US TelexFree affiliates fed more misinformation
Following TelexFree corporate’s attempts at shovelling a mountain of misinformation onto their US affiliates last Saturday, I thought we might begin to see some sort of coherency between what was pushed onto affiliates and what was actually happening in Brazil.
Following the release of a TelexFree US affiliate conference call held last Sunday though, that seems to be far from the case.
The call featured in this article was hosted by TelexFree US affiliate Randy Crosby and uploaded by Faith Sloan. Both are in the “TelexFree Global Team”, with Sloan declaring on her personal blog that ‘TelexFree is going to be my deal of 2013‘ back in February.
The major focal point of the call appears to be a purported signing of a contract between TelexFree and an unnamed insurance company. For reasons unknown, apparently acknowledging the signing of the contract is ok, but nobody is permitted to publish anything about it:
Any information out there that’s posted guys or read on the actual website for the company it needs to be taken down immediately.
Basically the insurance contract, everything has been done and signed but we are not allowed to post that anywhere on the internet.
[00:36] The company’s very serious about that. they will come and there will be actions. So guys again, if you’ve got information up about insurance posted somewhere, that is information that is delicate they don’t want people posting that everywhere for obvious reasons. (Ozedit: no they’re not so obvious actually…)
But rest assured they do have a signed contract with the insurance company. Infact I believe there’s a couple now.
[19:15] They have the insurance company that is, that uh… Santiago just talked about, but it’s critical that people aren’t posting anything about TelexFree and the name of any of the insurance companies that they are going to use.
So if you’ve got posting out there, this is coming from corporate, uh guys you have to take those postings down.
TelexFree is the only company that is allowed to post anything about their relationships with with other companies. And right now, at the juncture as you guys are reading over here, you have to immediately cease such practices.
People cannot call the insurance company. Believe it or not we had people calling the insurance company asking about their stock, and asking about binaries, and asking about how many people they should put on their left and right team.
Guys, it cannot happen.
[20:28] This is a warning. Anyone that sees individuals out there with postings on websites, the company is asking you to report it. If they’re posting anything about insurance and TelexFree, as far as showing the name of a company or that nature, if someone is out there guys we want you to report it – because they’re very serious about that.
So therefore if you know someone, let ’em know “hey, you gotta take that down immediately”.
And again guys, this is coming right from their legal department with TelexFree. So very, very important that you guys understand that.
One possible reason for Crosby’s repeated stern warning to US TelexFree affiliates is that, contrary to Crosby claiming a contract has been signed and TelexFree’s Director of Marketing appearing on YouTube supposedly branding about a singed contract , it was revealed yesterday that no such contract was ever signed.
That of course didn’t stop TelexFree affiliates from misleading their US counterparts though, with Julio Silva, featured on the call because he ‘from Brazil and speaks English very well‘, using the fake contract as a PR anchor:
[12:48] As everybody knows, when you come into a networking marketing (company) you have to buy a umm, introduction kit – correct?
We have our introduction kit, when you came to TelexFree and you paid $299 dollars… the company give you ten softwares, ten packets – that is your introduction kit.
[13:21] So now, for the first time in network marketing, the money that you pay when you sign with a company is gunna be guaranteed… insured
[14:20] Nothing is gunna happen with Telex, but just incase something happens your money is gunna be secured. The company find an insurance company and they are going to secure our money. This is incredible.
Incredible? I’ll say. Takes some real balls to get on a call and make promises like that based on events that never took place.
Whether Silva and Crosby knew the allegedly signed insurance contract was fake at the time or whether they were simply led down the garden path by TelexFree corporate’s videos is unclear.
As you can see though, that didn’t stop them using it as a major selling point in TelexFree’s defense.
Crosby even pulled the old “why would a reputable business get involved with us if we weren’t legit” later on in the call:
[26:25] The company, even by having and offering the insurance which is going to start for the people in Brazil and then spread out and be offered to people all over the place, guys you think about it. Would a major insurance company, which has never done this before, even offer to insure people’s purchases by paying an extra percentage?
Would they insure if they thought not only was this company not gunna be around but they wouldn’t touch it guys if they didn’t think they could make some money out of it.
And that’s exactly the reason why they’re here. That’s exactly the reason they signed the contract with TelexFree.
Signed insurance contracts that didn’t exist weren’t the only odd claims made on the call, with Julio Silver and fellow affiliate Santiago De La Rosa making some pretty big claims:
De La Rosa – [1:36] We’re happy because everything is fantastic with our company. We right now have the great explosion in our company. And every single day we are more strong.
