TelexFree, a suspect Ponzi in Brazil, has apparently trying to make inroads in other parts of the world, which resulted in a warning from at least two European police units, specifically, from Jersey and Guernsey.
For those who's not familiar with geography, Jersey is a part of "channel islands" between Great Britain and France. Guernsey is another such island. Jersey is nominally its own nation, though a British Crown Dependency, and its law enforcement is basically British. It has a heavy Madeiran population (Wikipedia states 14% of the population are of Portuguese descent).
Madeira is another island off coast of Europe, specifically Portugal, and thus speaks Portuguese, same as Brazil.
The warning reads:
The States of Jersey Police have been made aware of a potential fraud which is targeting Jersey’s Madeiran community.
Guernsey Police have issued a similar appeal.
The scheme is under a company name of TELEXFREE and would require initial investments with the promise of big returns.
The scheme originated from Brazil and is currently being investigated by the Brazilian authorities as it is believed to be fraudulent.
Jersey Police know that islanders have been approached to “invest” in the scheme, but as yet have not had any contact from victims of the scam.
If anyone in Jersey has invested money into a TELEXFREE scheme they should contact the Joint Financial Crimes Unit on Tel: 01534 612250 (during office hours) or Police headquarters on 01534 612612 (at other times).
It is only a matter of time before the police units in other European countries issue their own official warnings.
(Thanks for BehindMLM for the initial report)