TelexFree, despite its name, has NO license to operate long distance until recently neither in US nor Brazil. That only changed when they hired ISG Telecom and its head, Joe Isaacs and received an FCC license in the US in late 2013. It is in the process of applying to various states when the bankruptcy hit.
Mr. Isaacs has a history with MLM through FHTM, but that's a separate story altogether.
On April 18th, 2014 (Friday), Joe Isaacs issued a letter to all the state commissions he had applied to on behalf of TelexFree, stating that he had been lied to, the financial statements are utter fabrications, and the affidavits filed are probably lies too. He quit!
You can read the letter, as spotted by a BehindMLM member "Farao" on the Washington State UTC website:
Good job, Mr. Isaacs. Sure wish you never took on this "hot potato", eh? Better late than never.