TelexFree affiliates storm office, staff trapped
What happens when you pull the compensation plan rug out from thousands of affiliate investors and then refuse to communicate anything officially to them?
A mob of angry TelexFree affiliates stormed the company’s Massachusetts office, prompting neighboring companies in the building to lodge complaints.
TelexFree’s reception staff, complaining themselves about being “unable to walk” amongst the affiliate crowd, went and pulled Steve Labriola, TelexFree’s International Marketing Director, from his daily business to address the gathering.
Addressing affiliates phone in hand, Labriola tells them “not to worry”. What exactly he’s telling them not worry about is unclear, however if I had to guess I’d say it was the recently revealed SEC investigation, and/or TelexFree’s new compensation plan – which thus far the company has failed to adequately explain to its affiliate-base at large.
The company did hold a compensation plan training meeting event a week and a half ago in Boston, however news soon broke just a few days later that the plan had changed again. Meanwhile at the time of publication, the TelexFree website is still showing no updates since the 10th of March, almost a fortnight ago.
Labriola goes on to reassure the no doubt frustrated, agitated and anxious affiliates,
It’ll all get back in your backoffice at the end of this week. Really. It’s just the conversion, the change-over.
You’re not going to have to sell back stock anymore, that’s going to be a thing of the past but you’re still gunna get paid under your contracts. Don’t worry about that.
The selling of back stock Labriola mentions was the facade of affiliates “selling” back of VOIP contracts to the company each week, in order to justify the $20 ROI paid out per $289 affiliate investment.
You can help our staff if you just kinda open this area up a little bit, it would be a great help to all of us.
So I wanted to get out and let you all know things are moving in the right direction. Absolutely. There’s a couple of bumps we’re working through right now but don’t worry about it.
We’re still going all out. We’re still going to keep building a future. We’re still going to give you all of the things that we promised you… just be patient with us and help us work through this.
At this point an affiliate tries to ask Labriola a question, to which he responds:
I don’t have time for questions. I have a call I was supposed to be on at noon but Danni came into me and said that “you can’t even walk out here” and I wanted to come out here real quick and let you know;
If it’s the repurchasing thing, please, please, just move on out. You’ll get taken care of, don’t worry about that.
Thankyou.
Labriola then leaves the office foyer. Who was on the other end of the phonecall that took precedent over Labriola answering concerned affiliate’s questions is unclear. Similarly whether or not his response answered what those assembled had come to ask was also not immediately clear.
Back in January Labriola told affiliates ‘if there’s something going on we’ll let you know‘. Evidently however that sentiment doesn’t extend past the actuality of “something going on”.
Labriola addressing the crowd of TelexFree affiliates assembled at the company’s head office can be viewed below:
The office looks a little bigger than the PO box they had.
One suspects TelexFree USA will disappear of its’ own accord before the authorities get a chance to shut it down.
With the amount of negative publicity WRT TelexFree increasing almost daily, it’s hard to see TF USA being able to attract the numbers of new members (and therefore new money) a ponzi / pyramid requires to sustain itself, much less grow.
Unfortunately for the current members, they cannot withdraw their money, even if they wanted to.
not true buddy! You can use the E-Wallet to transfer your money. It seems like you don’t know what you are talking about!!
And the problem with the credit was only for this week…. I already have for next week. I was there this morning and they told by the end of this week the missed week repurchased will be deposit in the account.
What is “not true” ???
You are easy to satisfy, aren’t you ??
Next time you go to buy a pizza, just tell the guy “You’ll have the money by the end of the week” and see how far it gets you.
They probably redecorated Wanzeler’s DiskAvontade office.
TelexFREE is totally a piece of shit after all.
Who’s the blonde 🙂
When company can pay back for misspurchase?
If you listened to the audio’s Labriola has made over the past year on utube etc, he says the exact same thing every time.
Bumps in the road? Telexfree’s road in the past year has been like driving on the moon. And as far as building the future? Seems like today is last years future and things aint lookin so good now are they?
Glad to see some people stepped forward but sad to hear they were once again manipulated easily by someone so mediocre.
To Telex investors: Keep bringing attention to the company because that’s the only way you will have a chance in getting things squared. Go to your Town Hall, go to a news paper. You need help from those outside the company not from the ones who picked your pockets.
