TelexFree victims receive early recovery distribution payments
Like most of you we weren’t really sure why a January 13th, 2021 date for distribution payments was set.
Turns out that was more of a deadline, following reports from multiple TelexFree victims of received payments.
Starting a few hours ago, TelexFree victims started to report having received emails confirming payment through PayPal.
In one YouTube video uploaded a few hours ago, a Brazilian TelexFree victim shares proof of a distribution payment from “TelexFree Liquidating Trustee”.
As above, the payment was made over PayPal on July 31st.
At this stage I can’t confirm whether payments across other mediums have been made (banks, other processors etc.).
For anyone who hasn’t received payment confirmation, double check you’ve provided accurate payment details in the claim portal.
We’ll keep you updated on any further developments.
Update 2nd August 2020 – Bank payments also appear to have gone out in the US. Haven’t received confirmation on international bank transfers.
I want to receive my refund of telexfree.
Others who followed the required steps are receiving their distribution payments (only PayPal confirmed for now).
Did you follow the steps?
Wheres gonzo talking shit now?!?!
I did all the right procedures and still haven’t received anything, I voted and registered my paypal plus nothing so far. Has anyone else not received it yet?
Here in Brazil there are people claiming that he was only released for claims with a value to be paid below $ 4000.
I got my payment yesterday over $5000 trough Zelle.
Laeci, I haven’t received mine yet. I’m in the 39% class. I read that msm comment you quoted. I look forward to here in Brazil.
Did anybody summon me? I be here, with this little nugget. 6 years waiting for 30%. Lolzo
I can confirm that I just received 39% of my redistribution payment through my Chase Bank account.
I filled in my payment information when submitting my vote for redistribution 2 months ago and didn’t want PayPal to charge me any fees. Hence why I chose to input my bank information instead.
I am from the United States though so not sure about other countries. Here’s to hoping for clawbacks in the future from the upline that suckered us in and benefitted from this scam.
For now though, today is a victory!
It’s been at least 2 years that i don’t get e mails from telexfree. I have friends who said they get telexfree email.
Where do I start searching for my mane.?
@RaV82
Thanks for the bank confirmation.
@Magda
Two years? Yeah pretty sure you messed up somewhere.
If you don’t have portal login information at this stage you’ve missed out.
Brace yourselves, the ignorant objected are coming…
I’m from Australia and can confirm that no funds have been received into my PayPal account as yet
MICHELLE I DON’T RECEIVE ALSO. I HAVE TO RECEIVE THE VALUE OF 7100 $ USS PER PAYPAL.
I am in class 3, with a claim of more than 4,250 and I only received 13% in my paypal, isn’t it supposed to be 39% or 41%?
I have two claims of 12,000 and they only paid me 1,600 and another of 20,000 and they only paid me 2,600
When you say claim is that the amount you claimed or the amount that was approved?
the amount approved and the amount i can see at the list of allowed.
Then I’m not sure. Hopefully the Trustee communicates what’s up this coming week.
Have you seen any other cases that have paid less like me?
One other reader left a comment saying they were paid less.
Unfortunately they went on to spam a bunch of TelexFree articles with the same comment using different names, so I marked everything as spam.
I haven’t seen any other reports so far.
wow, I don’t know what to say, I only see everyone who pays 39% and I don’t: I do not understand, and the 3 claims I made are under different names all above 4,250.
I do not know if the claims of more than 4,250 are being made in parts.
#4 mentions that $4000 limit. Hopefully we learn more this coming week.
well, it only remains to wait, because they say that at the end of each month they will pay more.
lets see what happens, il let you know if i receive more.
Where have you read that they will be paying more at the end of each month?
I can confirm that I just received 39% of my 4,750.00 claim, through my paypal.
I filled in my payment information when submitting my vote for redistribution 1 months ago. from a caribbean island.
My sister in law got her money on 08/03/2020 direct deposit. But I still haven’t got mine back yet. We Both live in New York and same city.
She give them her bank account but I give them my PayPal account. Hope I get it soon.
Hello, everyone. I just want to confirmed that I have received my 40% refund from TelexFREE into my bank account.
Hopefully that you guys will get yours soon too.
Fong Vang, are you sure that you received 40% from TelexFree? As you and I can see #25 Antraxx confirmed that he/she received 39% on August 3rd, 2020 at 11.57.
As I did the math, I just confirmed that I only received 39%, too direct deposit to my bank account on Monday, August 3rd, 2020.
Omg my sister and my sister in law both got their money back. Why I don’t got it yet?. Anyone else who didn’t get their money yet?