Every day we are more strong and we have hundreds, thousands of people join to our organisation. That means that we have hundreds and thousands of people every single day that we, all of us, have the opportunity to change their lives. You know? And this is fantastic.
This is fantastic what all of us have right now with TelexFree.
Silva – [4:07] “Ultra, super, mega excited about everything that’s going on with TelexFree.
[4:46] On Saturday we got an update from a magistrate who presiding (over) that case right now… is in the process of putting it down now and y’know, getting TelexFree cleared.
Because they ruled, one of the judges in Brazil has ordered TelexFree to y’know cease- ah y’know, oh, oh, hold onto their business. Not allowing TelexFree to ah pay anyone, not
allowing anyone to sign up. It’s causing huge damages to TelexFree.
Funny that. Yesterday Samoel Evangelista, the judge appointed to hearing the appeal, rejected it. And in doing so, inadvertently re-enforced the words of Judge Thais Kalil, who when granting the original injunction against TelexFree wrote
The issue is that the earnings will be exhausted when the main source of revenue of the group (new affiliate registrations) stops.
Many (affiliates) do not even have the opportunity to recover their initial investment (minimum U.S. $ 339) and this is detrimental.
And despite Public Prosecutors in Acre having had their evidence and case scrutinised and approved by two judges now, Julio Silva had a different take on legal matters:
[5:18] The basis for this charge in brazil is nonsense. It’s pointless, she (the prosecutor) has no facts, she has no proof of what she’s saying about TelexFree. And the information she has on her case is just terribly… she’s just misinformed.
In that case now, so the magistrate they’re putting that order on Saturday but today is actually like a holiday in the state over there in Acre. So I believe either tomorrow or the next day that should be clear out of TelexFree’s website and uh be cleared with the whole thing.
[5:53] So the attorneys for TelexFree, they can ah y’know just continue with the case and on educating them. You know the whole issue is, the people there, it’s just educating them on our system.
[6:25] This is nothing, it’s just going to make TelexFree stronger than ever, more powerful than ever. Because once this is defeated this again validates how powerful and how great of a company we have.
[6:40] Where TelexFree is located in the state of Espírito Santo in Brazil, it’s defeated.
The judge said “no, Telexfree’s a great company. Telexfree does… it’s pointless, it’s not nonsense like some people are claiming TelexFree to be. So it has defeated other eleven cases and this is just number 12 guys.
[7:06] All on Saturday was great news that this magistrate who is above this judge over there is clearing this case so they can investigate or conclude and continue to learn more about TelexFree with TelexFree’s attorneys.
[7:20] Just so everyone knows we have the top-notch law firm in Brazil who is um our attorneys over there.
Obviously they are extremely strong, extremely powerful, extremely knowledgeable and in just the next few days we’re going to have information that this is all done and TelexFree is stronger than ever.
Eleven cases you say? Well that’s the first I’m hearing about them. No further information is provided so one can only wonder what the eleven cases Silva mentions were about.
Given they were obviously stretching things based on what was publicly known at the time (alright, so the magistrate stuff seems to be out-and-out fabrications based on what did happen), one could almost forgive those on the call for doing their best to spin the PR machine.
That is until of course they attempt to completely and utterly discredit critics of TelexFree for… wait for it,
…”being wrong”.
Crosby – [9:26] I know on the internet some people, I went and saw articles… y’know the same articles when we were challenged before in Brazil and people were saying different things, and they get to find out after we won all of those cases that the people who were saying the negative things were wrong. So therefore it kinda sets a precedence for what’s going on.
Each judge, they’re not finding anything wrong with TelexFree and that’s wonderful. And that’s the power of the whole opportunity.
De La Rosa – [9:57] We have to be very smart about the information we find on the internet, because most of, 95%-99% of what is mentioned is from bloggers.
That they sit on a computer everyday criticising people but they’re not doing anything for their lives. You understand?
So it’s very easy for anybody to sit behind a computer and criticise and post improper information and then just throw it out on the web, you know what I mean? So and, uh, uh that’s what happens.
Echoing TelexFree President Carlos Wanzeler’s explanation to US affiliates that ‘everything you hear from news, it’s not true‘, made just days earlier, those on this latest call explained to listeners that
[10:33] Even news websites in Brazil or anywhere out there, sometimes the information it’s not true or factual or to the point. You know what I mean?
