According to NewTimes of Rwanda, TelexFree members there are in a panic when they learned that TelexFree (US) have declared bankruptcy. They are petitioning the government to talk to to the US Embassy Commercial liaison about recovering their money.
The problem here is TelexFree has no Rwanda presence, according to TelexFree itself. It claimed that "it [Rwanda declaring TelexFree to be a fraud] has nothing to do with us [TelexFree]"
This is a common tactic by fraudulent companies: "encourage" local member to register a company in the name of the "parent" company. If it's good, claim it's a new branch. If it's NOT good, it'd be like Mission Impossible... We will disavow any and all of your action.
Which is exactly what happened.
Now Rwandans who put in money are royally f***ed.
Showing posts with label Rwanda. Show all posts
Showing posts with label Rwanda. Show all posts
Tuesday, April 15, 2014
Monday, March 31, 2014
Bad Propaganda: How TelexFree just made a liar out of itself... and all if its affiliates
Around March 18, 2014, Rwanda declared TelexFree to be a money laundering fraud cartel.
TelexFree's response: "That's not me!" Quoting from their own press release:
If TelexFree promoters around the world... say TelexFree is 14 year old, and the company itself says it's only 2-year old...
Clearly one side must be wrong. Given that TelexFree's locations are lies, and they are already delcared illegal in Brazil and under investigation elsewhere, clearly the press release is a total fabrication.
And the willingness of TelexFree to roll all of their affiliates under the bus (you are all liars!) is rather... appalling, even to a bystander.
And that's why you should NEVER believe anything published through PRNewswire.
TelexFree's response: "That's not me!" Quoting from their own press release:
TelexFREE says, "As far as we can tell, this has nothing to do with us other than the fact that somebody is making illegal use of our name. We have in the neighborhood of half a million customers worldwide, and 121 of them are in Rwanda. But we have no connection with P.L.I. Telexfree Rwanda Ltd., the company shutdown in Rwanda. That company allegedly has been in business for 14 years, whereas we just celebrated our second year in business. We've checked our records and find no evidence of the names of the persons associated with that company registered as either our customers or agents. Rwanda wasn't on our radar until this report hit the Internet."Well, what does Google say? If you search for "telexfree 14 year", you'll get... 444000 results. Some are just news, let's filter those out. What you are left with... Are the people selling TelexFree... and they ALL say "TelexFree company is a 14 year old American company"... with a few variations, but same thing.
If TelexFree promoters around the world... say TelexFree is 14 year old, and the company itself says it's only 2-year old...
Clearly one side must be wrong. Given that TelexFree's locations are lies, and they are already delcared illegal in Brazil and under investigation elsewhere, clearly the press release is a total fabrication.
And the willingness of TelexFree to roll all of their affiliates under the bus (you are all liars!) is rather... appalling, even to a bystander.
And that's why you should NEVER believe anything published through PRNewswire.
Related articles
Thursday, March 20, 2014
OLD NEWS? TelexFree was also in Trouble in Colombia and Croatia
Search news archives revealed that Colombia had been investigating TelexFree since late February 2014.
So if you ask where your money is coming from if you are earning in TelexFree... the answer is... everywhere except your country... just as your money went to someone else, probably NOT in your country.
Also in February, a newspaper in Croatia revealed that TelexFree had been recruiting in Croatia as well, with secret meetings and last-second cancellations.In Bucaramanga, researchers have three ongoing processes. One of them is related to the company Telexfree, presented as a system of marketing and advertising for technology.The Commissioner of Police, General Rodolfo Palomino, said this is the third alert the authorities launched the community not falling into deception.
"Simple earnings at home", "Fast internet earnings" and other enticing ads flooded the small advertising newspapers lately, offering the possibility of great additional income with a few hours of clicking the mouse at home.
really sounds tempting, and certainly among the most publicized earnings over TelexFree - let's call it so - system, which has launched a company registered in Brazil and, according to the people who promote it, spread it around the world.
So if you ask where your money is coming from if you are earning in TelexFree... the answer is... everywhere except your country... just as your money went to someone else, probably NOT in your country.
Related articles
Wednesday, March 19, 2014
UPDATED BREAKING NEWS: Rwanda called TelexFree "money laundering cartel"
Rwandan officials blocked $6 million Rwandan francs from moving out of country by TelexFree, a Rwandan investigator told Rwandan Eye News.
Ministry of Trade and Industry representative indicated that the company [TelexFree] has been laundering money, evading taxes and exploiting Rwandans to the benefit of its foreign owners. MTI had formally banned the company from operating recently.
UPDATE: New figure puts the figure at 7 BILLION Rwandan francs, equivalent to 11.3 million USD, transferred out of Rwanda to Germany and the US.
Article also stated that Tanzania already banned TelexFree.
Ministry of Trade and Industry representative indicated that the company [TelexFree] has been laundering money, evading taxes and exploiting Rwandans to the benefit of its foreign owners. MTI had formally banned the company from operating recently.
UPDATE: New figure puts the figure at 7 BILLION Rwandan francs, equivalent to 11.3 million USD, transferred out of Rwanda to Germany and the US.
Article also stated that Tanzania already banned TelexFree.
Related articles
Monday, March 17, 2014
BREAKING NEWS: Rwanda banned TelexFree, Uganda may be next
Uganda's ambassador to Rwanda just tweeted Rwanda's official ruling on TelexFree: it's BANNED! And he's asking Uganda to ban this quickly too!
Thanks to BehindMLM for the lead.
Oh, and here's the official signed order, thanks to PatrickPretty.com for the link and photo.
Thanks to BehindMLM for the lead.
Oh, and here's the official signed order, thanks to PatrickPretty.com for the link and photo.
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