TelexFree President Seeks Release of Frozen Assets
July 2, 2014 -- Lawyers for TelexFree president and co-owner James Merrill filed papers Tuesday in the U.S. District Court in Worcester, MA, requesting the release of more than $4 million from frozen bank accounts to pay for his defense.
Merrill's attorneys said that the amount they are requesting be made available is based on the magnitude of the crime he has been charged with, and the costs of defending white-collar cases such as his.
Also included in the filing was a petition to the court to release funds that attorneys say are related to Merrill's commercial cleaning business and not TelexFree, a request that was unopposed by the SEC.
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