TelexFree Headquarters Raided by Feds
Marlborough, MA, April 17, 2014 -- Agents from the FBI and Homeland Security, acting on a search warrant, raided the headquarters of TelexFree Inc. on Thursday after Securities regulators in Massachusetts filed a lawsuit against the company, accusing it of defrauding tens of thousands of investors.
Massachusetts Secretary of State William F. Galvin's office said that TelexFree targeted mainly Brazilian immigrant communities, offering annual returns of up to 250 percent. TelexFree was shut down in Brazil last year for fraud, and has been under investigation in countries around the world since last summer.
TelexFree has denied the allegations of fraud in press releases. The company's US website was taken down on Tuesday.
More TelexFree News and Articles
- TelexFree President Sentenced
- Agents Seize Approximately 20 Million in Scheme to Launder TelexFree Funds
- TelexFree President Pleads Guilty
- TelexFree Exec Requests Suppression of Evidence
- Claims Against TelexFree May be Filed Starting April 1
- TelexFree Rep Jailed for Contempt
- Bankruptcy Judge Finds TelexFree Operated a Fraudulent Scheme
- Lawyers in TelexFree Case Seek to Delay Trial
- First Group of Claimants Receive TelexFree Settlement Checks
- Class-Action Lawsuit Filed Against TelexFree
- Trustee in TelexFree Case Details Alleged Fraud
- TelexFree Victims May Have a Long Wait to Settle Claims
- Warning Issued Against iFreex, Possible Offshoot of TelexFree
- Group Represents TelexFREE Victims
- TelexFree Accountant Denies Wrongdoing
- Feds Seek Assets in TelexFree Case
- TelexFree Owners Indicted in Federal Court
- U.S. Challenges Merrills Bid for Access to Funds in TelexFree Case
- TelexFree President Seeks Release of Frozen Assets
- Judge Allows Bail for TelexFree Co-Owner
- Trustee Appointed for TelexFREE, Class Action Lawsuits Filed
- TelexFree Co-Owner Denied Bail
- Wife of TelexFree Co-Owner Arrested While Trying to Flee Country
- TelexFree Owner Arrested
- TelexFree Owner Appears to Have Left the US
- TelexFREE Sets Up In Canada
- SEC Urges Federal Judge to Move TelexFREE Case to MA
- TelexFree Issues Statement
- 38M in Checks Recovered as CFO Flees TelexFree
- TelexFree Headquarters Raided by Feds
- TelexFree Files for Bankruptcy
- State SEC Charges TelexFREE
TelexFree Profile
Create a Free TelexFree Rep Listing