Office? Of course they can afford an office now. I’d bet may grandmothers rocking chair they fly first class now as well. Nothing less for our Telex “Rock Stars”…
I think he was ordering a pizza. : )
Apparently there is a problem with the payments and the affiliates are unable to collect payment. Here is a link my sister-in-law posted on her page. It must be affecting everyone worldwide if she posted it on her page as an explanation. They usually brag a lot to promote their “business” and they have been very silent since they came back from Boston.
http://www.teambuilderperu.com/node/26
What I’d like to know is where was that heavily armed, TelexFree, Brazilian Rambo when all this went down?
I bet he’s hiding in the rain forest somewhere hoping the military doesn’t send the scent hounds after him.
I am pretty sure that guy’s show was just an strategy to try to convince people he’s a “fighter”, a “people’s person”, and a “martyr”. He sure will be migrating his group (of scammers) to another scam soon enough.
There are some videos in Youtube showing our latino Rambo showman already doing that.
Probably in Thailand, catching cobras.
IKR? I think not everything in TelexFree is bad… 😀
Interesting to see affiliates in Telexfree office’s demanding to get pay from last week and the Peruvian side apparently did not get paid as well, while in brazil telexfree just paid that hefty fine.
Is this a sign off funds running out? Trying to connect the dots and in looks like the end is very near.
You guys are like Vultures……Just waiting for the body to die……everything is back to normal as he said yesterday in the office!!!! My account is back to normal.
@eddy that means that the new affiliate money is coming in to pay for your illegal earnings, if you want to call it that
You guys are so pathetic!! all you want is for this company to fail..how much miney are you guys making a month, please share.. i’m pretty sure nothing because spending time on this forum all day bashing TF is not paying your bills, so how can you bash on people making thousands everyweek?
i dont undertsnad that, isn’t making money everyones goal.
Scared little cat you are! Illegal? As far as I know, I am within the law! Vulture……..nothing more……scared little cat!!!
You guys are like ostriches… bury your head in sand, telling yourself everything’s fine, and wait for the world to fall on your a**.
@Eddy, With all your money why don’t you get yourself a dictionary
Vulture definition by Webster’s New World
I called the phone number listed on my husband’s 1099 tax form from Telexfree, because I have yet to receive my 1009. It is the phone number of Craft Financial Solutions, Indiana. The lady who answered said the phone said the number must have put there by mistake, because they have nothing to do with 1099’s for Telexfree.
I am preparing to file a 4852 IRS form for my taxes in place of the 1099 I have not yet received.
Owner of Craft Financial Solutions, Joe Craft, seem to be a TelexFree promoter.
In fact, there’s a video of Joe Craft at the Vegas seminar / event touting that new TelexFree “MFA” product.
This rabbit hole just keeps getting deeper, doesn’t it?
It gets worse. Faith Sloan claimed that Joe Craft is TelexFree’s CFO
telexfree.faithsloan.com/webinars-calendar/news/
@Timbers — you’ve been lied to… or the receptionist is ignorant of the facts.
I have indirectly tried to warn people about potential fraudulent 1099-misc from TelexFree, just like we saw in Zeek Rewards.
* the back office doesn’t contain any money (TelexFree isn’t a bank, and the back office isn’t a bank account).
I have indirectly heard that some promoters felt they got slightly incorrect amounts in their 1099 tax forms. Not incorrect enough for anyone to react with suspicion, but incorrect enough to ask other promoters about it. “Looks like they have included some payouts for January” types of reactions.
So far I have only managed to ask ONE promoter about whether or not the tax form he received was correct, but he decided not to answer. He posted a long post about “MLM haters”, and about his decision to leave this website for good.
* money paid IN to TelexFree should normally be deductible as “business expenses” / “expenses to earn income”. There’s 2 different methods that both CAN be correct ones, accrual method and cash method.
* internal transaction to and from the back office are not monetary transaction, not taxable events.
* Withdrawals to e-Wallets (controlled by a third party payment processing company) are taxable events, taxable as income.
* Other types of withdrawals of money OUT from TelexFree should be taxable as income.
* General rule: “Money IN or OUT = taxable events (income tax, deductions). All internal transactions that don’t involve real money are not taxable events”.
The “tax rules” I presented here are similar to some corrections in Zeek Rewards, corrections people had to make (and still are making) AFTER Zeek Rewards was shut down in August 2012. They are not rules, but rather tests people can use.
Howard Kaplan’s general tax advice to Zeek Rewards affiliates in February 2012:
“Run it like a business = Keep your OWN records and documentation of all monetary transactions, work done and time spent doing the work, products bought and sold, and people you’re doing businesses with. Make sure you understand the business good enough to communicate it and explain it to a professional tax advisor”.
