TelexFree claim Homeland Security & SEC are lying
When news broke that TelexFree’s Chief Financial Officer had been caught trying to escape with management’s retirement funds, the evidence the FBI presented in court was pretty conclusive.
Filed in a Massachusetts District Court on April 16th, Scott Stanley, an attorney with the SEC filed the declaration of John Soares, a special agent with the Department of Homeland Security.
Soares’ declaration details the attempted escape of Joseph Craft, aforementioned TelexFree CFO, and covers what went down when HSI and a number of other agencies raided TelexFree’s offices last week:
During the exercise of the search warrant, a Bristol County Deputy Sheriff encountered Joseph H. Craft, the Chief Financial Officer of TelexFree, entering an office and attempting to grab a laptop and bag.
Craft stated that he was a “consultant” helping TelexFree prepare for bankruptcy and that the laptop and bag were personal items.
The Deputy Sheriff told Craft he could not take the laptop and bag and that these items were subject to search.
HSI agents searched the bag and identified ten Wells Fargo bank, N.A. cashier’s checks totaling $37,948,296.
Included in the court-filed declaration, viewable over at the Boston Globe, are photos of all the checks the agents found.
This declaration was filed in support of the SEC’s ex-parte emergency motion for a temporary restraining order (TRO) against TelexFree, which was granted the same day.
Now, in response to the filing, TelexFree are accusing the Department of Homeland Security, the SEC and a Bristol County Deputy Sheriff of lying.
In the April 19th press-release,TelexFree write
TelexFREE is concerned about recent inaccurate press reports and speculation regarding the Company and would like to set the record straight.
Joe Craft, TelexFREE’s former consulting CFO, has been wrongfully accused of attempting to unlawfully remove funds or property from a TelexFREE location. The reports that Mr. Craft attempted to abscond with a laptop and cashier’s checks are false.
False? Oh my!
The explanation TelexFree then offer up can only be described as hilarious:
The cashier’s checks were in Mr. Craft’s possession because the Company’s bank accounts had been closed, which necessitated the Company obtaining the funds in the form of cashier’s checks.
Upon the filing of the Chapter 11 cases, the Company determined to marshal all of the Company’s funds for the benefit of the Chapter 11 bankruptcy estate. Mr. Craft had taken possession of the cashier’s checks at the request of the Company’s counsel and advisors in order to assure that the estate funds were protected.
Mr. Craft was holding the checks until they could be deposited in either a newly-established Company safe deposit box or an escrow account that the Company was in the process of establishing. The laptop was Mr. Craft’s personal property.
Aware that the SEC were about to open up a can of whoop-ass on them, TelexFree filed for bankruptcy and closed its bank accounts. Then in an attempt to hide assets, they figured they’d just start up a new company and deposit the funds under that company’s name.
So you see, good ol’ honest Joe Craft is actually innocent. This has all been a terrible misunderstanding.
What a riot.
The only truth to be found in the above quoted paragraphs is the mention of protection. The funds Craft were caught with was likely all that remained of TelexFree’s liquid assets in the US, which he was trying to “protect” from regulatory agents.
I imagine TelexFree would have tried to transfer the funds overseas (TelexFree Dominicana SLR suggests the Dominican Republic), where they believed the money would be irrecoverable. Stashed away until all this silly “largest MLM Ponzi scheme in US history” stuff blew over, at which point TelexFree’s owners would go and collect them.
Closing out the release, TelexFree then go on to have a cry about nobody taking their version of events seriously:
Acting as Interim CFO for TelexFREE, Mr. Craft explained both the motive and the purpose of the transfer of funds to government officials onsite at the time the warrants were served. Counsel for the Company also informed the Securities and Exchange Commission of these facts yesterday. It is unfortunate that the filings and media reports ignore these facts.
Not so much “unfortunate” as it is everybody seeing through the ridiculous lies TelexFree and their lawyers are trying to spin.
Very specific amounts were made out to TelexFree management, their relatives and what appears to have been a new Dominican Republic based front company. At the very least that’s an attempt to laundering illegal Ponzi proceeds… at the very worst? Well, we’ve already covered the thwarting of TelexFree’s final exit strategy.