So we have to stick to what the company’s saying. To what the attorney’s of the company are saying. And to what the updates we get from our company, not from these people who are outside, just critics.
“Other (MLM) companies” weren’t spared either and were also dragged into the list of excuses being trotted out:
Crosby – [22:01] What’s happening is, some people because of either due to excitement or perhaps listening to negative people who don’t want to see you earn the kind of income that’s being made here, people are saying, well sometimes they say crazy things that make no sense.
Just like they said three months ago, they were wrong then. They said the same thing four months ago, they were wrong then. And some of the people are saying the same thing I heard a month ago, they were wrong then as well.
Bottom line is, guys you have to understand, there are a lot of companies out there that do not, they do not want to see… they feel threatened by TelexFree because of the success that they’re having. Everybody in this company, because they’re posting ads and selling packages back to the company and everybody’s getting paid.
And when you have a company like that it threatens alot of the other companies, it threatens the people in those companies and so you have people saying all kinds of things.
One would hope that the injunction appeal rejection on Monday will provide a much-needed dose of sobering reality for TelexFree affiliates outside of Brazil. Or alternatively perhaps the disconnect between reality and what the company and Portuguese speaking affiliates feed US-based affiliates will continue to increase even further.
Stay tuned…
Yikes! Seems to me like all this MLMs are the same. I do not remember seeing any one that you have ever referred as legit.
Not just you, but the scammers on top of some of them will destroy their competitors. They will even go after their own downline if they try to move on to another one better than the one they are at the top of. Only when they “scammers” find “greener pasture”, they are quickly to coax you to follow them there.
On a side note, I was in Amway, and then followed my “leader” Brig Hart into Monavie. MLM models sound good until you loose thousands of your downline in a flash.
Well, lets see how TF will survive current storm.
TelexFree video English dubbed:
Holy Ponziscams, Batman! I got a triple by-pass headache trying to listen to that.
According to that video, at least now we know TF is in the clear and everything is back to normal again.
Or maybe not.
Telexfree affiliates(about 60 of them) close street and crossing in Rio Branco, Acre, during demonstration against the injunction:
http://g1.globo.com/ac/acre/noticia/2013/06/divulgadores-da-telexfree-fecham-cruzamento-e-ponte-em-rio-branco.html
Thanks for posting that yo.
Basic summary of claims made in the video:
1. Insurance contract cancelled due to TelexFree affiliates using logo of Mapfyre. Totally ignored the fact that Costa himself appeared in a video waving around an allegedly signed contract and that Mapfyre stated they never signed anything.
2. A further appeal will be heard in the 2nd civil court. TF are stating this was done by the judge who knocked back the appeal. That makes no sense seeing as TF would have to file another appeal to take the case further.
In anycase, two judges have already signed off on the injunction based on the evidence presented to them. This appears to be a waste of time on TF’s part. If I was them I’d be focusing my efforts on getting ready for the criminal chargesheet coming their way.
3. Some rubbish about documents from Dr. Ortho Glasner (?) or the other that is somehow going to affect the second appeal. Glasner worked for the tax dept and seems to have worked in a few government roles. Waffle waffle waffle, has nothing to do with TelexFree’s business model.
Costa finishes the call blabbing on about TelexCommerce, as if that somehow negates the Ponzi scheme they’ve previously been running.
Here’s the latest on TelexFree’s planned second appeal. Note the verbiage is remarkable similar to that used in the US affiliate call over the weekend.
The basic gist of it? Nobody understands our business model!
I think TelexFree is going to find out it’s more a case of the fact that the judges and public prosecutors do understand the business model that has resulted in the injunction and appeal rejection.
http://g1.globo.com/ac/acre/noticia/2013/06/carece-de-fundamentacao-diz-advogado-da-telexfree-sobre-decisao.html
I strongly agree Mr. Oz.
I think telexfree is going to have to prove that affiliates are not customers and to produce numbers of how many actual customers there compared to affiliate ratio.
Telex free exec’s seem to be sweet talkers and can charm the ponzie pants off their affiliates, but will they be able to charm the judges? I seriously doubt it. What, do they think they can be the first pyramid ponzie to become legalized?
Having to explain the “purchasing” of contracts which are then “sold back to the company” all whilst paying out a $20 weekly ROI is going to be pretty difficult in court.