That’s the GENERAL ADVICE if you’re participating in income opportunities, but it’s more important in some opportunities than others. It doesn’t need to be too detailed either, just enough to have an overview.
Howard Kaplan is a tax attorney or something similar. His advice was too detailed to be functional for most people, but the IDEA itself was actually good.
We have no intentions of turning this website into a tax discussion forum. The focus isn’t on personal taxes, but on correct or incorrect tax returns as part of potential scams.
Oz, check the fixed Post on Telexfree Universal group on Facebook:
Censorship running loose!
@Mike
Nobody is “bashing” anyone. TelexFree is a Ponzi scheme.
Leave your emotions at the door please.
Again, nobody is against people making money. It’s how you make that money that matters.
You’re going to have to do better than that if you want to reframe the issue away from TelexFree being a Ponzi scheme.
@Kasey & timbers
So putting 2 and 2 together, TF hired these guys to do the 1099s and for some reason now they’re denying having anything to do with the company?
How strange.
We’re not tax experts here, the only thing I know is that you should file “something” about the income from TelexFree, if you’re a normal taxpayer.
I participated in some tax discussions about the 2011 tax forms from Zeek Rewards. The purpose was to build up some general knowledge, enough to recognize the commonly used tax principles and to communicate it.
TelexFree has several “tax traps”, e.g. methods to avoid paying income taxes. It also has “traps” where people potentially may pay MORE taxes than they should.
* cash payouts to e-Wallets / debit cards is a commonly used method for tax evasion.
* internal transactions of non-monetary “units” can be used to mislead people to file higher income / higher deductions.
* recruiting members can accept DIRECT payment from people they recruit = taxable event, but it won’t show up in any tax form from the company, it won’t show up in any auditing. It will potentially show up in forensic auditing.
The TelexFree you joined was a Ponzi/pyramid hybrid. I haven’t checked the new compensation plan. You shouldn’t be too eager to follow all types of advices, some of them may have been designed to protect the organizers rather than the promoters.
So are they firing Sloan for her public melt down/tantrum over the new compensation plan and all that didn’t happen in Boston? Did they convince her/bribe her to erase the angry dis satisfaction she expressed for what’s going on with the new plan?
She said she and Labriola had a late night talk and an early morning talk. I wonder what he said or promised to make her change her mind.
Congradulations Sloan…you obviously understand you’re value in the company/scam and negotiated a deal to shut your mouth. Still won’t protect you from the man this time.
Unless you are the man. Now that would be an interesting twist.
I have trouble understanding how people can legally declare on their taxes any expenses when they openly purchased tons of positions under their own accounts in order to somehow make a profit. I would imagine how an accountant’s head would spin trying to make any sense of the declaration.
I seriously doubt people like Sloan even declare any of their ponzie earnings. My guess is that all the top TelexFree promoters at this time are not laughing on their way to the bank anymore, but rather fearing the outcome of the audit about to fall upon them.
If they get audited, any earning deposited into their bank accounts will be questioned and for example, if Sloan is raking in more money from other new ventures she is in, she will have some serious explaining to do.
According to what I read that form is completed by taxpayers (or their representatives) in two cases. One, their employer or payer doesn’t give them a Form W-2 or Form 1099-R. Two, their employer or payer has issued an incorrect Form W-2 or Form 1099-R.
If you not an employee without a W-2 or not a recipient of an IRA distribution who did not recieve a 1099-R, you should not use a 4852. If you feel so inclined just declare other miscellaneous income.
It’s the end, folks. This happened with Zeek too.
And is currently happening with the dead / dying HYIP ponzi, Banners Broker.
Once that sort of things starts to happen, as you point out, the scam is indeed, dead.
If the payouts are taxable as income, then the money they have paid for the income can normally be deductible. But I started the whole post by identifying “We’re not tax experts here”, and I added a lot of other info about that.
I would have been very careful using deductions like that in SOME situations, e.g. if all positions were bought late in the year = low income, high deductions.
“It isn’t about what it IS, but about what it was recognized as during the tax year”. Payouts from RVG were recognized as taxable income (1099-misc), even if it was shut down as a potential investment fraud later the same year.
Tax rules will use the term “taxable EVENT” to identify the correct tax method. A payout is a taxable event. Money paid IN to the company generates a taxable event for the company, and a potential deduction for the one paying the money.
