TelexFree investors revolt, plan changed AGAIN?
Less than a week is all it took for TelexFree’s top affiliate investors to collectively revolt against the company’s new “everybody needs five retail customers” compensation plan.
What’s even more amusing is that, if true, the change comes just days after TelexFree charged affiliates $169 each to attend “new compensation plan” training in Boston.
Not surprisingly, after paying for their ticket, accommodation, transport to get there and whatever else, some TelexFree affiliates aren’t taking the fact that what they paid to learn only a few days ago might already be obsolete.
Unloading on Facebook and her personal blog, top TelexFree affiliate investor Faith Sloan writes,
I am like oh sooo bothered. Compensation Plan changed AGAIN????
We went to Boston for TelexFREE training. We purchased a ticket. We paid for hotel costs. We paid for vehicle transportation and other expenses. We paid airfare.
We got the TelexFREE NEW Compensation Plan training!
I spoke with the leaders of an Italian team and they let me into their strategic meeting. They came up with a plan to optimize the compensation plan.
I spoke with a few other leaders and they discussed with me their strategies according to what was told to us at the event in Boston.
I get back home. I have a backlog of work I need to catch up on. I get slammed by our team members to explain the Compensation Plan. I go out of my way to create videos, websites, etc. I got over 100 phone calls, over 100 skype messages, hundreds of facebook messages and thousands of email messages from TelexFREE members who are NOT on my team… But I try to help everyone the best I can.
So I studied the plan TAUGHT to us in Boston. I worked with one of my leaders and came up with a model which will help our team revamp and optimize the compensation plan.
He comes back to me and told me that the plan obviously changed or someone is pulling someone’s leg. So he showed me Randy Crosby’s presentation.
Then BAM!
I look at Randy Crosby’s 11 March 2014 webinar and it was NOT what we were trained on. Not by a long shot.
The training we received in Boston did NOT contain anything remotely similar to: if we have 1 customer ONLY and 2 promoters, that we could earn in the binary down to infinity but we will not get $100 a week. That was NOT part of the plan. That was not part of the training.
It is quite obvious, because here on this site, I have every single slide that was presented to us about the Compensation Plan. So do NOT punk me and tell me that it was repeated multiple times in Boston. It was NOT.
Now I hear that yesterday a group of ‘leaders’ got together with corporate in some secret meeting and they expressed their displeasure of the New Comp Plan so they went back to the drawing board and RE-DID THE COMPENSATION PLAN!!! WHAT????
My uplines were not privy to this meeting. I surely wasn’t. As a matter of fact, NO ONE I know in my team was aware that a meeting was going on. I guess I am too outspoken and would have told them that changing the plan AGAIN due to public outcry was a bunch of stinky crap and is indicative of the fact that their decisions were not sound in the first place.
Yes. I said it. Compensation plans are not thrown up over night. They require analysis, consideration of both psychology and mathematics as well as revenues and expenses to come out with a darn good one.
It can’t be based upon a group of folks’ gripes and then hastily modified as quickly as one would change their underwear.
So why did we have to interrupt our lives and fly to Boston? Just for a 1-2 day jaunt which was as productive as an ant without his army? The Boston event meant absolutely NOTHING! Oh yes it did … We paid Corporate to attend. And yes, TelexFREE Corporate did indeed make a profit.
When I phoned Santiago de la Rosa, he told me to ‘not worry’ (his answer to everything. LOL! I never ‘worry’) and wait until tomorrow. I asked whether corporate will put the complete compensation plan on the telexfree website. He said “Yes”.
So I am like so through and won’t do anything until the freakin bread is BAKED AGAIN!
And when ya’ll stop futzing around with the Compensation Plan and finally LAUNCH a product instead of yaking on about it for a whole year, then just send me a freakin memo, please.
Apparently TelexFree have told some of their top investors to expect a new compensation plan to be available sometime over the next twenty-four hours.