Oh and finally, the crap about Joseph Craft being a “former consulting CFO”? Hogwash.
Held in Febrary 2014, TelexFree affiliates were charged $350 a ticket a “Telex Global United Training & Education” event:
Come experience the inaugural TELEXglobal United TRAINING & EDUCATION event in Las Vegas sponsored by TelexGlobal, the premiere TelexFREE training and technology specialists… TXG TNT.
Come learn practical, how-to strategies to earn the income you dreamed about when you first joined TelexFREE.
The event was held over the February 22nd weekend, and here’s the speaker schedule for Saturday:
The Schedule below is so packed full of content, you may have to empty your brain half-way through. So come ready!
Speaking at 8:45 to 9:10am on “TelexMFA” is none other than “Joe Craft – CFO, TelexFree”.
Quoting Faith Sloan, one of TelexFree’s top promoters who is named in the SEC complaint, “TelexFree Millionaires Uganda” also cite Craft as “TelexFree CFO” in early February:
I can totally understand why Craft might start referring to himself as “former” CFO of TelexFree post SEC shutdown, but that’s neither here nor there. Like it or not, he was offering tax advice to TelexFree affiliates and was clearly heavily involved in the company.
To bad when agents burst through the door he was left holding the bag… literally.
The footer of TelexFree’s press-release states that ‘Greenberg Traurig, LLP and Gordon Silver are serving as legal advisors to TelexFREE‘, however whether the law firm are specifically advising TelexFree to accuse US regulatory agencies of lying and submitting fraudulent declarations in court is unclear.
Looking forward, the next hearing in the SEC case is on Tuesday April 22nd, and it’s likely that a permanent injunction will be issued against TelexFree on that day. How TelexFree’s accusations against regulators might play out in court at the hearing remains to be seen.
As always, stay tuned…
Footnote: I couldn’t help but notice Len Clements was listed as the keynote speaker at the Vegas “TelexFree rahrah” training event.
Clements’ is no stranger to the MLM industry, so I’m rather at a loss to explain why he was there delivering the keynote address at a TelexFree Ponzi scheme training event.
Clement’s address, “What’s ahead for the MLM industry” was scheduled after a one-hour explanation of TelexFree’s compensation plan (which presumably included the AdCentral Ponzi investment scheme component), which only makes his appearance all the more bizarre:
Surely something should have triggered in Clements’ mind at that point?!
If you’re reading this Len, what gives?
Update 21st April 2014 – I knew I’d seen Joe Craft’s name elsewhere credited as TelexFree’s CFO.
In an application to provide telecommunication serves to Alamaba TelexFree filed in March 2014, they credited Joe Craft as an employee. Specifically, Craft’s “official title” was cited as CFO of TelexFree.
This is from TelexFree themselves, but please – continue to lie about Craft’s involvement in the company guys. Presumably Craft’s name appears on every other telecommunications application TelexFree have filed, so there’s a mile long paper-trail crediting Craft as CFO.
I’m sure the SEC will have a field day with it when the time comes.
This is why misleading press-releases like the above are dangerous.
Actual information being circulated by TelexFree affiliates:
6 hours ago:
Affiliate explanation as to how TelexFree are going to come up with over $1 billion to pay everyone, when they just filed for bankruptcy and are seeking to negate their AdCentral liabilities:
Brazil’s case all over again. Same “strategy” or “agenda” they have used over here for the past year.
Everybody is stupid, everybody is lying, prosecutors and judges don’t know what they’re doing, media is not to be trusted… blah blah blah and all that BS.
To add more BS in Brazil, some Acre’s (pro TF) politician said in an interview that people should not worry because it is only one US state that is pressing charges on TF. He said this is going nowhere because they are doing the same injustice Acre’s judiciary has been doing in Brazil.
All the denial from TF’s scammers is making me sick. They simply refuse to hear the facts and choose to believe whatever BS the scammers post on their ridiculous blogs and YT channels.
It sadly reminds me of Jim Jones and the “Peoples Temple” when it comes to gather so many (dangerous) lunatics under false promises.
