Wednesday, April 23, 2014

BREAKING NEWS: SEC appears in TelexFree Nevada bankruptcy court, wants whole thing moved to Massachussetts

English: The Seal of the United States Federal...
English: The Seal of the
United States Federal Bureau of Investigation.
(Photo credit: Wikipedia)
SEC has formally filed a motion to join the Nevada TelexFree bankruptcy hearing, and to move the Nevada Bankruptcy hearings to Massachussetts, according to court documents filed, as spotted by The filing revealed that there are two separate probes, one by Massachussetts secretary of state, securities division, and one by US Attorney's office (department of Justice), that involved FBI, HSI, ICE, and possibly other agents. It notes that while the company is registered in Nevada, it really exists only in Massachusetts.  Asset freeze obtained by SEC started April 16th, 2014.

The SEC motion can be viewed here, courtesy of KCCLLC

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