A major contributing factor to the utter confusion surrounding the transition to the first new plan has been TelexFree’s own major lack of communication. To date and despite the plan supposedly going live on the 11th, the company has not released any official documentation on it.
As mentioned earlier, affiliates were given the option to pay $169 to learn about the plan, however that now appears to be obsolete information. Whether or not TelexFree will refund those who attended remains to be seen.
Several of TelexFree top affiliates appeared on stage at the Boston event, and at a $169 a pop one can only wonder if they were directly compensated out of affiliate ticket sales.
As for the plan itself, we released my analysis nearly two weeks ago now and given the lack of changes I’ve had to make to it, I believe it was pretty spot on. These new changes Sloan talks about seems to be the abolishing of every affiliate who wants a ROI to have to get 5 non-affiliate customers, in favour of just having to get 1 customer.
Turns out TelexFree’s VOIP product is so unmarketable those at the top know full well they (and more importantly their investing downlines) aren’t going to be able to sell the facade to five non-affiliate customers.
This then translates into every affiliate spending an extra $250 a month (buying the accounts themselves) with the company, which as we analysed results in a net loss (not withstanding an apparent VOIP price drop to $5.99 or so the second month on which I’m still unclear on).
Anyway the long of it is that it’s a far cry from the $20 a week passive ROI TelexFree affiliates have been receiving for the past two years, and they’re not happy about it.
I guess the question for now is, and keeping in mind US regulators are now sniffing around, just how far will TelexFree backtrack towards their old Ponzi plan to appease their top investors?
Stay tuned…
Wait … What?! … No TelexVoip? ;D
FYI
For all the readers that have never worked for a company or a corporation… Ms. Sloan would have been fired today for what she put on the internet about the company she works with. She is immature and unprofessional.
To Faith: I told you they would throw you under the bus. You don’t “fit” the profile of what they want anymore.
Right now, you’ve just been shut out of the bus. You’ll know when they actually fling you under the bus.
I would call it trip to Clown College, but clowns are much more serious and honest about their education.
MS. Slone has never had honest job I assume knowing her networking “work history”, but this article is not about her.
@ Boris
Um.. this article is aaaaall about her. Did you not understand that it is her picture and post on the internet that lets say…. inspired this article?
You can go online and see pics of Ms. Sloan with all the top dogs when they were starting out in USA and they “needed” a Sloan to bring her down line to them. They courted her. Now….they have prince’s and prime ministers of poor countries willing to give up their people for money. Ms Sloan is small peanuts now.
Sorry Faith, your value has gone down and actually you’re a loose cannon.
Its been 2 days already that it is all over the Facebook of Brazilians invested themselves on TF that: “PRESIDENT OBAMA SIGN LAW THAT TURNS TF LEGAL”.
Somebody is a glutton for punishment and mercurial moods, and it ain’t us.
You know what this sort of randomly changing demands and requirements generate?
Regression. Reduces the victims to a child-like state that is surprisingly compliant to suggestions and orders.
The randomly changing criteria creates a sense of dread.
It’s an INTERROGATION TECHNIQUE.
http://www.dailykos.com/story/2006/11/19/272811/-Torture-101-CIA-text-on-teaching-coercive-interrogation
Did they say which allegedly law it is?
todospelommn.com/presidente-obama-aprova-lei-que-protege-e-incentiva-empresas-como-telexfree
They’re using this JOBS law to try to convince people Ponzi schemes are legal in the US?
Bloody hell… the TelexFree affiliate-base is a comedy goldmine.
Not trying to bother you guys with extensive text, there is more text on the link I pointed. I heard of other TF members how rejoicing they are now that it is all LEGAL and such and that they now also have 1099 forms to further prove ( with an “in your face!” attitude ) that TF is 100% legit.