Quite obviously they just shuffle new affiliate money around to pay off existing investors. Whacked onto this is all the garbage about contracts and selling.
I’m sure the Telexfree lawyers whom TF claimed “The best money can buy”, have all the proof needed. If anything else to prolong the time needed to build some kind of evidence.
Shifting the blame. Who really knows about MAPFRE’s approval process to dispute what they claim? Basically get a bull**** explanation out there that can’t really be verified, and get the ‘foot in door’ and be the first out there with the info, esp. if it’s fake (but had to sound “somewhat” reasonable)
All people have cognitive bias that we’re influence by the first info we get, and even if it turned out to be wrong it affects out reasoning (even after we know it’s wrong). Those of us aware of it can correct for that bias.
The scammers are using that to get their crap info out first and trying to clog up the sheeple’s minds.
K.Chang, Thanks for the laugh this is so true. A marketing ploy that might also seriously backfire on telex. I don’t know about you but, If I knew I was operating a major pyramid scheme, I would not want any major media attention.
I find it strange that Telexfree is seemingly trying to get all this attention, especially if they are proven to be a ponzie. Maybe the hype got to the top leaders and owners that someone at the top got out of control and overlooked the consequences involved.
Telexfree server is down supposedly for maintenance.
They’re likely just changing the name from TelexFree to TelexFraud.
The first appeal was an “emergency appeal”, reviewed by a single judge within 24 hours. The second appeal will be a full court appeal. It has to be filed within 5 days (1 week).
I liked the part about “He has not been arrested or received any serious complaints while he was working for the Government”. 🙂
I suppose that’s high praise in some circles.
Aaaaaaaaand here come the lawsuits:
http://g1.globo.com/rn/rio-grande-do-norte/noticia/2013/06/divulgadores-do-telexfree-no-rn-tentam-reaver-investimento-na-justica.html
Directly at odds with this however is Brazil’s Department of Consumer Affairs (Procon),
http://g1.globo.com/mato-grosso-do-sul/noticia/2013/06/procon-estuda-auxilio-para-quem-investiu-na-telexfree-em-ms.html
Oh and if you’re wondering just how big the level of fraud being committed within TelexFree was:
Meanwhile, promoters are reassuring the affiliates that TelexFree is here to stay and it is growing bigger and stronger than ever.
That’s probably about the AMOUNT they have invested (in Reals), not about the number of accounts.
Class action lawsuits against the company should normally be stayed. Assets freeze will also affect that type of claims.
And here we have some lawyers trying to get clients to sign up for lawsuits ASAP, without telling them that lawsuits most likely will be stayed?
That sounds like the North Carolina lawyer who tried to get his share of the pie when Zeek was shut down. He is still trying, but he hasn’t managed to do much for his clients (other than giving them the feeling of “being represented by someone”).
You certainly got that right, Mr Silva
On the subject of “insurance:” Profitable Sunrise was the most recent scam to plant the seed that investments in the program were insured. The SEC even spoke to the claim in its Profitable Sunrise complaint and in its public statement on the filing of the complaint.
http://www.sec.gov/litigation/litreleases/2013/lr22666.htm
Longtime observers will recall that AdSurfDaily affiliates planted the seed the FDIC was “insuring” ASD and protecting investors from losses. It seems those affiliates were leading cheers for a debit card issued by Robert Hodgins, currently an international fugitive wanted by INTERPOL. The charge is conspiracy to commit money-laundering. The Feds have linked Hodgins to an alleged deal to launder cash for narcotics traffickers in Colombia.
The current situation at TelexFree reminds me of the time AdViewGlobal — the ASD knockoff purportedly operating from South America (even as it used wires that ran through the United States) — infuriated one of its purported vendors by using its name in what effectively was a news release announcing a new banking partnership.
The purported AVG banking vendor immediately repudiated AVG’s claim, leaving AVG in the impossible position of explaining how something it had announced as a done deal wasn’t a finished deal at all. BTW, AVG made the claim about its purported new banking vendor on the same day the United States announced a crackdown on offshore fraudsters.
On a side note, AVG spent its final weeks effectively blaming affiliates for repeating the claims AVG itself had made. AVG also planted the seed that it would sue its own affiliates and kick them out of the “program.”
I’d say the odds are very high that TelexFree has a considerable number of former Zeekers, former ASDers and former AVGers in its ranks. Like those other “opportunities,” the TelexFree narrative has become so butchered that even its best co-conspirators won’t be able to reconcile it in any rational way.
