TelexFree Trustee urges victims not to sell claims
The TelexFree Trustee has warned against victims selling approved claims.
The warning was reported by the Brazilian Times. I was unable to find an English equivalent or even the context of the Trustee’s warning.
In any event, along with a consumer rights attorney, the Trustee warns
some companies are contacting victims and offering to buy the amount the victim has to receive for $ 0.10- $ 0.12 for every $ 1.
This means, the lawyers exemplified, that a person who has to receive $ 10,000.00 if he sells his claim will receive only $ 1,000.00 and lose all rights.
That is, when return checks begin to be sent, whoever sold what they had to receive will receive nothing.
For the better part of six months or so the TelexFree Trustee website has been recording notice after notice of claims being transferred to third-parties.
The two companies targeting TelexFree victims are VonWin Capital Management and Argo Partners.
The TelexFree claims portal closed in late 2016. Affiliates with approved claims are still waiting for a first distributed payment.
this is so ridiculous and laughable. if the trustee doesnt want to be swamed with more work of ransfering claims, he should not have made this inadequately long and unnecesarily slow process take the victims to the point of such desperation that theyre selling theyr claims.
its stephen darrs fault this is happening, because he has refused to give any sort of time line of when a distribution will happen so that victims no how much longer to wait. but that MO they have used for years of saying nothing and just vagely saying that more and more time will be required, all the while collecting their interim fee apllications, have driven the victims to despair and hopelesness.
STEPHEN DARR…AT LEAST SEND A NOTICE TO PPL WITH APPROVED CLAIMS TELLING THEM THAT THEIR MONEY WILL BE COMING OUT SOON SO THAT THEY HAVE SOME HOPE AND TIME LINE IDEA.
BUT KEEPING EVERYONE IN THE DARK, LIKE NOTHING IS BEING DONE IS JUST STOOOOOOOOOOOOOOOPID.
thanx to stephen darr and his inadequate process.. victims will remain victims and these other companies will end up being rich and flush with theat telexfree money…
all stehen had to dp was say “distribution will be happeing in X amount of months. stay put, were almost there.”
and sure enough the victims would simply hold theyr claims and wait for distribution.
Without the Receiver, ALL the money would be gone with the scammers.
Since people GAVE their money to MLMers, they should be grateful to get anything back.
It sounds harsh, but in this day and age, the MLM-ing scam is no secret. Talk about stooopid.
hes not a reciever hes a trustee dumbo. and without him, money woukd still be seiezed by thr DoJ.. do some research krusty.
welp wagalo. at least looks like turnover is done and 180 million have been turned over to the trustee. so were getting closer.
Preso, líder da Telexfree, Carlos Costa, sai de prédio em carro da PF (PT-BR):
agazeta.com.br/es/economia/policia-federal-prende-lideres-da-telexfree-na-grande-vitoria-1219