With the clocking ticking down towards her TelexFree trial, now news that Faith Sloan has reached a settlement with the SEC.

In an April 3rd joint filing, the SEC moved for a continuance of Sloan’s May 13th trial date.

The regulator claims it has ‘
arrived at a settlement in principle to settle the Commission’s claims against Faith Sloan
‘.

Late last month the SEC moved to
drop two securities fraud claims against Sloan
, leaving a standing
$1.2 million million dollar motion for summary judgment
.

Details of the proposed settlement between the SEC and Sloan are yet to be made public.

The SEC writes it has “begun the process of seeking” approval of settlement, which it expects to be decided upon by June 30th.

In light of this, the regulator sought a continuance of Sloan’s trial date to “no earlier than” July 1st.

On April 4th Judge Gorton partially granted the motion, allowing for a 4 week continuance.

Sloan’s new trial date has been scheduled for June 10th, pending a stipulation of dismissal if the SEC’s settlement is approved before that date.

Despite being
subject to a preliminary injunction
that prohibits her from committing further acts of securities fraud, Sloan continues to promote fraudulent investment schemes.

Sloan’s latest schemes are
WoToken
and
Super Coding Fly
, two crypto bot Ponzi schemes she openly promotes to the public.

To date the SEC has not addressed Sloan’s continued violation of her May 7th, 2014 preliminary injunction.

Update June 5th 2019 – 
On June 3rd a
$778,455 final judgment order
was filed against Sloan.

🤖 Quick Answer

Who is Faith Sloan and what is the TelexFree settlement about?
Faith Sloan has reached a settlement with the SEC regarding TelexFree fraud allegations. The regulator dropped two securities fraud claims while maintaining a $1.2 million summary judgment motion. Settlement details remain undisclosed, with final approval expected by June 30th, leading to a trial continuance from the original May 13th date.

What charges did the SEC drop against Faith Sloan?
The SEC moved to drop two securities fraud claims against Faith Sloan in late March. However, a $1.2 million summary judgment motion remains standing. The regulator announced it had reached a settlement in principle, though specific terms have not been publicly disclosed at this time.

When will the SEC's settlement with Sloan be finalized?
The SEC expects to receive approval for the settlement agreement with Faith Sloan

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