Really, say the SEC and Homeland are lying? Well, they didn’t have a chance before that anyway. It’s not some small country SEC that never had a pyramid scheme before, it’s just the… US SEC.
The more I see these guys (the owners), the more I can’t understand why they didn’t run with most of their scammed money to Russia or some “almost” lawless country with no good relations (at least right now) with US.
Probably is what they were trying to do when Homeland appeared, they probably thought “Herbalife is still going, they’d never suspect about our business!”.
I think they might have developed somewhat of an over-confidence complex given the crap they’ve gotten away with in Brazil over the last year (basically lying in court and in public (Costa YouTube videos) and thus far receiving two minor fines for acting in bad faith).
I think the reality might only have finally sunk in these last few weeks.
Update on Craft getting arrested or not:
The MetroWest Daily News report also contains statements relating to the crap TelexFree and their affiliates are currently publishing:
I can’t help wondering where the money is coming from to pay for the attorneys putting out these press releases, and whatever else they’re up to behind the scenes.
If they’re being paid from a pool of money the SEC, etc., hasn’t yet discovered, but ultimately it becomes part of the pool to be returned to investors, could the attorneys be forced to return the money to the government?
Jerry
But now, after the american SEC showed up, I think the brazilians will speed up the process, then Costa could start teaching his prison pals how to earn millions without killing someone or selling drugs (but still doing something illegal).
There’s currently $300 million of affiliate investor money unaccounted for.
Consultants and lawyers who got paid in the Zeek Rewards aftermath had to return fees. They were ultimately classified as “insiders who should have known better”.
I imagine the same will happen with TelexFree but that’s a ways down the track yet.
Telexfree Dominicana SRL it’s registered since September 7th of 2012. The funny thing is that it’s registered as a company of advertising or marketing.
http://www.acento.com.do/index.php/news/179177/56/TelexFree-estaba-registrada-en-la-Direccion-de-Impuestos-Internos-como-una-empresa-de-publicidad.html
http://www.dgii.gov.do/servicios/serviciosWeb/consultas/Paginas/RNC.aspx
TelexFree affiliate compares $1 billion + Ponzi scheme getting busted to 9/11. Claims both are a media/government conspiracy:
Hello, many people here in Italy are panicking thinking they could never take back the money they invested in TelexFree. Me and my sister too bought quite recently a few accounts in the Old Compensation Plan. Do you think investors (I mean investors not only living in the USA but in Italy as well) have a serious possibility of being refunded?
A distribution order by a US court can affect damaged global investors in TelexFree as well as damaged US investors?
Thank you very much, and have a nice Easter time
Marco Battista
Nope. There’s not enough money to make everyone whole. That’s how a Ponzi scheme works, you feed early investors until there’s not enough coming in to pay everyone.
Thank you, Oz. You mean a distribution order by the SEC to divide frozen TelexFree money among investors would affect US investors only? Or do you think fronzen money won’t suffice to refund, at least partially, anybody?
Can’t say at this early stage.
The Zeek Rewards Receivership accepted global applications from memory.
If they do wind up going down the Receivership path with TelexFree and recover that $300M, then partial refunds are definitely on the table.
It’s a long drawn out process though, so don’t expect anything for a few years yet (and that’s only if they go down that path).
Thanks, have a nice day 🙂
OZ? where did u get that number of 300m?
If u check all 3 “Voluntery notices@ of telexfree companies ull see they have maximum of 120m with all 3 of them.
Sorry for my english)
Why would anyone start believing anything Telexfree says, now, of all times ???
Just to be clear, Craft was described as the interim CFO, NOT former CFO.
The Brokerage slip shown, directed transfer of ALL holdings in six of seven funds. The total amount to be conveyed, considering the possible value of multiple funds was probably well North of $1.15 Million, which by itself appears to be the cash balance of a single fund (probably a money market) not the full value of ALL holdings at the brokerage account.
Telexfree itself used the term: “Joe Craft, TelexFREE’s former consulting CFO” in its’ own
MARLBOROUGH, Mass., April 19, 2014 /PRNewswire/ — TelexFREE LLC issued the following statement: TelexFREE is concerned about recent inaccurate press reports and speculation regarding the Company and would like to set the record straight.
