Today’s blog post we have a shocking news update, we are going to share with you important news about Telexfree owners and why they were arrested. Read more…!

1. digit albloggers.com
http://digitalbloggers.com/richguzman/telexfree-review-breaking-news-telexfree-shutdown-owners-arrested/
Telexfree Review | Breaking News! TelexFree Shutdown Owners
Arrested
Today’s blog post we have a shocking news update, we are going to share with you important news about
Telexf ree owners and why they were arrested. Read more…!
Recent breaking news the owners of a network marketing company known as Telexf ree has been placed under
arrest. The arrest took place in the state of Massachusetts and the charges pressed was “bilking investors” up
to 1 Billion dollars in a pyramid scheme.
According to the website MLMRankings James M. Merrill, age 53, of Ashland, co-owner of TelexFree Inc., was
arrested last Friday af ternoon in Worcester, Massachusetts. The FBI and Police also have issued a warrant f or
the arrest of co-owner Carlos N. Wanzeler, age 45, of Northborough, who is now a f ugitive on the run and
certain evidence is show that Carlos has lef t the United States to f lee to Brazil.
These two gentleman have dissapointed hundreds of thousands of distributors and customer by operating a
Ponzi Scheme and involving themselves with wire f raud.
Telexfree Review | Victims Effected
A lot of on the alleged US victims of TelexFree are immigrants f rom Brazil or the Dominican Republic, drawn
into TelexFree’s marketing pitch by other members of their community who boasted with the large sums they
were creating f or the basic job of promoting an World wide web phone service.
The US Securities and Exchange Commission and state Secretary of State William F. Galvin are investigating
TelexFree. The SEC f roze the company’s assets April 16 and f iled a civil suit, two days af ter the f irm f iled f or
bankruptcy.

2. Merrill’s lawyers didn’t return requests f or comment Friday. Wanzeler’s Boston lawyer, Paul V. Kelly, said he was
unaware of an arrest warrant f or his client. “We have no data about the existence of an arrest warrant f or Mr.
Wanzeler,” Kelly stated in an e-mail. “Until we’ve got the opportunity to conf irm this inf ormation and f acts
independently, we are going to have no comment.”
TelexFree spokesman Clif ton Jolley also declined to comment around the charges.
TelexFree claimed to become an Internet telephone services corporation, but authorities say it was really a
pyramid scheme that recruited a large number of “promoters” to post ads f or its product online. The promoters
had been required to purchase into TelexFree, paying anyplace f rom about $300 to about $1,400, then have
been compensated weekly, in accordance with the complaint.
The money generated at Telexfree did not come from sales generated by the ads, but from other
people lured into the scheme, authorities mentioned.
An undercover Homeland Safety investigator recruited to TelexFree in October was told that a
$1,425 investment would yield $100 a week just by posting ads on the internet and recruiting other
individuals, in line with the criminal complaint filed Friday. Homeland Safety agents ordinarily
investigate situations of international monetary fraud.
The undercover investigator in the end posted greater than 700 ads with no promoting any goods, as outlined
by court records. But a f irm recruiter told the agent that it wasn’t necessary to sell items to earn cash; the
recruiter mentioned that he himself had earned $1.six million “without selling a TelexFree solution.”
Documents f iled by f ederal authorities on Friday aim to prove the case that TelexFree was a pyramid scheme.
Authorities stated in court records that their critique of TelexFree’s bank accounts shows that out of
thousands of deposits, only 19 were the outcome of promoting the company’s service, usually known as a
VOIP, or voice more than World-wide-web protocol. Amongst June 2012 and Might 2013, TelexFree created
1,133 deposits totaling $12.2 million to 1 Bank of America account, according to court records. Only nine
deposits were in the level of $49.90 – the VOIP acquire price.
Investigators have discovered 14 bank accounts utilized by TelexFree over about two years as banks kept
shutting the accounts right af ter f lagging TelexFree f or possible economic misconduct or income laundering,
as outlined by court documents. For the duration of a raid of TelexFree’s Marlborough headquarters f inal
month, of f icers intercepted the company’s chief monetary of f icer wanting to leave the constructing using a
bag f illed with Wells Fargo cashier’s checks totaling $38 million.
Brazilian authorities began investigating TelexFree, which operated beneath a various name in that nation, in
January 2013, saying they had uncovered “evidence of crimes.” Many months later, of f icials successf ully barred
the business f rom recruiting new promoters and at some point shut the f irm down, f reezing about $350 million
in f unds.
Telexfree Review | Assets Frozen Now WHAT?
A lawyer f or several of the individuals who lost cash to TelexFree said his customers were satisf ied about
Merrill’s arrest and also the criminal charges leveled against the company’s other owner.
This still causes more problems f or the victims as the money is not available and the distributors are looking
f or another MLM opportunity but don’t know who to trust anymore. This is why MLM has such a bad name

3. f or another MLM opportunity but don’t know who to trust anymore. This is why MLM has such a bad name
because of people who don’t have the experience or the balls to give a shit about people who are hard working
people just trying to get out of debt and achieve their dreams.
Now that the company’s assets have been f rozen and one of its owners arrested, she’s just hoping to acquire
a number of her cash back.
I just you enjoyed this Telexfree review and post your comment below by answering How has
this situation with the shutdown of Telexfree effected you and what are you going to do or
how are you handling your lost income?
Cheers to your success,
Anastacia Hauldridge & Rich Guzman
Call 413-504-3110
Ready to take your business to the next level and
explode YOUR sales team? Tap into the extraordinary
power of Ace & Rich Six Figure Mastery Academy and
learn how to generate unlimited leads, promote YOUR
personal MLM business AND generate unlimited multiple
streams of income while you build your business!
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