I know a lot of people who live here in the USA and are collecting thousands of dollars every week from TF and will not pay any taxes on it. They are registered with id’s from their country and get the earning from transferring the bonuses to other people for cash.
What’s going to happened to them?
Nothing, probably. I wish laws were harder when it comes to scammers and their scams. But as we all know, they just keep jumping from one scam to another.
I’m not sure I interpreted the details correctly, but people are generally familiar with some tax evasion methods, and so are probably authorities.
Your friends may be vulnerable to forensic auditing = when they analyse the whole system, including how the accounts are organized.
I don’t know how that will affect the situation. “Some plans may work, some plans may fail”. I have seen both types of plans.
I’m not familiar with “bonuses”, but I’m familiar with how they sign up new people and receive payments directly to their OWN bank accounts, while they pay the bills for the new member using the balance they have in the back office.
That method is highly vulnerable to forensic auditing. If investigators KNOW about the method, they may look specifically for it. And it’s much easier than they THINK to identify something in a database.
Most anti clawback plans / tax evasion plans I have looked at have flaws. They are usually too “one-directional”, i.e. they ASSUME problems will need to be solved in one specific direction. They focus on what they can SEE themselves, “closing the front door only”. “Who could have thought anyone would climb in through the window?”.
You will find the method discussed in the MMG forum somewhere around page 40, late June / early July 2013. Disabled link to one of the pages (page #43):
moneymakergroup.com/Telexfree-Telexfreeco-t415036.html&st=630&start=630
All of this discussion about auditing and tax liabilities is predicated on the fact we are discussing “normal” business activity.
TelexFree is a top to bottom fraud.
People can and do join under false names, using anonymous payment processors and / or a string of anonymous payment processors
There is (deliberately) no “Know Your Customer compliance.
“Normal” rules and theories don’t apply.
I wouldn’t have used a method like that, because of the “one-directional thinking”. Often the people using that method will receive transactions from someone who will become a net loser, directly to their own bank accounts.
The transaction may pop up in a claims process, e.g. if the net loser provides documentation for the transaction.
The method isn’t a “TelexFree secret”, it has been known in other programs too. The MMG thread used SpeakAsia (2011) as an example, and the same method has been discussed for BLGM (Better Living Global Marketing) on this website.
I was able to find the MMG example in my first try, by searching for speakasia+telexfree.
“Things are often much easier than people THINK”. I only needed to take a quick look at one of the back office training videos to understand most of the internal transactions and what they could be used for.
I thought exactly the same way. Do you report your illegal profit as revenue from business or as investment income? There is no more options and both are bad for reporting ponzi profits. So my advice, just flip a coin or do not report at all hoping that you do not get caught.
@Dorothy…. Really!! So that is the definition of Vulture!!! ahahah!! Thanks Dorothy!!
If I look in the dictionary, I will find your picture under the definition of Vulture! It is a metaphor…….smart-ass. I will buy you a whole library with Telexfree money.
As Sloan wrote on her blog updates, it looks like TelexFree is going to be just fine…Cough cough…
How long, will it take, before the regulators in the USA to close down this scheme, and are the “clawback” laws going to be enforce in third party countries???
I sincerely hope so, I live in Portugal and there is this island were 16% of the population/fools about (41000) invested in this petty scheme and the general sense is that because of the portuguese laws they will not have to pay back anthing.
So they keep scheming more people and this becoming a real big problem there… and ppl like me that dont invest keep being coerced and even threatened for denouncing this scheme.
Haven’t they ever heard the old saying “shutting the stable door after the horse has bolted” ???
It’s way too late to try and undo the months and years of being illegal.
The fact that they are honoring the old contracts of paying to place adds seems to negate this “new” comp plan. It means that if someone came on in Nov/Dec then Telex would be running the scam for another entire year.
What are they going to tell the SEC, “Hey guys we’re going straight as soon as we clear up the old contracts???”
@Eddy
Awe…you hurt my feawings. : )
Moron
Dorothy,
You are sickeningly dumb for a person who wants to act like she knows so much.
All of you need to leave tax advising to paid tax advisers. Joe Craft is the CFO of Telexfree, a CPA & a NY Times Best Selling aithor. .He co-wrote “It’s What You Keep.” His firm provides the prepaid financial adviser services under MFA.
Wow, that is one hell of a PO Box shared address office. I wonder why the regulators aren’t doing their jobs as you all demand.
