With an affiliate-base of almost two million and an estimated
three billion dollars invested
, TelexFree is undoubtedly the biggest MLM Ponzi scheme we’ve seen yet.
Now, as we near the two-year anniversary of the scheme’s shutdown, the first round of clawback litigation has been filed against its top investors.
Two separate filings were made by Trustee Stephan Darr on January 15th, listing fifty-six TelexFree investors and the amounts they stole.
In the US some twenty-three affiliates were named:
Benjamin Argueta from Massachusetts stole $4,014,207
Alexandro Rocha from Massachusetts stole $3,115,717
Jose Neto from Massachusetts stole $2,604,994
Julio C. Paz from Massachusetts stole $2,401,578
Euzebio Sudre Neto from Massachusetts stole $1,677,831
Hugo Alvarado from Massachusetts stole $1,343,234
Ana R. Ramos from Massachusetts stole $1,325,909
Linda Suzanne Hackett from Massachusetts stole $1,208,132
Ruddy Abreau from Massachusetts stole $1,184,460
Marco Almeida from New Jersey stole $1,082,464
Rodrigo Montemor from Massachusetts stole $1,006,856
Laureano Arellano from Utah stole $859,545
Aaron Ataide from California stole $855,234
Rosane Cruz from Massachusetts stole $819,327
Omar Quinonez from Florida stole $739,057
Carlos C. Dejesus from Massachusetts stole $736,061
Bilkish Sunesara from Texas stole $633,692
Andres Bolivar Estevez from New York stole $609,258
Jose Lopez from Massachusetts stole $564,454
Ana Rosa Lopez from Texas stole $523,495
Frantz Balan from Massachusetts stole $516,875
Marcelo Dasilva from Massachusetts stole $430,469
Gladys Alvarado from Massachusetts stole $259,764
Darr has requested that the above affiliates, labelled “among the largest net winners” in TelexFree, be appointed Class Representatives of the Net Winner Class.
The Class Representatives will be adequate and appropriate representatives of the Net Winner Class in the course of and by virtue of their own defense to the same claims.
Because they have substantially more (or certainly at least as much) incentive to vigorously defend against the Trustee’s claims as any unnamed class member, these Defendants will fairly and adequately protect and represent the interests of the unnamed members of the Net Winner Class.
Outside of the US, thirty-three net-winner affiliates were named:
Paola Zolli Alecci from Canico, Portugal stole $2,528,899
Maria Ricardina Sousa Dos Santos Delgado from Machico, Portugal stole $2,292,890
Fernando da Silva Gonzalez from Funchal, Portugal stole $1,929,151
Yuncheng Wu from Anhui, China stole $1,488,075
Yanmin Liu from Haerbin, China stole $1,425,657
Ligia Maria Freitas Andrade from Canico, Portugal stole $1,275,690
Sonia Maria Nunes Viveiros from Funchal, Portugal stole $1,181,950
Abraham Perez Dominguez from Huelva, Spain stole $1,151,105
Yong Wu from Shuangcheng, China stole $1,131,604
Roberto Araujo from Funchal, Portugal stole $1,043,260
Rui Gouveia from Santa Cruz, Portugal stole $997,629
Dia
🤖 Quick Answer
What is TelexFree and why is it significant in MLM history?TelexFree represents the largest MLM Ponzi scheme documented, operating with an affiliate base of approximately two million members and attracting an estimated three billion dollars in investments before its shutdown.
What legal action has been taken against TelexFree's top investors?
Trustee Stephan Darr filed clawback litigation on January 15th against fifty-six TelexFree investors across two separate filings, seeking recovery of funds illegally obtained through the scheme's operations.
Who are the primary targets of the clawback lawsuits in the United States?
Twenty-three American affiliates were named in the filings, including Benjamin Argueta, Alexandro Rocha, Jose Neto, Julio C. Paz, Euzebio Sudre Neto,
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