Setting aside the developments in Brazil, a video that appears to be hosted in the U.S. state of Utah informed prospects that they could purchase an income of at least $1,100 a week for a year by turning over $15,125 to TelexFree.
That alone is potentially fatal. Not only is the “opportunity” presented as the purchase of an investment contract with no corresponding securities registrations, it’s presented as “pay to play” — the more you “pay,” the better your “play.”
PPBlog
This is a Theory, Telexfree made their own case…They paid a judge; they wanted to start fresh with the other counties.
Think about how much money they would have had to pay the Brazilian members. This would have caused problems because most of the money coming in would go to Brazil. They were no longer making much money with Brazil, and most of those people were activating accounts with money in their current accounts.
So most new money was coming in was from other countries… It would be hard for them to pay other countries, because Brazil would be paid first. So instead of saying they could not afford to pay the Brazilians they paid off a judge in the middle of nowhere, and they claimed they didn’t know anything about it…This was a smart move for Telexfree.
Now it’s as though they are starting fresh on a large scale…Because now they’re global! They cut the elephant out of the equation…
I really think they tried, by purchasing the landline, internet and TV Company Voxbras. But quickly realized they would not be able to pay back the Brazilians, when this is all said and done… They will use the excuse that the Brazilian government is corrupt and use protesting as leverage.
This is just a theory… but I think US and other countries have a solid year to build Telexfree before legal issues occur.
the bottom line is simple.. Stay away from MLM companies.. I have yet to see a network marketing company that does not base its efforts on selling the “dream” of being your own boss, making lots of money and spending more time with your family (as they stand on a stage 1000′s of miles away from their loved ones on a Tuesday night).
The products unfortunately are a money subterfuge to get you to take money from your account and put it into their account.. . I am guilty of spending money on the hype like all of us, it can become addicting to chase the “dream”.
Get off this site and and go start an online business the old fashioned way! TF is dead.. that is all that needs to be said. Don’t expect your money back if it left your account. Move on.
And now, a festival of affiliates posting videos saying “hey, Justice. leave us alone”. “you should prosecute the corrupt politicians not a company that’s helping millions of people” and other kinds of things that everyone who follows Ponzi schemes have already heard about in dozens of other companies, like Zeek, SpeakAsia, TVI Express…
http://www.youtube.com/results?search_sort=video_date_uploaded&search_query=telexfree&search_type=videos
In the latest videos it seems that Carlos doesn’t seem to be worried at all about any legal actions going on. It is almost as if he really thinks he is untouchable!
It seems like in a recent video he is also actually drawing a pyramid.
Government issues clarification note on the research process Telexfree:
http://translate.google.ca/translate?hl=en&sl=pt&u=http://www.indicabancos.com/&prev=/search%3Fq%3Dindicabancos.com%26biw%3D1366%26bih%3D604
Question?
Why telexfree still operating here in the USA, if the Judge order it is to stop operation in Brazil and all over the world. When they will be investigated here also.
Have some issues about the media or prosecutor in Brazil. Some of press say TelexFree is fraud “only in Brazil”. But in the US it is one “VOIP company” and “legitimate company and serious”. Probably they need read this website and see all evidences here.
*Google Translate:
http://g1.globo.com/ac/acre/noticia/2013/06/carece-de-fundamentacao-diz-advogado-da-telexfree-sobre-decisao.html
Now TelexFree in Russia? OH NO!!
It had 3 views (including mine).
All the other TelexFree videos found there also had few views, total 1645 views for 16 videos (10 different users, Russia and Ukraine).
We have around 10 articles about TelexFree, the first one from July 2012. You can find a list by clicking on the company name (TelexFree)
* right under the headline in the article, or
* in menus on the right side (top right)
I have also posted some short updates in the forum thread at MoneyMakerGroup.com (a commonly used opportunity forum, typically about pyramids, Ponzies, HYIPs, and so on). It contains some similar information we have here (short version), but presented to a different audience.
Link (disabled) to page 37:
moneymakergroup.com/Telexfree-Telexfreeco-t415036.html&st=540
Currently, only people in Brazil FEEL they have been affected, but people in other countries will be affected within 2 or 3 weeks (or earlier). We don’t have all the information we need about how the judicial system in Brazil works.
Due To Illness and Leaders Are Doing Live Meetings No 8pm Team Call For Wed Night. NEXT CALL Thursday at 2:00pm est.
