TelexFree @ BehindMLM

As part of my daily blogging routine for BehindMLM I digest, research and analyse a ton of information within the MLM sphere on a daily basis. Earlier this morning I was conducting my usual MLM news and research rounds when I stumbled across the following curious pop-up over at the BBB website: Dubbed a “routine [Continue reading…]

Over the past few years two schemes have risen to the top of the Ponzi scheme cesspool currently ravaging the Brazilian MLM industry. TelexFree hid behind the supposed sale of VOIP software whereas BBOM pretended they were selling GPS tracker units. Both companies claim to sell products to retail customers that simply don’t exist. TelexFree [Continue reading…]

Around the seventh or eighth appeal, the TelexFree legitimacy horse was bruised, bloodied and bashed to a pulp. Now after the twelfth appeal, the carcass has long since decomposed and all that’s left are some bones and entrails. And still TelexFree management rattle the debris and kick at the dirt. Adamant that paying affiliates a [Continue reading…]

Following the loss of TelexFree’s interlocutory appeal early last week, it appears that the company filed yet another appeal in an attempt to persuade the Acre Civil Court to reverse an injunction that currently prevents the company paying out existing investors or signing new ones on. From a legal standpoint TelexFree’s appeal doesn’t make much [Continue reading…]

Last week, shortly after a judge denied his application for anticipatory bail, Carlos Costa (one of the three owners of TelexFree) put out a twelve-minute YouTube video outlining a proposed matrix based business model. The idea behind the new model was that TelexFree will petition the courts in Brazil to permit them to adopt the [Continue reading…]

You knew it was coming. I knew it was coming. After nine previous appeal denials in court it seems the only people who refused to believe it was game over were TelexFree investors outside of Brazil still trying to convince people to invest, and those in Brazil who had invested their money with the company. [Continue reading…]

With TelexFree Brazil in crisis mode and hundreds of thousands of affiliate investors money frozen in company accounts by court order, the company has begun to focus on new markets, hoping to lure new investors from the US and Canada to keep the scheme going. Over the recent July 26th and 27th weekend, TelexFree held [Continue reading…]

As was reported on Wednesday July 10th, TelexFree latest attempt to circumvent a business crippling injunction handed down against them in June was to file an injunction appeal of their own. Upon filing their injunction, which marks the third attempt by TelexFree to lift the Acre injunction against the business, the company advised that they [Continue reading…]

Earlier this week on Monday TelexFree had their formal appeal unanimously rejected by three judges in Acre’s Civil Court. Despite the granting of a business crippling injunction and rejection of two appeals filed against it, TelexFree continues to talk up its current legal position. In additional ongoing efforts to appease their Brazilian affiliate investors, the [Continue reading…]

Despite the widespread belief held by TelexFree affiliates that the three judges hearing the company’s injunction appeal today would overturn the decision, this did not take place. In what appears to have been a rather brief hearing in Acre’s 2nd Civil Chamber Court, a unanimous decision was handed down denying the company’s appeal. For now, [Continue reading…]