@Ni
Me neither. But I must say I am not on the allowed list nor on the disallowed one. I did get all the emails (I guess) and I got the voting email. And I voted of course.
Let’s see.
I did not received mine yet. Both my sister and my sister in law received their money direct deposit.
If I know I would give them my bank account instead of PayPal account. Anyone know how to change the payments option?
Yes, I did the vote and everything they ask us to do. Hopefully we get ours money back.
I received my distribution less than 39% anyone know why?
Hi, i did not voted because i got the email in the spam folder and i didn’t see it, and now i want to know how i can do something to receive some money please. thank you.
I don’t think voting was compulsory. Adding/confirming your payment information is required though.
Very compulsory to vote. These are the last lines of the email I got, stating username and password to vote:
Ballots must be completed electronically by 5:00 PM Eastern on June 30, 2020.
IF YOU DO NOT SUBMIT YOUR BALLOT, YOU WILL NOT RECEIVE A DISTRIBUTION.
@oz
Adding payment information to where? As far as I know the only option to supply your payment details was when you brought out your vote.
In the whole process the only clear information was given that line in the email:
Not sure how clearer it can be.
Ah well, that’s that then. No vote no payment.
I’m not a claimant so I’m not privy to everything that has been communicated.
@oz
No offense to you. You did a great job informing everybody through this site. Well done!
I am still waiting for it. Me and my brother had telexfree account, I was $16.000 and my brother $7.000. He already got his back but I’m still waiting.
We done everything properly, voted, add pay-pal account etc. When I check BMC group website it says my payment its been processed.
I guess they are liquidating those ones who joined telexfree first but who knows. Hope I get my one soon.
@ABK
Where can you see the status of the process of the payment? That would interesting to know.
Mine said the same thing when I Check BMV group website. Hope we get it soon.
But where do you go on that website? I cannot find anything related to payments. Can you post the url?
@ABK
You say that your brother has received his money. What happens if he tries to log in? I bet he also gets the message your payment is being processed.
I don’t think the message has a lot of meaning.
I just received the paypal email and confirmed my account sent all the money! I am Brazilian, in the 39% class. It came at the right time!
Just received my money. Exactly 39%
Good luck to you all receiving your money!
I opted to receive a check and I already got it in the USA.
Just got mine too, 39%, Happy days!!!
Hope everyone will get theirs soon… and additional distribution to all in due course 🙂
I received my 39% payment on my paypal.
Where have you read about an additional distribution?
any experience from Africa? for some of our country has no Mastercard service facility, we had only once option to receiving a physical Cheque.
has anyone reveived a cheque in africa? thanks.
I’m pretty sure I read in the notices leading up to the ballot we would get 39% and then an additional 2-10% … Or am I mistaken?
Those who opted for the lower 39% payout may receive additional payments.
I understand the option about additional payments, however there is no information or whatsoever about a timeline on KCC/Telexfree website, reason why I question why people say in the next month or additional payments are due in course.
But it’s all good, hopefully it will be asap.
Oh definitely, there is no timeline for additional payments. In fact there might not be any at all.
Anyone who tells you otherwise or provides a timeline is making it up.
I got my 39% payment today in my PayPal account. Hope everyone got their money back. Good luck everyone!
i live in USA, i did receive 39%, from BMC in to my bank account. i chose a Bank account number, route number of the BMC form.
now as the Trustee STEPHEN B. DARR told us in the letter sent 2 months ago, there are 2 more back payments to the creditors. lets pray and wait.
thank to the US securities and exchange commission, district attorney, Trustee Stephen Darr, judge Melvin Hoffman and FBI who help catch a suspect hiding in Brasil.
BTW i am not kissing ass to no one, but if is not for the authorities of the US gov. maybe i would never get the money back.
Yawls im worried fr real tho. WHERE THE FUNK IS WAGALO?!?!?!
I haven’recived my payment.
@carl
As per the liquidation plan you might receive additional payments. There is neither a set number or timeline.
someone from outside the USA, have you ever been paid by bank transfer?
These people (Trustee, Administration Team) whatever you wanna call it, are being shady at the end and he re’s why. I am bringing you guys a quick update. I have a few people friends and relatives, who are quite shocked with what they’re doing.
1. The so called “Voting” email they sent was hard to find or even see.. If you have Gmail, it went straight to “Promotion Tab emails” To other email clients, Yahoo, Hotmail, etc was detected as Spam
2. They spend 6 years sending emails with topics such as Telexfree Notice of hearing, Amended Notice in the email topic, Guess what they put on the “Payment Info Required in order to pay members email?
(VOTE) WTF? just around election time in the US. Coincidence?
