TelexFree @ BehindMLM

Earlier this month it was revealed that Rwanda had launched an official investigation into the business operations of TelexFree. The investigation formally began on February the 19th and was a joint effort between the National Bank of Rwanda and The Ministry of Trade. Now, a month later the result of the Rwandan investigation has been [Continue reading…]

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 [Continue reading…]

With TelexFree affiliates publishing all sorts of rubbish pertaining to the SEC investigation of the company, it was only a matter of time before the company itself would have to address the regulatory elephant in the room. Unfortunately those hoping for information on the Wednesday subpoena summons are going to be left disappointed. TelexFree’s lawyers [Continue reading…]

As first reported by Patrick Pretty, the US state of Massachusetts Securities Division has confirmed they are investigating TelexFree. A US investigation was first announced by Brazilian Public Prosecutor Alessandra Marques back in January, with TelexFree denying there was an investigation taking place at the time. Since Patrick Pretty’s initial announcement at least two independent [Continue reading…]

I think we can all agree at this point that TelexFree’s new compensation plan has been hastily put together in direct response to the recently revealed Massachusetts Securities Division investigation. Nobody seems to really understand it, the information that has leaked out thus far raises more questions than it answers and for reasons known only to [Continue reading…]

Despite Steve Labriola, TelexFree’s International Marketing Director, promising affiliates that “if there’s something going on we’ll let you know,” at the time of publication the company has failed to make any official announcement on the Massachusetts investigation. Fresh from partying it up in Spain, Monday has all but come and gone in the US and [Continue reading…]

Despite the repeated claims that TelexFree’s existing compensation plan and business model was “absolutely not a Ponzi scheme”, the company has decided to recently announce some changes. Likely due to the co-incidental timing of Massachusetts confirming a US investigation into the company and issuing subpoenas ordering TelexFree officials to appear before the SEC this Wednesday, [Continue reading…]

Over the past month or so Steve Labriola, TelexFree’s International Marketing Director, has been flying around the world seeking to strengthen the company’s efforts to attract new affiliate investors. The Dominican Republic, Haiti and Spain are just some of the countries Labriola has visited recently, and as he continues his affiliate investor recruitment-drive globally, his [Continue reading…]

After accepting $289 AdCentral investments on the promise of a $52 a week ROI for roughly two years, TelexFree recently announced some upcoming changes to its compensation plan. Some details of the plan have emerged in Portuguese but as of yet no official English documentation has been released. Two days ago Carlos Costa, one of [Continue reading…]

Back in January of this year, Allessandra Marques of the Acre Public Prosecutor’s Office confirmed that a US regulatory investigation into TelexFree is underway. Citing the “senstive” nature of the investigation, no further information was provided. Despite the obviousness of regulators in Brazil likely being in contact with regulators in the US (TelexFree are registered [Continue reading…]