|FBI Badge & gun. (Photo credit: Wikipedia)|
FBI Needs TelexFree Victims' Help
Federal Bureau of Investigations (FBI) and Homeland Security Investigations (HSI) needs more victims of TelexFree to step forward and report how they are victimized. Please go to the following link to visit the FBI webpage, and fill out a questionnaire at the end.
Please note this is for the CRIMINAL case, which is separate from the CIVIL case pursued by SEC
Uganda Makes First TelexFree related arrest
Uganda makes the first TelexFree related arrest of a local Ronald Muramuzi, who apparently was recruiting people into multiple HYIPs under multiple aliases and alternate names, and thus making himself quite rich. He's alleged to have profited by 2.37 Million USD (over 4 billion UGX)
Nevada denies TelexFree telecom license
TelexFree applied for Nevada telecom license on April 1st, 2014 (apparently not a joke), then declared bankruptcy on April 12, 2014 (okay, now it's a joke). Since then it's been raided, co-owner arrested, another ran for homeland of Brazil, and TelexFree 8 charged with fraud.
Due to the tortoise speed of bureaucracy, it took till now for Nevada to deny the TelexFree telecom license, stating that due to the bankruptcy application, the financial numbers provided with the application cannot be trusted.
WSJ Ponzi Experts Talk TelexFree
Wall Street Journal's experts talk with 2 Ponzi Experts, including Jordan "Ponzitracker" Maglich, on how the TelexFree case had gone, and will likely go in the near future.