3. It has been 6 years, so I have friends that did not use their email anymore.. guess what happens once your free email services like yahoo, Hotmail becomes inaactive? right. deactivated. cannot longer receive emails
4. One of their PDF documents. (Distribution Plan or something like that) says.. if you have questions or your information has changed you can contact the email @claimstelexfree blah blah, None of them got a response, and this was previous to June 30
5. With all these precedents they offer members 30 days (until July 30) to vote on a ballot and submit payment info… 30 days? LOL!
6. Finally, today my freind receive the following info on one email
THIS IS BS… JULY 20 Notice does not contain any of these.
NOTE THE COURT HAS AGREED TO EXTEND UNTIL JANUARY 13, 2021, THE TIME FOR PARTICIPANTS TO SUBMIT INFORMATION TO RECEIVE A PAYMENT.
Very confusing. How can anyone submit anything when they have not send anything to submit.
Your “friends” didn’t vote. They miss out. Those who followed the rules are receiving recovery payments.
The more money the Receiver has to spend coddling dumbasses the less money there is for recovery.
Although lengthy, there’s been nothing shady about the process. I’ve managed to keep up with it and I don’t even have a claim.
Also the January 2021 cutoff is for people who voted. No vote, no payment. Simple.
I voted and got a number to verify, can someone point me to the page where I can confirm.
As am not in the US, I chose the option that wasnt Paypal/mastercard. Please shade some more light to allow us follow up.
Confirm what? Not everyone has been paid yet.
If you have access to the claim portal there might be some information there but otherwise so long as you have a valid claim and voted you should be right.
Check your Claim Status on
payment.telexfreeclaims.com/login
@Edgar
So full of BS.. firstly if they used those emails to register as a claimant they should have kept using it in order to keep those email adresses active.
Secondly in every email account sometimes happens to have real and important emails on the SPAM inbox etc.
Email these days is like checking your physical mail box. If most of was followed the developments and received our money, why are you looking for excuses?
Why are guys defending these people? Have you seen the fees and the income they are earning out of this process?
That’s money that claimants are not going to receive. So it’s convenient for them to not receive many claims, but you are right, APCB and OZ about “my friends not following the process” – they should have, I still think a 30 days windows is not enough.
I also have a friend who live in Africa and the only method of payment was a mailed check. (he chose that) sveral days later, he receives another email from admin saying they cannot send him a check and asked if he has a friend or relative in another country whom can receive the claim for him..
Guess how many day he got to respond back to that email.. (1 day) I am sorry.. email received on July 26, please repond by July 27. IMPOSSIBLE.
So.. YES THEY ARE SOOOO FULL OF SHIT!. So Oz.. I know you are not in the process (good for you) and we thank you for the work you do. but yeah man.. Deep inside, they dont care.
Because without government assisted recovery efforts nobody gets anything back, ever.
Alcore Betting Company just collapsed. The scammers are likely from Russia and used cryptocurrency. No recovery is going to happen.
Go ask those victims if they’d prefer nothing or getting 39% back in six years.
Here’s someone yesterday wondering if they’ll ever get anything back from BitClub Network, or if Russ Medlin spent it all banging kids in south-east Asia.
TelexFree victims have no idea how lucky they are to even have the chance to apply for something back. I have no sympathy for people who can’t help themselves.
Yep. Unlike expecting free money from a Ponzi scheme, in the real world people get paid for actual work.
Someone had to clean up your mess and expecting them to spend 6 years working for free is asinine.
The Trustee is paid the same irrespective of how many claims are paid. If anything the less claims allowed means a higher distribution percentage per allowed claim.
It’s been six years. On the flipside we did the right thing complaining about how long everything is taking.
You and your friends aren’t special. Either follow the rules or miss out.
I saw on the docket yesterday some dumbshit demanding her claim be allowed … four years after the deadline. She was denied and now she’s arguing about it.
Not ideal but certainly not impossible.
Plenty of people who kept up to date and followed the rules set by the court have received payments. So while not 100% perfect the system has worked for everyone who participated – which is all it was ever required to do.
Also I think you’re mistaking the purpose of the Trusteeship. Whether they care or not is neither here nor there.
Recovery is a legal process because cleaning up a Ponzi mess is a legal matter. Care doesn’t factor into it.
@OZ.. You know what? You’re right! and I am being honest.. althought what they did with my friend in Africa was a little upsetting. “I am going to pay you with a check” – a few days later.. No. I cannot pay you with a check.. – Give me other details in less than 24 hours or else, you are out” But you’re right. I haven’t seen anyone from all those big ponzis like Unetenet and others getting anything back, and thats a fact
@ZigZag…Thanks, it says my payment is being processed. Let me wait patiently