With TelexFree's fate in limbo, and people wondering what will happen, it helps to read some REAL HISTORICAL information of similar entities, rather than relying on badly translated and often, outright WRONG translations of news, some even picked up by small regional news outlets as if it's the real thing. Yes, I'm pointing at RTP on
Madeira, whose reporter apparently was repeating GARBAGE mis-translated by TelexFree promoters rather than real court documents and decisions (which in turn, was picked up by TelexFree believers as if it's the truth).
Those of you who enjoy listening to sweet little lies, go ahead and tune out the truth here.
Those of you actually interested at the TRUTH should read BehindMLM.com, Ponzitracker.com, PatrickPretty.com or this blog here (through Google Translate if you don't read English)
Now, what are common among 2 different ponzi schemes, and the alleged ponzi scheme TelexFree?
FACT: All three claimed to be selling something legitimate
- Ad Surf Daily (ASD) claims to sell internet ads
- Zeek Rewards (Zeek) claims to sell penny auction bids
- TelexFree (TF) claims to sell long distance minutes
FACT: All three claimed that if you give it money, it promised to give you back a lot more money over time
- ASD makes you a) buy 'ad package', and b) gives you 'rebates' (up to 2% per day) over X days
- Zeek makes you a) buy 'bids' and b) gives you 'profit share' (up to 1.5% per day) over 90 days
- TF makes you a) buy Adcentral packs and b) gives you $$$ for 52 weeks at up to 250% profit
(NOTE: TF last year changed to giving away
VOIP packs, which they will buy back from you)
FACT: All three claimed they are NOT investments because you have to do some
inconsequential work to "qualify" for your money... if you give them money first.
ASD has you "watching" some video ads, while Zeek and TF have you POST internet text ads. They are inconsequential and worthless. They cannot possibly the reason you're paying that much. Thus, the logical reason is they want you for your money (i.e. that stuff you "buy").
FACT: All three has a nonsensical business model if you think about it
- ASD: How would you watching each other's ad magically grow revenue if there's no outside source of revenue? Who are buying these ads except EACH OTHER?
- Zeek: Is the company actually making ENOUGH from penny auctions to be rolling in profit to pay out at 1.5% daily? And why pay people that amount for inconsequential work like posting ads when you can hire people in Asia to post that for pennies? (And in fact, some companies offer to post those ads for you for a few dollars a month)
- TelexFree: VOIP has far better providers like Skype, or other chat clients. Why use TelexFree? Why are they paying outrageous rates for inconsequential work? (And in fact, some companies offer to post those ads for you for a few dollars a month)
But wait, there's more! A LOT MORE!
