Just came across TelexFREE and it is looks like Ponzy for me . Do you have any more information or oppinions about it ?
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Just came across TelexFREE and it is looks like Ponzy for me . Do you have any more information or oppinions about it ?
Oz over on BehindMLM.com has an excellent Telex Free review in which he points out the multiple ponzi/pyramid aspects of Telex Free.
I read this article but I got feeling what it is 50/50 opinion
You can't have an operation that's 50% criminal and 50% legit. That's like saying "the girl's only half pregnant".
The only thing I don't think was clear was the structure, so I made a few updates to the chart. The only money is going to be made by power recruiters and those banking the membership fees. But isn't that the way it is with almost all these programs?
Attachment 4163
There is another new ponzi coming out of Brazil - looks like the Telexfree pimps are now moving over to this new one. All the typical ponzi pimps will be pushing it soon enough. It is called BBOM. You purchase licenses for GPS systems for cars and then the company makes rent money from them, which you supposedly earn 50% of that rent. This has ponzi written all over it.
Sheila McNeill is heavily involved in this.
http://bbomoficial.com/
Some of these people are just absurd, I get why the six figure guys do it (don't agree, but get it), but are there that many people that need GPS that don't already have it? And of that subset, how many want to deal with a 2 up aussie matrix half-nelson verus adding an app to their smartphone.
In Brazil it's coming to an end:
REPORT: TelexFree Diverted $88 Million After Brazilian Judge Blocked Payments
Brazilian Court suspends TelexFree operations | BehindMLM
The Brazilian judge Thais Borges and her family are now threatened to death.
By phone, e-mail and social media.
Sorry, article in Portuguese.
G1 - Em coletiva, MP-AC diz que juíza do caso Telexfree está sendo ameaçada - notícias em Acrehttp://g1.globo.com/ac/acre/noticia/2013/06/em-coletiva-mpac-diz-que-juiza-do-caso-telexfree-esta-sendo-ameacada.html
Latest news say that this is probably the biggest ponzi pyramid scheme in Brazilian history... About 1 million people joined this scam and many more didn't join yet because brazilian feds suspend their fraudulently activities...
When Troy Dooly and his buddies say it's a scam... It's beyond redemption. ;)
Adeus Telexfree. Some top promoters charged.
Read all about it at patrickpretty.com
URGENT >> BULLETIN >> MOVING: SEC Charges TelexFree, Executives And Key Promoters — Including Sann Rodrigues And Faith Sloan
Patrick Pretty is reporting:
http://imageshack.com/a/img836/4305/acfx.jpg
You can read Patrick Prettys' full report HERE
Read Oz' full report on BEHIND MLM
http://imageshack.com/a/img838/5793/g3ik.jpg
You can read the entire Behind MLM report HERE
All the videos on Faith Sloan's website have been taken down. Uh Faith, it is too late for that. :RpS_lol: :RpS_lol: :RpS_lol:
Read the complete update on Patrick Pretty.com
http://i1301.photobucket.com/albums/...ps5d7356ca.jpg
Read the complete article on BEHIND MLM
http://i270.photobucket.com/albums/j...ps95be54e0.jpg
She is right back w/a new scam/ponzi.
https://www.facebook.com/faith.sloan...?stream_ref=10
Reading the comments on this thread made me ill....are people really that clueless?
https://www.facebook.com/faith.sloan...?stream_ref=10
https://www.facebook.com/faith.sloan.Godschild
Faith Sloan "GODSCHILD ????
Gods' children promote ponzi frauds now ???
Damn, things HAVE changed.
http://i1301.photobucket.com/albums/...ps470b6448.jpg
http://i1301.photobucket.com/albums/...ps98f3628b.jpg
WOOHOO,
That didn't take long.