Joe Craft, TelexFREE’s former consulting CFO, has been wrongfully accused of attempting to unlawfully remove funds or property from a TelexFREE location. The reports that Mr. Craft attempted to abscond with a laptop and cashier’s checks are false
Galvan mentioned that $300 was unaccounted for. This already takes into account the “3 “Voluntery notices@ of telexfree companies ull see they have maximum of 120m with all 3 of them.”
If the missing $300 can be found and recovered the affiliates are likely to benefit.
I would like to know as to why Len Clements would be involved in speaking at a “Telex Training event”, when he describes “zeek as pyramid scheme” in KT’s video below.
https://www.youtube.com/watch?v=YSfx7-QYm7g
Telexfree and Zeek Rewards are of the same mold.
I remember seeing the $300M figure in the SEC complaint too.
I’d be ignoring any figures quoted in the TelexFree bankruptcy filing, they’re neck-deep in telling porky pies.
Len Clements was a paid speaker at a TelexFree event? That’s disappointing but not too surprising. The line between legitimate MLM and fast money schemes is partly theoretical in nature. If Gerry Nehra can stay in the industries good graces while renting out his rep to a bunch of ponzi schemes why can’t Len dip his beak a bit too?
I expect the website will be updated soon but Joe Craft is listed as a “Faculty” member over at the DS Edge MLM startup conference. Other names on list include some very well esteemed individuals. No doubt Joe Craft will be removed soon but prior to the 38 million dollar gym bag incident he was considered one of the “best minds” in the MLM industry.
And he just might still be.
57. The whereabouts and/or disposition of much of the more than $300 million of investor funds raised by TelexFree is unknown.
Case 1:14-cv-11858-DJC Document 2 Filed 04/15/14 Page 24 of 28
In Brazil we had Fazendas Boi Gordo, Avestruz Master, and now Telexfree. Amazing, people never learn.
I suppose there isn’t anything wrong with accepting consulting and/or speaking fees if one has no knowledge of, nor assumes that the company in question is a blatant Ponzi Pyramid scheme in the making.
After all, one can only assume a company will do right by it’s customers/affiliates/members/employees. ¯\_(ツ)_/¯
Right? Am I right?
If anyone is giving TF the benefit of the doubt at this point, they really deserve to be living on a different planet altogether.
Putz… Telexfree can lost the Botafogo merchandising. They pay 1.7 million for one year!!! ( see item 142 in SEC document) Wow..
Legal analyzes and Botafogo can take the uniform logo of sponsor
Botafogo can simply give the money back (SEC will ask them any way). Remember, Houston Astros bought the name “Enron Field” back from Enron when that tanked hard.
WTF is a “consulting CFO” any way? Weasel words, that’s what that is.
Consulting, not interim.
MacMillan is interim CEO.
Don’t fall for THEIR word games by repeating them, Tex.
“Attempt to obstruct justice” by removing items from location specified on search warrant is not a crime. Actual obstruction of justice is. Had he made off with the items in question, he’ll be jailed, but since he meekly handed over the bag, he was let go.
TelexFree’s “press release” will be saved and presented as evidence at their trial that they’re lying SOBs. Don’t worry, it’ll all come back to bite them in the ***.
Heard the same **** before from TVI Express and Zeek. It’s always the same thing.
It’s also interesting that “changed so many lives”… They never said IMPROVED so many lives, eh? It sure did changed many lives… RUINED them.
He was booked for a generic topic, not compliance and other ****. He’s been keeping mum about this topic as he knew he’d look conflicted, IMHO of course. We shouldn’t be too hard on him.
Nehra, on the other hand… fire at will.
Smooth move……Who advised the numb nuts to call Homeland security and the SEC liars? Telex top dogs better adjust themselves to who their talking to now.
some back ground info on how these characters met. Merrill had a cleaning business, that carlos wanzeler worked at. It mentions that carlos costas only speaks portuguese. Interesting read
bostonglobe.com/business/2014/04/18/alleged-global-fraud-telexfree-started-ashland-cleaning-company/5g3IKM1ycQKw0MUNT3BEYM/story.html
Actually, several terms are being used, including former, interim, consulting, and plain vanilla CFO. Here’s where interim is being used: prnewswire.com/news-releases/telexfree-responds-to-false-and-misleading-statements-255878031.html
I say both Clements and Nehra should be hammered, they are two of the main enablers of MLM scams. Two others are Babener and Thompson.