Also I’ve just learned that it is no longer possible to “sell” credits to others to get the cash without leaving a trace as before when all kinds of monies would come into TF to get it out through “legal” channels i.e eWallet
… And that TF will become a public company soon (supposed they are on their way to get SEC approval for PO).
Oh brother! Faith Sloan is now playing the victim? She’s never met an illegal pyramid scheme she didn’t like! LMAO!
I know of probably close to 20 money games/illegal pyramid schemes she’s been involved with! She’s a big mouthpiece for them when they they launch and when they’re raking in the money, but the minute they run into legal problems, she starts playing the excuse game, i.e., “I didn’t know,” “It’s not my fault, it’s the company,” etc., which is all part of a carefully contrived “plausible deniability” cover story!
I’m surprised anyone follows her, let alone believes a word she says!
Faith Sloan would do 20 illegal money games before breakfast, and that’s on a slow day.
Do a quick Google using the terms Faith Sloan + HYIP and you’ll see what I mean
I get “About 171,000 results (0.28 seconds)” .
They can’t even cite FACTS properly…
Who’d call April 2012 “recently”?
http://en.wikipedia.org/wiki/Jumpstart_Our_Business_Startups_Act
If I didn’t know any better, I’d imagine all of the top TF reps were lined up on some stage in domino formation with Faith Sloan leading the line, and told to turn around, lift their legs, and kick the one in front of them real hard in the buttocks.
That should have angered them all enough to start a revolt against those opposed to TelexFried and the new comp plan.
What a circus!
If I were one of the top TelexFree promoters such as Faith Sloan, I would seriously have to start being a little paranoid about having a registered letter arriving into my mailbox for an audit.
Looks like the Sloan has moved on to Lucrazon: bigshotmillionaires.com
Yes apparently Lucrazon and QPay are the reload scams of choice for those fleeing TelexFree. Watch the plebs they duped follow them over…
Cuz y’know, this time it’s bound to be different.
Never mind the mail man. If I were these guys I’d be hiring a body guard. There’s a lot of money riding in this scam and I’m sure a lot of seedy charaters who are not going to be so thrilled with the Rock Stars when they can’t get their money back.
Owners and top dogs faces are plastered all over the internet and personal information is easy to find.
In Brasil, Costa was able to make the government the demon in the deal and so people remained loyal thinking Costa was fighting for them. Those that joined under USA team sound pissed and are going to feel like a fast one has been played on them. And, actually it has.
I wonder how this is all playing out in other countries like China, Africa?
Hard to tell in Africa, not much news there.
TelexFree never got to China. They come down HARD on illegal investments.
@Chang
Are you sure they aren’t there?
No, but if they are, they won’t last 6 months (TVI Express was exposed in about 3 months and outlawed in 6)
Unbelievable….
Well, hope she doesn’t think she won’t be held accountable for the past year. I know she’s been able to slither her way out of it in the past but it’s a new world with internet access. To big for governments to look the other way now.
In a utube audio titled Mailbox Money Labriola is going on about the then, upcoming Boston event (now in the past).
All the corp people would be there and that a new CEO had been hired and would be introduced at the event. Someone with (of course) an awesome background in MLM and comes from a great company.
Anyone know who this is?
So apparently you don’t need to sell any services/product and you dont need to recruit anyone to make money on TF. and you can get a guarantee on your principal
That is what I got from the video…
@Dorothy
I’ve heard mention of this CEO but haven’t actually seen him or her named.
Once again, TelexFree corporate are hopeless with communication now that they’ve got the SEC on their tail.
I think there is some exit strategy going on as we speak. In Brazil a fake news that always parrot gossips “pro-TF” is reporting some disgruntled team leader stating that “to invest money today in TF is madness, how can anyone invest to make less money than they put in (under the new plan that was to change second time but it turns out did not change as it went back in effect the rule of 5 active VOIP + 2 affiliates with 5 VOIP active each ).
