TelexFree @ BehindMLM

Carlos Wanzeler arrested in Brazil on US warrant

Just days after the Supreme Court rejected his citizenship appeal, Brazilian authorities have arrested Carlos Wanzeler. Things are moving far more quickly than anticipated.

Carlos Wanzeler loses citizenship appeal, extradition next

Carlos Wanzeler has lost his citizenship appeal, finally paving the way for extradition to the US.

Sann Rodrigues fled Brazil with help of Federal Police

Federal police have launched an investigation into how Sann Rodrigues managed to flee Brazil in 2015.

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.

TelexFree funds used to purchase Florida apartments

Brazilian prosecutors allege Carlos Costa, co-founder of TelexFree Brazil, used investor funds to purchase ten apartments in Florida.

Major roadblock for TelexFree victim distributions removed

Unbeknown to me (and I imagine a fair for of you), the Plaintiff’s Interim Executive Committee (PIEC) and TelexFree Trustee have been at loggerheads over investment flow. Following two rulings that sided with the Trustee on the matter, now a First Circuit appeal decision has also followed suit.

How TelexFree funded a Paul McCartney concert in Brazil

A report by The Gazette has revealed how back in 2014, TelexFree funded a Paul McCartney concert in EspĂ­rito Santo, Brazil.

TelexFree Trustee urges victims not to sell claims

The TelexFree Trustee has warned against victims selling approved claims.

Brazilian court orders TelexFree (Ympactus) into bankruptcy

A Brazilian affiliate has secured a bankruptcy judgment against TelexFree. What does that mean? …I’m not sure.

Faith Sloan already violating her $778K TelexFree Ponzi judgment

On June 3rd a $778,455 final judgment was entered against Faith Sloan. Sloan’s judgment was part of the SEC’s case against TelexFree scammers, who collectively stole over $3 billion from their victims. As part of the judgment, Sloan is “permanently restrained and enjoined” from committing securities fraud. Trouble is that while her attorney was engaging [Continue reading…]