Just noticed something: TelexFree apparently fibbed (not quite lied) on all their applications for Telecom.
On the Tennessee application, page 4, it claims that it was authorized to operate in California, in addition to 8 other states. (Search for it)
The problem is California does NOT require a VOIP operator to get a license to operate in California.
http://www.cpuc.ca.gov/NR/rdonlyres/00B38131-3E85-456E-A3FD-534F2FA74233/0/Doyouneedalicense.pdf
In one of those Telecom applications, Craft was listed as plain vanilla CFO. Washington state, I think.
So they’re fibbing for sure.
Apparently there’s a “filed under seal” packet of financial info sent to Idaho’s PUC for the telecom application. Wonder if we will find Joe Craft listed as CFO in there?
* Kevin Thompson didn’t represent TelexFree, he was hired by i-Payout to check compliance in general.
* Jeff Babener / Mike Sheffield were hired for some “emergency purposes”. The details are not known. Mike Sheffield is one of Babener’s “favorite expert witnesses” when a case goes to trial. Both of them will probably pop up later in the case, e.g. in a court hearing.
* Len Clements seems to have been hired as a keynote speaker to a marketing event?
* Gerald Nehra was hired as MLM attorney for TelexFree USA. He has been very careful to limit his own role to that specific area. If you google “TelexFree Gerald Nehra site:moneymakergroup.com” you will find that he’s actually protecting his own role more than he’s protecting the interests of people involved in TelexFree.
From the MMG thread, late July 2013:
That comment was about the “Legal Blessing” video, about what it actually contained. The comment pointed out that Gerald Nehra actually was about to screw the investors.
Here’s a disabled link to that thread / to that post. The discussion was about the “Legal Blessings” video with Gerald Nehra.
moneymakergroup.com/Telexfree-Telexfreeco-t415036.html&pid=7865911&st=750
You will find that some of the arguments now have been used in the bankruptcy case and in press releases. TelexFree is trying to blame the promoters for failing to recruit enough customers, for trying to earn money passively simply by posting ads.
Article updated with information from TelexFree’s March 2014 Alabama telecommunications filing.
As late as last month they were officially crediting Joseph Craft as TelexFree CFO.
Most other states either a) don’t make the financials public, such as the Idaho one I referenced earlier, or b) don’t need it at all. I’ve checked several.
I’m sure the SEC will be able to gather the documents related to all the applications made (I think there’s at least ten from memory).
Are the guys at TelexFree delusional or foolishly arrogant? There are two things I have observed about the Feds and that is they do not like to be lied to and they do not like criminals publicly ridiculing them.
The Feds are going to take great pleasure in nailing these guys to the wall. Bad move boys.
At least the guys and gal at Zeek had the good sense to start cutting the best deals possible.
And leave it to some deniable “consultant” to badmouth the SEC. 🙂 Here’s looking at you, “Robert”. 🙂
Nehra was being Nehra. He was being paid to “publicly bless” Telexfree and he sorta back stopped the absurdity of doing so on the notion that it would be just swell if 20% of the income was coming from real honest to Betsey customers.
He knew just as well as anyone here that that would never happen but he voiced optimism that it would because that’s what he was being paid to do.
Please note, no where in his public statements did he suggest the comp plan would or should be changed so that payment was in any contingent on the number of customers you had. This was last August and TelexFree was still pulling in affiliate money faster than it was paying it out and suggestions like that might have slowed the inflow of passive income player investments.
No Gerry Nehra did exactly what he was being paid to do. He walked out on that stage and told people in a loud clear voice that TelexFree was on very sound legal ground and then sorta mumbled something about customers. Then he changed the subject. And then told a joke about lawyers screwing people (it was about a lawyers dog screwing other dogs but the point was the same).
