Showing posts with label Wells Fargo. Show all posts
Showing posts with label Wells Fargo. Show all posts

Tuesday, April 29, 2014

TelexFree News Update 4/29/2014: Banned in Montana, Wanzeler, Merrill, and Craft forced out?

There are not that many updates for Monday... seems everything will be decided on May 2nd.

Montana Banned TelexFree, citing lies about no operating in that state

On April 23rd, 2014 Montana issued a "cease and desist" to TelexFree, after asking it for many months to provide a list of members in Montana, how much had they paid in, and how much had they been paid. Montana requires all MLM companies to register with the state, and TelexFree submitted an old form. When informed they need to submit the right form, the company kept on submitting incomplete information. In October 2013, TelexFree replied that they are gathering information, and have stopped operating in Montana, and in February 2014, claimed that they are no longer seeking to operate in Montana. However, when TelexFree got raided in Massachusetts, Montana has identified at least 34 participants in Montana, totalling over 70000 dollars.

See PatrickPretty.com for details, and thanks to them for spotting it first.