James Merrill, co-owner of the $1 billion TelexFree Ponzi scheme, was denied bail last Friday in Massachusetts. Magistrate Judge David Hennessy ruled Merrill must remain in custody following a hearing, stating the government met its burden to prevent his release.

Judge Hennessy ordered Merrill remanded to the custody of the US Marshals until further notice. Prosecutors presented a substantial binder of evidence during the bail hearing. This included letters from numerous TelexFree affiliates, detailed phone call logs, and a corporate profile for TelexFree Canada Inc. Information collected from the "TelexFree Canada" Facebook page was also submitted as part of the government's case. The specific content of the phone logs or the exact relevance of TelexFree Canada to the charges against Merrill was not publicly detailed by the court.

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