Lest anyone was thinking I was impugning Mr. Nehra without cause:
youtu.be/k-OEAplttso?t=30m5s
I was referring to those 4 “people” in general regarding their involvement in MLM, not TelexFREE specifically.
“His voice was clear, but his logic was mumbling.”
He failed to be specific in some of his arguments. People could easily misinterpret what he actually said. But people can’t build up a valid complaint against him based on that.
Joe Craft is a different story. He has probably been directly involved in illegal activities.
What victims fail to realize is that, while the “comp plan” and “business model” may be sound, what is done on a day to day basis can be an entirely different matter.
The Zeek Rewards penny auctions were a perfect example of the difference between the “theory” and the “reality” as is the TelexFree VOIP plan.
New Information regarding the license telecommunication in DC.
http://www.wutc.wa.gov/rms2.nsf/frm2005VwDSWeb!OpenForm&vw2005L1DktSh=140457-Documents&NAV999999
@Farao — that’s State of Washington near Oregon, not Washington D.C. (US East coast).
Basically, Joe Isaacs abandons ship and claimed he was lied to for years, and everything he filed is apparently fake and he can no longer work for such liars.
Juicy quotes from the Isaacs letter, which is apparently copied to all the PUCs he filed to on behalf of TelexFree
and more…
and finally…
Oops, forgot the URL
http://www.wutc.wa.gov/rms2.nsf/177d98baa5918c7388256a550064a61e/2f3f88183a7f84e088257cbe006a1698!OpenDocument
That should take you straight to the PDF which copied the SEC and Mass charges.
(oops, just the Mass filing)
Oz, you have my email address. Wouldn’t it have been more appropriate to ask me “what gives” privately before throwing me under the bus publicly? I’m really surprised you would stoop to this.
Here is “what gives”…
I was asked by an affiliate (not corporate) to speak at a TelexGlobal training event here in Vegas (where I live, so wouldn’t have to travel). I was told that TelexGlobal was a separate training company not directly tied to TelexFree, the event was open to the general public, and that other speakers would be covering various generic topics not specific to TelexFree. There was no discussion of me being the “Keynote” speaker.
I said I would speak but only under a number of conditions. Among them was a signed contract that TelexFree would never use my name or likeness in any way to promote TelexFree, or suggest I was in any way endorsing them, nor could my presentation be recorded. I also restricted my presentation to only one topic (clients typically can select from a variety of prepared topics).
This specific 50 minute presentation deals entirely with how to present one’s products and opportunity in an honest, realistic, no-hype manner, the value in doing so, as well as how to recognize and expose others who use hype, lies and exaggerations to market their MLM programs. I was told that all of my conditions would be brought to Rob Ireland who was in charge of the event.
Almost three weeks past with no follow up of any kind, so I assumed my terms were not accepted, as I had anticipated. Three days before the event I emailed my affiliate contact to confirm that I was not expected to speak.
His response directed me to the website cited above which had me listed as a “keynote” speaker, on a topic that was never discussed, which was not the exclusive topic I made clear was the only one I was prepared to speak on, and also included a badly written, inaccurate bio. All was done entirely without my knowledge or consent.
I then demanded that all such information be removed from the site immediately. I was told that there was a lot of people looking forward to hearing me speak, and was asked what needed to be done to move forward. I responded that the Speaking Agreement must be signed in advance and that I be allowed to speak only on the originally proposed topic. The agreement was signed by Mr. Ireland and I did speak on this topic – BEFORE the comp plan was presented.
Those in the audience were innocent victims who arguably needed this anti-hype/anti-BS training more than anyone. It would have been THEM I was standing up by not showing up.
From the Zeek archives…
http://www.youtube.com/watch?v=VLOSoeO5t8M
Remember when this was the #1 Google search term returned for “Zeek Rewards” and was also the first video seen in search results?
BehindMLM was also second and third for most Zeek search terms. If only that same mobilization occured for TelexFREE the good guys might have saved a few more innocents.
@Len Clements
It was relatively correctly identified in my post #45, but I didn’t try to add any details to it other than for Gerald Nehra.