The vultures are moving in to feast on the carcass of TelexFree already:
http://i1301.photobucket.com/albums/...psd350b016.jpg
Quote:
Domain Name: UNIDADMUNDIAL.COM
Registry Domain ID: 1850104477_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.domain.com
Registrar URL: www.domain.com
Updated Date: 2014-03-13 13:52:20
Creation Date: 2014-03-11 22:27:15
Registrar Registration Expiration Date: 2019-03-11 22:27:15
Registrar: Domain.com, LLC
Registrar IANA ID: 886
Registrar Abuse Contact Email: compliance@domain-inc.net
Registrar Abuse Contact Phone: +1.6027165396
Reseller: IPOWER, Inc.
Reseller: support@ipower-inc.com
Reseller: 888 511 4678
Domain Status: clientTransferProhibited
Domain Status: clientUpdateProhibited
Registry Registrant ID:
Registrant Name: Adalmin Berry
Registrant Organization: World Unity LLC
Registrant Street: 25 Cooper St
Registrant City: New York
Registrant State/Province: NY
Registrant Postal Code: 10034
Registrant Country: US
Registrant Phone: +1.2018692362
Registrant Phone Ext:
Registrant Fax:
Registrant Fax Ext:
Registrant Email: berryn77@hotmail.com
Registry Admin ID:
Admin Name: Adalmin Berry
Admin Organization: World Unity LLC
Admin Street: 25 Cooper St
Admin City: New York
Admin State/Province: NY
Admin Postal Code: 10034
Admin Country: US
Admin Phone: +1.2018692362
Admin Phone Ext:
Admin Fax:
Admin Fax Ext:
Admin Email: berryn77@hotmail.com
Registry Tech ID:
Tech Name: Adalmin Berry
Tech Organization: World Unity LLC
Tech Street: 25 Cooper St
Tech City: New York
Tech State/Province: NY
Tech Postal Code: 10034
Tech Country: US
Tech Phone: +1.2018692362
Tech Phone Ext:
Tech Fax:
Tech Fax Ext:
Tech Email: berryn77@hotmail.com
Name Server: NS2.IPOWER.COM
Name Server: NS1.IPOWER.COM
DNSSEC: Unsigned
http://i270.photobucket.com/albums/j...psbdf1d5e0.jpg
Read Jordam Maglichs' full report on FORBES.com
The Boston Globe is now reporting:
https://imagizer.imageshack.us/v2/53...0/835/5tn8.jpg
Read the complete story on The Boston Globe website HERE
can't believe he's not taking credit for shutting it down. lmao.
I guess fhtm really wasn't that bad according to this letter.
19. Randy N. Crosby, age 51, lives in Alpharetta, Georgia. He is one of the most successful promoters of TelexFree and has appeared in TelexFree promotional videos that have been posted on the internet. He has also promoted TelexFree through a website called "everybodygetspaidweekly.biz"
http://www.youtube.com/watch?v=X2NJc...yer_detailpage
http://i1301.photobucket.com/albums/...psfab7e041.jpg
everybodygetspaidweekly.biz
The Montana Commissioner of Securities and Insurance has issued a temporary Cease and Desist order against Telexfree.
http://i270.photobucket.com/albums/j...ps5a5096db.jpg
Montana Commissioner of Securities and Insurance press release
View the Temporary Cease and Desist order in .PDF format HERE
I've been following the coverage over on behindmlm. I've seen a few posts complimenting Oz on his reporting because of the latest developments.
Here's what I wish I could ask all those people:
Behindmlm's first article on this ponzi posted July 2012. What did they think of him then? Did they think he was just a scam site bashing supposed genuine business opportunities and trying to stop people from making money? How many readers read the review and joined anyway, lost money, and are now posting comments and asking for help to get their money back?
That reminded me of a quote from Cosmic Connie the other day, who has an awesome blog of her own.
"I write all of this knowing full well that in the end, no matter how much I jab at Joe, make sport of Mocktor Loony, or kick at Katie, the lure of those sweet little lies will continue to win more hearts and wallets than a snarky little hobby blog ever could. But if you think that knowing this is going to stop me, you have seriously misunderestimated me."
Whirled Musings
Oz over on BEHIND MLM is reporting De La Rosa & Crosby preliminary injunction granted
I have some poorly organized information about potential organizers for TelexFree.