@Shy
Lol perhaps you need to learn to read. I said nothing about taxes. I was commenting on your Ponzid Scheme continuing to run the same program while pretending to go legit.
Apparently I know enough and have a moral code that you are lacking since I am not participating in a Ponzie Scheme. You must be weak minded since you were so easily convinced. 🙂
Joe Craft? Very unimpressed with a man that would join a ponzie scheme.
@shy
By the way, I’m not acting….I am
This is just like in the final days of Zeek Rewards, when the ponzi players were out in force defending their moneymaking scheme and mocking those who saw it for what it was, right down until the day it disappeared. Then all that smug arrogance turned into despair.
And you know they aren’t “doing their jobs” how, exactly ???
This isn’t TV where a crime is committed, solved and the perpetrator gaoled in 60 minutes including advertising breaks.
How many ponzi /pyramid cases have you followed or even researched ??
What would be the “average” time taken to bring a fraud case to the prosecution stage, would you say ??
In your vast experience in such matters at what point do the Secret Service / FBI / SEC release details of an ongoing investigation to the public ??
Here’s a recent ponzi / pyramid case with which you are sure to be familiar – that of Zeek Rewards.
How long from inception of the investigation to filing of the SEC civil complaint ??
How long after the civil complaint before criminal charges are preferred, would you estimate ??
#RIP TELEXMOBILE
http://patrickpretty.com/2014/03/18/washington-state-rejects-telexfree-bid-to-register-as-telecommunications-firm/
People should generally use independent advisors, not someone hired by a party with potential conflicting interest?
And they should certainly not use an advisor that might be a party himself, with completely conflicting interests.
* Joe Craft can be heavily involved in a fraud.
* His company can be heavily involved in a fraud.
Most of your arguments are irrelevant, e.g. the argument about co-writing a book. The book is PRIMARILY about how to save taxes on investments.
http://www.huffingtonpost.com/jordan-waxman/investor-taxes-what-you-keep_b_4978648.html
Nobody have raised concerns about his professional qualifications so far, they have simply not focused on him.
Here’s what the MFA is about:
That’s clearly not about the type of advices people need for taxes? He can train people to sell financial advisory services (e.g. retirement plans, business operations), if they are qualified in other ways. He can teach them how to set up a marketing plan and how to follow up on prospects and clients.
Hmmmmm, that all sounds very impressive so Joe must have miss the class on 1099’s having to be sent out by a certain date?
Why does this smells so much like the last days of Zeek when someone else suddenly takes over as head of company?
McMillan in recent years is all MLM. Immunotech, Arbonne, Excel Communications… And his current job is basically MLM consultant / troubleshooter… Same as end of Zeek. Hehehe.
I can smell trouble.
I cannot belive that a friend of mine that is involved in TF since beguining of the year refuses to admit it’s a ponzi and even belives that TF is reopened in Brazil plus President Obama has signed a document to say TF was legal.
When I asked him where he read that he replied in Telexfree website!!!
He has been brain washed or is in Denial mode. Happens to does that refuse to admit they were wrong.
Now his brothers that got him into to TF are moving on to another scam. This time he admits is a proper ponzi scam. Forgot the name but has WAY in the name or is it wings.
What is a New York Times Best Selling author these days? I did a search and got 54 Million results. Then I searched “how can a book on taxes be a NY Times Best Seller” and I got 2 results, both of which were 404 errors.
I bet the folks at TF will tell your friend that Obama personally called the TF offices and requested the documents to sign, and even FedEx’ed them back to TF via the Secret Service so that they won’t get lost or stolen in transit.
He should ask them for a copy of those signed documents just for shits and giggles.
Amway?
@Hoss
Apparently The New York Times forgot to put him on the list. I can’t find any results in a search either. Not surprised.
He’s one of those “co-authors” that gets no mention on the book cover or Amazon. Hahahahaha.
http://www.amazon.com/Much-Keep-That-Counts-Make/dp/0970753829/ref=pd_cp_b_1
Oh, and he’ll publish YOUR book for a hefty price through his own company called MentorEquityPress. Guess he got tired of writing bestsellers! Hahaha.
This post being cited by one of the main Brazilian news websites:
http://economia.ig.com.br/2014-03-19/divulgadores-cobram-explicacao-na-sede-da-telexfree-nos-eua.html
OZ, we sent this news tip to IG, and they posted it today. I had had linked your blog, and now you are quoted in Mainstream Brazilian news!
