration is claimed to be a Barundi (Africa) phone number.
Make of that what you will.
I looked at the properties page of Telexfree’s recent KCC hosted press release and there were many Chinese characters that seemed out of place if a US firm wrote the release using an authorized Adobe product. Perhaps you could interpret them.
Father of two mortgages house and car to invest in TelexFree.
After the company collapsed, he left a suicide note and apology for his actions. He’s now been missing for five days. Things don’t look good.
Telexfree – Changing lives.
I’m using win8. Saved the PDF and opened up properties, didn’t see any Chinese characters?
Other than a Chinese voiceover of the standard promo film, talking about inanities like “power of the crowd, advancement of technology…” blah blah blah it’s just a regular TelexFree promo website.
Fortunatelly, I’m a very sane person. Unfortunately, this is the way things really works in a democratic country.
Without a strong case against these criminals, they are going to walk away free to create new schemes ad aeternum. And you can’t create a strong case in one month.
No investigation can (aside in TV’s CSI). You need to watch the criminal behaviour. You need to follow the money. You need to wait to check if there is a hidden mastermind in the operation, a bigger fish to catch.
Here in Brazil the zombies cry “the judge does not have any proof!” and I fear they have some reason as “proof” in a legal system needs to be more than what you and I know about the scheme.
The brazilian police seized telexfree server with all accounts intact? NO! The server was not here. But it seems USA police did this last week. If the brazilian investigation did asked for US authorities cooperation and seized the server last year, I think prove everything would be a lot more easier and quicker.
All estimates are no less than 40% of the population.
The biggest Telexfree promoter in Acre had a job in the judiciary! It is still called “oficial de justiça” by the press here. The telexfree reunions were made at the conference room of the “Ordem dos Advogados do Brasil – OAB” in Acre. The OAB is among other things a organization tasked by law to protect the brazilian constituition. Pretty umbeliaveble and scary!
It was stopped because the judge BELIEVED the case the public prosecutor presented to her, as there was no way to “prove” anything at the time and the judge KNEW the consequences of doing nothing. If the case was presented to any other judge, I have no way to know if the result was going to be the same. Brazil has much bigger cities and Telexfree cancer was spreading without control.
Again, due what happened in Acre. The case of BBOM was much weaker.
Really? Someone is in jail? I think not.
In Brazil we had a man that assassinated his girlfriend in broad daylight, with witnesses, walking free at the streets for 10 years after declared guilt by the jury! Good lawyers and too many possible appeals.
If these ponzi pimps stash enough money to pay good lawyers they are not going to get even this one year in prison here.
As far as I know MLM is prohibited in China:
They may use chinese as language, But I dont think they are really operating there.
What they tend to do is rent a space in Hong Kong and fly groups of investors over from the mainland.
They then barrage them with silly claims and stories, take their money and ship them back home.
The beauty of it is they can’t complain locally when the scheme goes bust, because “MLM is illegal in China”. Hong Kong authorities have proven to be unwilling to do anything about the modus operandi thus far – MLM, Ponzi scheme or otherwise.
I am using 8.1 did not save the file first but just looked at the properties of the pdf as it is hosted on the KCC website. Maybe I am going at it wrong.
How did you bring up properties through the browser? Chrome only lets me save or inspect element (not very useful on a PDF).
You’re not using a pirated Chinese copy of Windows are you? 🙂
I tried to duplicate my efforts and can not so forget it for now. Sorry
Wu Hai Feng
Billing Name: Hai Feng Wu
Billing Organization: Wu Hai Feng
Billing Street: Fu Tian Qu Mei Lin
Billing City: Shen Zhen
Billing State/Province: Guang Dong
Billing Postal Code: 518000
Billing Country: CN
Billing Phone: +86.075561398839
has the website any relation with TELEXFREE or is only a Particular Promoter ?
I Ask that question, because the people says ” Telexfree is worrking in CHINA ” ….. bla bla bla ..
@OZ Awesome wesbsite, keep going papi..