BWFC PROCESSING CENTER, LLC (reg: 2012-08-29) was the Commercial Registered Agent that registered TelexFree LLC in Nevada, 2012-07-19 (July 2012). It's also the agent for:
TELEX MOBILE HOLDINGS, INC 2013-11-26 (late November 2013)
TELEXELECTRIC LLLP 2013-12-02 (early December 2013)
BWFC PROCESSING CENTER, LLC is owned by ADAMS, CRAFT & EWING LLLP reg. date 2010-03-03, a partnership owned by
* Paul T. Adams (P. Thomas Adams)
* Joe H. Craft (TelexFree's CFO and "partner")
* John D. Ewing (Bridgeway assets protection)
PROBLEM #1 = too much data:
BWFC PROCESSING CENTER, LLC is registered agent for 1,276 Nevada entities, too much to check. The group of people is also operating as agents in other jurisdictions.
PROBLEM #2 = little is known:
Little is known about Paul T. Adams, the name is too generic to give reliable results when searching the internet. He's the resigned agent for several revoked / permanently revoked / dissolved / default companies in Nevada, around 2005-2007.
Little is known about John D. Ewing, other than his "public profile" as manager for BRIDGEWAY FINANCIAL CORPORATION reg. 2005-02-14.
Joe H. Craft was TelexFree's CFO until he resigned after the TRO in Massachusetts, when he was caught with $38 million in Cashier's Checks when TelexFree's office in Massachusetts was raided by Homeland Security April 16 2014.
PROBLEM #3:
I have poorly organized lists of:
A: Nevada companies where BWFC PROCESSING CENTER, LLC is the registered agent.
B: Nevada companies where Paul T. Adams was registered agent / had a position.
The lists are simply copied from Nevada Entity search, Nevada Agent search and similar search methods. It's a method used when you don't know exactly what you're looking for, when you try to identify what to look for and how to find it.
THE LOGIC GOES LIKE THIS:
1. I was initially trying to identify Joe Craft's role in TelexFree.
2. BWFC PROCESSING CENTER, LLC popped up as one of the companies.
3. ADAMS, CRAFT & EWING LLLP popped up
4. BRIDGEWAY FINANCIAL CORPORATION and John D. Ewing popped up
5. Paul T. Adams popped up
6. Then it was time to stop, before derailing further from what I initially was looking for.
I found a group of 3 organizers rather than 1.
I found assets protection strategies, e.g. a chains of companies to hide the real owners.
I found indicators of multiple scams, e.g. immigration investor scams (EB5 scams).
This introduction was needed to understand some of the details I will post.
The Telexfree bankruptcy case has now been formally transferred to Massachusetts
The United States Bankruptcy Court for the District of Massachusetts has established a Telexfree information page which can be accessed HERE
http://i270.photobucket.com/albums/j...pse38205be.jpg
United States Bankruptcy Court, District of Massachusetts Telexfree LLC bankruptcy page
Judge Gorton of the Massachusetts District Court has granted a preliminary injunction against Faith Sloan and Sanderly Rodrigues de Vasconcelos (Sann Rodriguez)
By courtesy of ASD Updates.com the Sloan preliminary injunction can be viewed in .pdf format HERE or downloaded in .pdf format from HERE
Sloan and Rodrigues have been:
* ordered to cease conducting and further fraud involving securities or otherwise
* prohibited from destroying evidence that may be used against them
* ordered to deposit with the court any funds received from TelexFree investors that are currently held outside of the US
* prohibited from opening any new bank accounts and accepting any new funds from TelexFree investors
* ordered to provide the SEC with details of any funds received by them from TelexFree investors, including how such funds were then spent
* ordered to provide the SEC with a list of any and all assets worth at least $500 individually
* ordered to provide the SEC with a list of all bank accounts used (under direct or indirect control by Faith and Rodrigues)
* ordered to repatriate within 5 days any assets located outside the USA which may have been obtained directly or indirectly from investors and/or promoters
Courtesy of ASD Updates.com the preliminary injunction against Sanderly Rodrigues de Vasconcelos (Sann Rodriguez) can be viewed in .pdf format HERE or downloaded in .pdf format from HERE