Must be the Brazilian flu that has affected randy, Darcy, and the rest of the Disneyland cast of characters!!!!
@David B
US affiliates need to recover their investment, so they’ll continue to try and recruit new affiliates.
Now would of course be the perfect time for the US authorities to step in (Massachusetts I think TelexFree are registered in from memory?), but that’s up to them.
Gutting the Brazil side of the business will put a stop to operations globally eventually. Right now all the Brazilian TF affiliates are in the “blame the government phase”, when that evolves into the “holy crap it actually was a Ponzi scheme” phase, due to the amount of affiliates involved in Brazil that’s when things will truly fall apart globally.
As for the “inside job” conspiracy theories, getting declared a Ponzi scheme legally anywhere isn’t a smart PR strategy if you’re intent on global expansion. I’d even go so far to say that in MLM it’s pretty much business suicide.
@M_Norway
Crucial on that front is
1. How much money TelexFree has/had offshore and how much is now locked in Brazil and
2. Arrests of management following the filing of criminal charges against the company by the Public Prosecutor.
On topic one, this will be interesting to watch play out:
That last statement is talking about clawbacks, which appear to be a possibility in the Brazilian judicial system when it comes to Ponzi schemes. But for now, the Prosecutor is focusing on nailing TelexFree legally as a Ponzi scheme, the obtaining of an injunction of which was only the initial stage.
As for investment refunds via a receiver or some such, they appear to only be possible after a case has been filed (“when the merits has been decided” (in court)).
Meanwhile, TelexFree’s latest defense?
“waaaah, the judge is incompetant”.
Guess they’ve given up on the “we’re not a Ponzi scheme because we have faith in god” defense then.
http://www.oriobranco.net/component/content/article/29-destaque/32289-telexfree-mpe-vai-pedir-devolucao-do-dinheiro-aos-divulgadores.html
I have read it. She’s trying to beat some other lawyers in the “last one to file a lawsuit is a loser” race.
They all need to look at Aricle 5 in the Constitution, the part about EQUALITY BEFORE THE LAW.
The Public Prosecutor should ask for an order about STAY in any current or subsequent lawsuits, “assets freeze IS actually assets freeze, and will also apply to lawsuits”.
That will calm the situation down a little, e.g. prevent thousands of affiliates from running to the nearest lawyer in a class action lawsuits race. The law doesn’t work that way.
I can just picture affiliates hiring personal injury lawyers to help them fight their “Battle of Injustice”.
Trying to understand TelexFree’s lawyer (from the last quote in post #33 – economica.ig.com.br)
Horst Fuchs:
“The decisions are void because the Judge and the Court don’t have the correct subject matter jurisdiction”.
“The case is Criminal in nature, and the Court in Acre is Civil”
“There is already a criminal suit in Vitoria, that existed long before the Court in Acre made decisions about a federal case”.
He may or may not have a point. The Court should normally be able to analyse its own jurisdiction in a case.
His favorite defense strategy seems to be about “nitpicking the legal system”, e.g. pointing out jurisdiction issues.
“Nitpickers” are extremely focused on details. It’s both their strength and their weakness.
When the law is on your side, argue the law. When the facts are on your side argue the facts. When neither is on your side, just argue.
That’s my take on it too. Something that could vastly complicate any clawback/claims process would be, as the prosecutor put it, the need to differentiate between “the passive or active [business]” of Telex.
Is that even possible?
TelexFree caught out in another lie, this time Carlos Costa’s claim that SUSEP (The Superintendency of Private Insurance) had approved TelexFree’s search for an insurer:
How did TelexFree’s lawyer Horst Fuchs attempt explain these latest exposed lies away?
Uh what? So Costas wasn’t telling porky pies when he tried to reassure affiliates Susep had approved the specific contract TelexFree were negotiating, with an insurer who has publicly denied signing any such contract?
Costas never mentioned anything about contract models, he was quite clearly specifically talking about the fraudulent Mapfre contract he was waving around.
You spin me right round baby, right round like a record baby right round, round round…
http://economia.ig.com.br/2013-06-27/telexfree-susep-contradiz-informacao-de-que-autorizou-seguro-para-a-empresa.html
Hmmm Just read all of the above and was Amazed, cos TF is new in my country(Nigeria) and alot of people are signing up.Heck I too have signed up!
Wondering how this would affect their operations here, I have to get this word out even if it’s Just for Information sake!