Well done!
@Oz,thank you…. Cant wait to see you on Oprah….lol
: )
Oprah? Not likely! (and didn’t she go off the air?)
She has her own cable channel now.
Jerry Springer?
Nothing more than vultures!!! Too scared to eat the body alive huh? Waiting…….
Me, a cross-section of the Ponzi industry’s angriest and a bunch of chairs probably isn’t going end well.
Probably be entertaining to watch though.
Take your mouth guard.
Keep waiting
(was he talking about us or the gathered affiliates?)
I thought he was asserting the affiliates were vultures.
Labriola kind of gives of a young Montgomery Burns vibe, even if the voice doesn’t match. He sorta looks like a vulture.
Edy doesn’t know who she’s talking about.
(Ozedit: Offtopic derail attempts removed, stay on topic please)
And dumb asses, I want you to think real hard and long about how a prosecutor would investigate a fraud..come on..you can do it..”doc.”..that is a hint “subp” is another and the time is proscribed by law once the investigative grand jury is empanelled. Go pay a lawyer for more than that.
Zeek Rewards and AdSurfDaily were both shut down for being Ponzi schemes without the use of a Grand Jury.
You can stop watching episodes of Law and Order now…
It’s OK, Danielle… I understand that people are attacking this thing which is going to make you rich and you’ll never have to work a day in your life again. But don’t attack the messengers, just look at the facts. The compensation plan and the fact that authorities are investigating, you just can’t ignore the ponzi warning signs.
And yes, people were this hostile to us when we were attacking Zeek, too, not long before it got shut down. I think they all had to eat a huge slice of humble pie. Don’t worry Danielle, the first bite is the hardest to swallow.
Not only that. Just try to realize what is the purpose that you have for Telexfree. You only served to attract people around you to the scam.
What is the point to continually pay you “interest” for the initial “investment” you had in the first place? Are you selling lots of VOIP? Are they really making all that money from the free ads you’re placing?
If you can pay third party to place the “ads”for you couldn’t if is really meaningful the company pays direct instead of having you as a middleman?
How can you really think this is sustainable?
Amen…
Why would you join a scam with your name and ssn? Why give away 30% of your profits to taxes on illegal money?
At the end people are not that naive. All they care about are their profits. Will they get to keep their profits? Will they get away with this or get caught?
Those are the questions that I am waiting for a verdict.
wow.this is an interesting discussion. joined Tf beginning of this yr before i knew it, all ponzi info was allover and u believed it was.
but looking at the newplan theres a lot of voip to sale and i think the company has outlined a way to make revenue as well as paying its promoters which is good compared to old plan where money was clearly from new recruits.
i think time will tell if we r really compliant. thanks all for yo insight.
@iluvTF
The promoters are all passive investors, they don’t want to sign up legit customers by marketing an overpriced shitty VOIP service.
If they can’t make it work by self-funding all of TF’s “retail” customer requirements, they’ll leave. I suspect new investor funds are going to dry up pretty quickly over the next few months.
TF has hired PR staff to spam the internet and affiliates are storming their head office demanding answers – the company is in crisis mode.
Ive been in since feb 2 and have not recieved a dime. I am locked out my first account & nobody can tell me how to change my password. ive called all the 800, 877, 866 & to no avail, nobody answers or calls back.
i am missing $1000 from the SITE being messed up (saying i didnt post when i did), now i transferd my money $1200 to my bank & e wallet took $300 & transfered $900. I am locked out, 2 of my sisters, my brother & my nephew! PLEASE HELP!!!!
I didn’t understand all the details there, but …
Your e-Wallet is a third party service, delivered by i-Payout.
* You should be able to log into that without logging into your TelexFree account?
* Transfer any money you have there to your bank account (or whatever solution you prefer), to avoid getting money frozen in your e-Wallet (in case of a shutdown).
* If there’s any trouble withdrawing money from the e-Wallet, use i-Payout’s support system to find out how to solve problems.
TelexFree is about to fall apart completely, it has multiple problems. It will get worse rather than better.
If ALL 5 family members have been locked out, then the problem is related to TelexFree rather than to you. Then it will probably pop up more post about the same issue.
If you’re able to sell the VOIP service to 5 real customers (not buying it yourself), then you probably have a point. 5 customers per promoter should be enough to generate a net profit from the sale of VOIP subscriptions.
