Thursday, May 22, 2014

NEWS UPDATE 22-MAY-2014: FBI / HSI Victim Reports; Uganda makes TelexFree arrest; Nevada Denies TelexFree telecom license; Ponzi Experts Talk TelexFree

FBI Badge & gun.
FBI Badge & gun. (Photo credit: Wikipedia)
News Update for 22-MAY-2014

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.

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1 comment:

  1. My aunt was one of the Telex victims. We are hopeful more will step forward. Nice Read :)