This ararunaonline.com is totally biased in spreading all kinds of absurd lies and now to come with this bomb means we MAY BE ONTO SOMETHING AS TF MAY BE PHASING OUT THE SCAM AND EXITING SOON maybe because the act is over and they know it is crumbling ( maybe more GOV inquiries of different agencies??? maybe new subpoenas??? ).
GAME OVER???
So apparently TelexFree US affiliates are now capped at withdrawing $1000 at at time. Previous limit was $10,000.
No official word from iPayout or TelexFree explaining the reason behind the change.
what is this??? A clown show? Or perhaps a looser parade!! while you keep waisting your time and talking BS about TelexFree I already made 50,000 on it over the last 6 months working about 1 hour a day, thanks to that Im being able to pay for medical school.
So, if it were to end today i have no loss, only gain. I know more than 1000 people personally who feel the same way. So please stop hating and (Ozedit: recruitment spam removed).
Don’t spend all the money. Remember you will be sued by Feds to return your illegal gains.
If there’s a new plan out in the wild today I haven’t seen it yet.
Sloan’s claiming there’s an update but unless I’m missing something obvious it looks the same to me. Affiliates still need to invest $249 a month to keep up the “we have customers” charade.
No $249 a month, no ROI.
Hey BORIS,
#1- I have not done anything illegal (go to the US Security and Exchange Commission website and lookup telexfree and see if you can find any alerts or derogatory information) ANSWER IS NOOO. Company is endorsed by SEC.
#2- I received my 1099 tax report from TELEXFREE and filed my taxes to the Federal Gobernment, and paid what was due. No audit no questions, no problems.
#3- I have not enrolled anybody under my network, in fact all the accounts were payed with my own funds and I sell VOIP services to people who really enjoy them and have no complaints. I also place online clasified ads for the company and get payed for it.
Is any of this illegal???
Please do your research before you spit some more uneducated words out of your keyboard…
So uh, any company not listed on the SEC website is “endorsed” by them now? Son put down the TelexFree koolaid and check into the nearest ER dept. I’m not kidding… it might already be too late.
As for illegal, Ponzi schemes are illegal. Your own actions are neither here nor there, although volumes about your character are evident if you participate in them knowing full well what they are.
It’s an even bleaker picture if you’re running around the internet trying to convince people the SEC has endorsed said Ponzi scheme too.
Two recent Ponzi schemes have already tried this angle and been shut down regardless (Zeek Rewards and AdSurf Daily). You were saying about research…?
Did you receive a CORRECT 1099-misc tax form?
Some people have complained about too high amount stated in the 1099, but they didn’t tell how much (high/low amount). Some believed January payouts partly had been included.
I haven’t seen any of those comments myself, only heard indirectly about them.
* Payout to the back office only isn’t taxable.
* Payout to e-Wallets should normally be taxable.
* Withdrawal from e-Wallet is clearly taxable.
* Money paid IN to Telexfree should be deductible.
* Internal transactions are neither taxable nor deductible.
Was your 1099-misc CORRECT?
The tax rules I used there are similar to the rules that were used for Zeek Rewards after the shutdown.
“Taxable” is about income tax (not return on investment).
“Deductible” is normally about “business expenses”, “costs to earn an income”.
Not to “waist” your time, but don’t you have be able to spell correctly just to get accepted to a junior collge? Let alone med school? Gimme a break.
And what are all the “loosers” loosing? I think you meant LOSERS. Post grad my butt.
people in Cambodia,one of the poorest countries in South East Asia, are getiing crazy with Telexfree. Now Top Leaders are claiming Telexfree is recognized by SEC asa legal company.
In additon, the new compensation plan is even better than the previous one. I am so sick of these. I just wish Telexfree get shut down soon and stop paying so that those idiots will get to learn.
@Oz, is the new compenstation plan is really better than before?
Yes, and you’re the star attraction.