The website is a subdomain of: gongtongmeifen.com
The title is: TelexFree Chinese network _TelexFree bonus system _ common cents founding team _ unlimited pass founding team
and its’ own description is:
TelexFree Chinese network, USA unlimited pass founding team of the largest information network (Q: 294793959), Welcome to visit telexfree projects involving telexfree News, TelexFree bonus system, TelexFree hotels and TelexFree company development blueprint.
and uses the keywords:
TelexFree, telexfree bonus system, the United States’s unlimited bonus system, common cents a bonus system, the U.S. team’s unlimited
I heard that after may 2nd court against fed. Gover. T.F. Will start back up again is this true?
Heard from who?
There’s your answer.
You believe in fortune tellers now?
There is every reason that the case will be remanded to Massachusetts Thursday or Friday.
There will likely be NO May 2nd court hearing in Las Vegas.
Consider WHO is telling you this sort of “news”. Perhaps they are telling you their FANTASIES, much like a dream where they win the lotto and a supermodel want to f*** him or her.
Then you wake up.
gongtongmeifen, or in CHinese, 共同美分 is the Chinese name bestowed by the Chinese members on TelexFree
I dunno, phone number goes to Shenzhen China.
One very “interesting/sophisticated” Ponzi scheme is the one now called WISHCLUB. You should investigate this one, their story is fantastic. It has the potential to become a very big scam, on a WW basis !
It started in Brazil (named BLACKDEVER) then got blocked but was re-launched in Madrid with a very seductive presentation. Their videos are great !
That’s the point.
The domain registrant was the one who gave the location of the phone number as being Burundi.
IOW, it’s more of the deception used by HYIP ponzi promoters to confuse potential victims and casual observers.
I didn’t find any compensation plan there? I found a PowerPoint presentation, but it stopped working after 5 frames (5 out of 36).
WishClub is mostly about fancy photos, and very little content. I tried some search methods:
site:wishclub.com = 552 hits (most of them background photos)
site:wishclub.com/en/ = 21 hits (21 pages in English)
site:wishclub.com/es/ = 19 hits (in Spanish)
site:wishclub.com/pt/ = 22 hits (in Portuguese)
site:wishclub.com/ru/ = 0 hits (in Russian)
* “Background photos” were pages that had titles, but they redirected to different layouts of the same page (same content, but different background photo).
They have a marketing problem. The marketing is way too exaggerated. One of the blogs promoting it claimed 6 million people were joining each day.
Most of the marketing was rather “empty” with very little substance. People may initially feel attracted to some of the ideas, but there was too little substance when I tried to check for details.
I looked at the blackdever team blog. That was the one with exaggerated marketing claims and the failed PowerPoint presentation.
I looked at one of the VIMEO videos, “WishClub Teaser” in English. It was interesting enough, but very little substance.
WishClub looks partly as an abandoned or unfinished project that has been kept alive for 6 months by some loyal true believers. It looks like something that has been started but never finished, “a half business idea”.
Thanks for the review on WISHCLUB.
Their Compensation Plan was inspired by Telexfree’s, heavily based on fixed income from posting adds online (which leads to amounts impossible to be paid, eventually).
I argued with one of their top promoters that if they reached 2 Million active people working for WISHCLUB (as they claim they will) their company would to need to generate MORE Revenue than GOOGLE in order to be able to pay all the Bonuses they are promising to their affiliates…
… And guess what he replied to me ? He told me that this is the idea, they will compete and BEAT GOOGLE in the on-line arena and will make several BILLION Dollars in Revenue per year…
Well, at this point I noticed that it would be useless to continue with that discussion 🙂
In Youtube they have several videos (in Spanish and Portuguese) and they even had a big meeting in a fancy hotel in Madrid recently…
They basically claim they will conquer the world and become one of the largest corporations in the world !!!! I’m following WISHCLUB closely as I want to see how this will end…
Does anyone know the names if any of Dominicans living in the USA that promoted telexfree?