You’re added as a footnote to the article, and you’re mentioned in post #26, #37, #41 and #45, “relatively balanced”. It would have been different if you had been the main topic.
@Len, let’s face it, the stink of TelexFree is going to spread FAR AND WIDE, and I am quite glad you are able to stand by your principles, but you’re getting splashed. Maybe a little, but splash nonetheless.
Unlike the rest of the yahoos who can “see no Ponzi”, your “stains” will wash right out. I’m sure you’ll put up an article on your InsideNM about “how TelexFree tried to ruin me too” really soon, and it’ll be meticulously researched and documented like your Zeek and other research articles.
And let that be a lesson to any and all “advocates” and other MLM professionals. Really, no sarcasm intended.
I don’t think that’s the right idea. Someone may point it out as “slightly exaggerated”. 🙂
He received an INDIRECT request about the speech. That will typically be a source for misunderstandings. “Always talk to the person who has the right to say both yes and no, rather than talking to the middleman”.
He should have talked DIRECTLY to Rob Ireland a few days after he talked to the middleman.
“How Telexfree tried to ruin me too” is too exaggerated. It doesn’t reflect the “how to present something in an honest, realistic, no-hype manner”.
It will more reflect the “throwing me under the bus publicly”.
“Throwing me under the bus” was met with factual information, pointing out that he was mentioned in a footnote to the article, and had been mentioned relatively balanced in only 4 comments.
Len knows MLM is a slimy business – if he plays with those in the mud pit in order to make a few bucks and gets some on him, he has no reason to complain. He should have known this was one of the slimier ones when they didn’t call him back, made him the keynote speaker, etc., but he wanted the almighty dollar more than he wanted to not get the mud on him. Len got what he deserved.
@Len
You speaking at the event wasn’t the basis of the article, it was a sidenote. I figured someone was going to see your name on that event list so I’d just put the inevitable out there as an aside.
I obviously wasn’t implying any support or endorsement for TelexFree on your end. Who do you think you are, Gerry Nehra?
I think in light of this you might need to rethink your due diligence for speaking gigs a bit. Anything even remotely associated with TelexFree should have set off alarm bells.
I believe Faith Sloan was at that event IIRC. It’s likely the other “leaders” were too.
Again, not having a go at you Len but you really didn’t think a TelexGlobal event “wasn’t tied” to TelexFree? Even if there was no corporate connection, at the very least it was being run by TelexFree Ponzi pimps.
Perhaps the payment was too good to let go (in the case of Len Clements) LOL
Len Clements is upset at Oz for his speaking engagement coming to light when he worked so hard to keep it a seceret?
Oh brother….
Here we go, anyone and everyone that was associated with Telexfree is going to come out of the woodwork and say I didn’t know…..come on. Len wouldn’t have been so adamant about keeping his speaking engagement off the radar if he didn’t know what Telexfree was about. Wasn’t corporate but was affiliate??? And that matters why?
Mr. Clements out of the goodness of his heart accepted the speaking engagement:
Well you pat yourself on the back because you did it for the little guy.
So now that you know (because you didn’t know they were a ponzie before )are you going to give the money back to the little people that you were paid for giving a sales speech for a Ponzie scheme?
Doing smarmy things in the secret of darkness doesn’t mean you aren’t doing smarmy things Mr Clements.
but he can’t pick what is arguably the biggest ponzi scam in history.
S–u–u–u–r–e.
Uh, folks, enough on Mr. Clements. IMHO, of course.
I seriously doubt TelexGlobal “training group” paid him enough for all the grief we’re putting him through. Those guys are slimy bas****s and tried to “mission creep” and “presumed understanding” on him. They apparently wanted to use his name for recognition all along.
Good thing he had an iron-clad speaking contract and stuck to what was on the contract.
@M_Norway — yeah, that was a bit of hyperbole.
There can never be enough for “Mr.” Clements, or the other 3, all of whom are giving a veneer of chrome shine to the MLM feces.
SEC reaction to Telexfree claims:
http://www.metrowestdailynews.com/article/20140422/NEWS/140429173/?tag=2
Lol, Thursday should be fun.
Sounds like the SEC are going to fill this hole TelexFree have dug themselves into with water.