That’s like saying the governor had approved your marriage, isn’t it? When he had nothing to do with it?
Costas is trying to spin the facts every which way to direct blame from himself and toward the government. The problem is the Brazilian government is on top of the situation, and the newspapers are getting the facts out quickly.
Costas should be ready to skip town when the 5-day window expires. Prosecutor’s Office is not going to react kindly toward this sort of slandering.
I expect the prosecutor’s office to be granting interviews soon charging Costas and whoever they can get their hands on with something serious. I don’t know Brazilian law, but there’s gotta be something in there for SERIOUS FRAUD.
Sometimes, I really like the Chinese court system. They sometimes put Ponzi schemers to DEATH for “crimes against the economic and social order”.
Looks like Faith Sloan and her Telexfree scammies are booking a TF conference/get together on July 26th in Southern California. Maybe they aren’t aware of whats happening in Brasil? Or maybe they don’t think the events in Brasil will affect them.
I can just imagine they trying to sign up a bunch of new recruits and be surprised by a total site shut down.
UPDATE: Telexfree: Acre prosecutor initiates criminal investigation.
http://economia.ig.com.br/2013-06-27/no-acre-telexfree-e-alvo-de-nova-investigacao-criminal.html
Quoted from the article,
I am amazed at how loyal Telexfree folks seem to be blind to what a pyramid actually is. I copied this from the facebook page because I thought it was an interesting read.
They are trained for it since their first contact with “the business”. Since they become affilates, they “learn” that the company is the best thinf in the world, and that envy people, competitors and even the government will probably do everything they can against the company.
It’s a complete brainwash, they believe that anyone outside their MLM is evil or dumb. That’s because there’re still people waiting for SpeakAsia and SpeakAsia reopening
Woman says she entered in the Telexfree to buy wheelchair:
http://g1.globo.com/ac/acre/noticia/2013/06/mulher-diz-que-entrou-na-telexfree-para-comprar-cadeira-de-rodas.html
The Horst Vilmar Fuchs’ page: https://www.facebook.com/hvfuchs
@yo
The problem with “but but but we’re gunna do this with the money…” analogies like that is that, when you raise funds via a Ponzi scheme, what you do with or plan to do with the money becomes irrelevant.
Building hotels, buying other companies to try and generate retail does not matter when it’s built off the back of getting affiliates to invest on the promise of guaranteed ROIs paid out of newly invested money.
@icaro (quoting Fusch)
Do criminals routinely have their tax refunded? No.
Day by day Fuch is increasingly sounding like a desperate clown.
Brazilian television (Globo Acre) with the judge.
I do not know if this website is reliable.
http://www.agazetadoacre.com/politica/41930-na-aleac-suspensao-de-contas-da-telexfree-vira-tema-de-debates.html
Again copied from Telexfree facebook page:
Now, Telexfree leaders are pushing a campaign to make affiliates fill a form and send to the court with a declaration “I’m satisfied with the company, and want the injunction to be revoked” (Portuguese):
(Ozedit: video 404 as of March 2020)
Interesting tactic, but isn’t that like a junkie (drug addict) signing a statement certifying his supplier is NOT cheating him? 😀
Have you seen the Telexfree “office” in the US?
Search: “225 Cedar Hill Street Suite 200, Marlborough, MA 01752”
Many companies in the same the place. Here the link to inquire one place there:
[0] regus.com/locations/office-space/massachusetts-marlborough-cedar-hill
[1] regus.com/office-space/united-states/massachusetts/marlborough
[2] bbb.org/boston/business-reviews/multi-level-selling-companies/telexfree-in-marlborough-ma-132025
I must say here that both google translation and bing, absolutely SUCK.I could not make sense of what was written by – YO #53 or any other translation where google or bing was used.
I really hope the death-knell on this company sounds soon. My friends that are in it are at least listening and holding off recruiting any more “affiliates” and starting to withdraw the money they put in.
Some, though are desperate enough to turn a blind eye to the whole swindle if it will but just hold out 6 more months, or 9 more months etc.
One “investigator” spent much of the day trying to find the hotel TelexFree is supposedly building with Best Western. It has been under construction since 2011 and is only about 15% complete (according to the report, it looks “small and ugly”. Perhaps just a cover for money-laundering?
One would think it more likely to be a “credibility builder”
Only TelexFree would know how many new victims it gained since it announced the project versus how much it cost (of victims’ money, not their own) from the credibility generated.