TelexFree @ BehindMLM

Fed up a year of lies and stalling, in August the SEC filed a motion requesting that Sann Rodrigues be found in contempt of court. The regulator demanded Rodrigues be sent to jail, pending identification of all his current accounts and restoration all assets transferred or disposed of in violation of the Asset Freeze. Rodrigues initial [Continue reading…]

As the contempt feud between Sannderley Rodrigues and the SEC heads towards a judicial ruling, Rodrigues has made an appearance in a YouTube video. The video is titled “Evento Único com Sann Rodrigues 1”, which Google translates to “Single Event Sann Rodrigues 1”.

Earlier in August the SEC filed a Motion For Contempt against Sannderly Rodrigues. In their motion, the SEC argued that Rodrigues had failed to provide the regulator with detailed accounting records for over a year. This, the regulator contended, was grounds to send Rodrigues back to jail until the court order had been complied with. [Continue reading…]

One of the primary hurdles in establishing a claims process for TelexFree victims, was obtaining legal certification that TelexFree was a Ponzi scheme. To that end the TelexFree Trustee filed a motion in October. In it, Stephan Darr requested a Judge rule on whether or not TelexFree operated a Ponzi scheme. This in turn would render them [Continue reading…]

In an attempt to fend off being found in contempt of court, Sann Rodrigues recently asserted his Fifth Amendment right, along with claiming ignorance of the court-ordered asset freeze against. Claim the SEC: Neither of these arguments is availing.

Stephen Darr, the court-appointed TelexFree Trustee, submitted a report earlier this year identifying TelexFree was a $1.8 billion dollar Ponzi scheme. With TelexFree’s bankruptcy proceedings on hold, Darr has submitted another damning assessment. The guarantee of an astronomical return on the initial investment without the requirement to sell any product created perverse incentives for Participants. Participants [Continue reading…]

We’d previously learnt that Sann Rodrigues was actively promoting the DFRF Enterprises Ponzi scheme. Who knew though, that in an effort to hide his assets from the SEC, Rodrigues’ ties to DFRF and Founder Daniel Filho run oh so much deeper?

Following a contempt hearing on September 30th, the court directed Sann Rodrigues to file a Memorandum in Support of why he shouldn’t be held in contempt. Previously Rodrigues’ attorneys had argued that he couldn’t speak English, and therefore didn’t understand the asset freeze order in place. The SEC declared that argument “nonsense“, with footage of [Continue reading…]

Following claims by Sann Rodrigues’ lawyers that he can’t speak English, the SEC have filed their response. They’re not too happy.

Last we checked in back in April, a defense lawyer was attempting to delay criminal TelexFree proceedings till June next year. Two of TelexFree’s founders, James Merrill and Carlos Wanzeler, stand accused of operating a $1.8 billion dollar Ponzi scheme. We’re not sure whose lawyer requested the delay, but we do now have a definitive [Continue reading…]