First Herbalife, selling weight management products like protein shake and herbal tea to a country with NO obesity…
Now TelexFree, selling VOIP nobody uses to a country that doesn’t have much of Internet…
What’s next? Selling poor Cambodian air? Water?
Soooooo… any official word from SEC? is TelexFREE legal now? hahahah
i really dont see a market for a reliable VOIP service here in my country… i really dont.. it just amazes me though how people are getting into this crap..
ohhh.. and now some TF people are even crossing over to GOLDEX .. which is supposedly better than TF and 100% legal.. c’mon haaahaha
And a country where around 30 out of 100 citizens own a PC, compared to the USA where the rate is around 80 / 100.
More evidence that selling VOIP is nothing but a smokescreen to hide the pyramid
@monivann
If you’re asking if it delivers a higher ROI, I’m reading chatter from leaders about being able to game the system with 3 accounts or 5. This new 2 accounts requirement seems to have gotten some leaders excited.
Trouble is it still appears to be ass for new investors without downlines, so new money will dry up quicker than ever. Still waiting on something official to be published by the company.
The official comp plan FAQ shows March 10th still and hasn’t been updated. The only thing I can think of that would be affecting the lack of official communication is the SEC investigation.
Either TelexFree corporate are playing it overly cautious or they’ve been told to keep quiet. Before the investigation you couldn’t shut Costa up if you tried. Facebook has been dead 20 days now.
On March 15th Faith Sloan stated in her blog,
[Notasheeple] This will be the last time I comment or visit this site, I thought it was a serious informative forum but it seems to be a one sided dictatorship. I must dedicate my last comment to you (Notasheeple):
First of all thanks for your free grammar lesson. Unfortunately English is not my first language, I was born in Spain to Portuguese parents, so spanish and portuguese are my strong languages. I happen to have a Master of Arts degree in Chemistry and got accepted last year into medical school. Turns out that MCAT Does Not measure your grammar but your Math, Science, Psychological and Leadership skills. Which I’m sure you lack, “based on the fact that you don’t understand Telexfree”
To all of you MLM haters, I hope you understand that there are millions all over the world who’s lives have changed thanks to telexfree and many other MLM businesses.
I dont know about Cambodia, but I have many friends in poor countries like Dominican Republic, Guatemala, Salvador, Nicaragua, Peru etc, who are very happy with the business and the VOIP service, it really works there. I call my family in Spain all the time without a problem, and my wife calls Cuba at the lowest price of the market with this Useless Voip like you guys call it.
So just Imagine for a second, how all this people see you when you say that “you wish telexfree got shutdown tomorrow”, You are wishing for millions to fail so that you can prove some kind of misslead point… Good Luck to you all and god bless Telexfree!!!!
@JC-TF
Millions will fail because there are seeking the easy way out just like you are. What’s telexfree? Robin Hood?
There it is: ode to a scammer.
*cue world’s smallest violin*
Yeah, right… You sure have learned from Carlos Costa how to evoke God in every conversation. Speaking of the devil, CC will make one of his speaches soon. Stay tunned into their Facebook page.
@JC
Education does not = Common sense. You’ve proved that point nicely.
If this blog was a one sided dictatorship your post would not have appeared. So long JC
HA. Good one.
It is a serious informative forum if you’re looking for the truth. Must be feeling quite alone with all those lies you’ve gathered up there.
Neither was mine. I was born to Chinese parents speaking Chinese and Cantonese. So what?
Nope, I am wishing a scam to die a quick death so you can wake up from your Matrix that much faster. It won’t be pleasant, like Neo got flushed from that tube, but “Welcome to the real world” as Morpheus said…
Or you prefer to be Cypher?
Could anyone tell me about TF now? how going on and It will be close by SEC or not?
@Komary
It’s all still playing out, you can always view the latest BehindMLM TelexFree coverage here.
@Oz
I had read news from this website
(Ozedit: see here)
At Rwanda already banned TF. So, that why make me think that TF will be shut down again in US as in Brazil.