You will need:
* 5 customers
* 2 personally recruited promoters
* 10 customers (those 2 need 5 customers each)
How many real customers do you have now? Don’t use Gerald Nehra’s definition of customers, identify it correctly.
it is not fair that telex is forcing me into this new compensation plan this is not the plan that I signed up for.
I think that tele should Honor the original contract which I signed up under where I just post my post and receive the 20 for each post that I posted I don’t think that I should be made to pay 250 for 5 VOIP contracts or phones or whatever it is.
I am NOT a seller that is not what I signed up for it I think that I should not be forced into that i should have the original contract that I signed up under or I should be given the opportunity to get my money back that I signed up with.
that is a lot of money that I do not want to lose also why is it that nobody can tell me how to change my password so I can get my money or transfer my money out of the one of my accounts I need to transfer my money
I can see above where they said to be patient and that they are going to fix it and replace the money but what am I being patient for? for you to run off with my money?
me and five of my family members are locked out of our account and we cannot transfer the money and nobody could tell us how to change the password so that we can get into the account to transfer the money so if you know how to do this please please comment and let me know thank you in advance.
also why does telex have access to our money? how can they just withdraw money out of my transferred money how is that possible? de
@ Tynesha , maybe you should talk to the person that got into this scam.
You have a “Forgot your password?” right under the Log in button. It leads to a contact form “username”, “e-mail”.
But I’ll guess you already have tried that.
You are assuming the old comp plan was actually worth something. With a fraud like TelexFree, that’d be wishful thinking.
So now that telex filled chapter 11, does this mean we don’t get our investment back? Also what happens too my money that’s in my back office that I didn’t transfer too my bank account case the system was down?
TelexFree has TRIED to file bankruptcy. You should read the latest news. Discussion is over there.
@Shy
And now he can add to his resume….failed smuggler…
I guess he doesn’t watch to many movies….if he had he would have learned not to try and carry the cashiers checks (he was trying to smuggle out of Telexfree’s office as the FBI and Homeland Security raided it) out in his brief case but to have taped them to his ass. Geeeeeze….
Illegal ponzis are not afforded bankruptcy protection. Chances are high that Telexfree affairs will be handled by a Receiver and he/she will attempt to recover funds and redistribute them to you (a creditor) over the next few years.
In this way you may receive a percentage of your initial investment back.
What movie was that?
@Hoss
Lol…. (I guess taping to my butt is what I would have done…lol) my point was that he should have known not to try and walk past the FBI with the booty in the bag.
I questioned Mr. Craft’s judgment the moment he signed on with Telexfree. Even a 9 year old with half a brain would have taken more care if only trying to sneak a candy bar past his Mom before dinner. : )
@Dorothy
Well there’s still $300 million missing… maybe the $37.8 mill in the bag was just a diversion.
Might have worked too!
lol….this is true. : )
Joe Craft is involved in a LOT of internet scams. Just found all of this information about Craft Financial Solutions when I was trolling the name regarding another scam that he and his wife are involved in.
We should all put our heads together so we can make sure each and every single Ponzi Scheme, Internet Fraud, Racketeering Act becomes PUBLIC.
He seems to be involved in many different things, along with John D. Ewing and Paul T. Adams.
You can get SOME information from me about where to find information and what to find there (or HOW to find it), e.g. in the Nevada business registry.
I spent a few days looking into it, a couple of hours per day. Then I decided it was too time consuming and not worth the efforts, partly because of lack of “local knowledge” about different things.
I’m not very eager to continue either. I did check some stuff to be able to identify Joe Craft’s position in TelexFree, but that was all.
Mr Craft also has what appears to be more than a passing relationship with MLM Attorney, Kevin Thompson, having shared the stage with him at the 2014 Direct Selling Edge MLM Startup Conference: directsellingedge.com
How long will it take for an attorney to sends funds out too us after the investigation? Is that man going to jail since this is not his first scam??? I hope so!
It too early to say.
Docket 0168
Class action RICO suit filed against everyone and his mother, including all banks, payment processors and Gerald Nehra.
This one has been incubating for awhile.
Defendants also include “DOE INSIDE PROMOTERS”, which I assume means anyone who at a later date is identified as a team leader or major promoter.
Watch them run for cover. In another six weeks they will all be claiming that they never heard of Telexfree.
Too bad the suit will probably be stayed indefinitely.
Anybody who’s somebody in MLM can probably present at DSE. Craft does know some SmallBiz tax issues and such.