Individually and through their D&L Trust, Linda and David Hackett stole over $1.2 million dollars from TelexFree victims.

Over four years since
clawback proceedings were filed against them
, the Hacketts have settled with the TelexFree Trustee.

Initially the Hacketts disputed the Trustee’s claims against them. They disagreed with how much the Trustee recorded they stole, despite the figure being put together from TelexFree’s own records.

After settlement negotiations between the parties stalled, the Trustee then went after the Hacketts interest in D&L Trust.

According to the Trustee, this brought the Hacketts back to the negotiation table.

As per a proposed
settlement notice
filed last month, the amount the Hacketts stole from TelexFree victims has been adjusted down to $580,000.

The Hacketts maintain they dispute this figure, based on

the validity of the methodology employed by the Trustee to determine the identity of New Winners and the amount of their Net Winnings.

Nevertheless, as per the settlement agreement the Hacketts will pay back $455,000.

The settlement releases any claims the Trustee has against the Hacketts and D&L Trust, and vice-versa.

The settlement between the parties was approved on April 27th.

🤖 Quick Answer

Who are Linda and David Hackett and what was their connection to TelexFree?
Linda and David Hackett, operating individually and through their D&L Trust, were involved in stealing over $1.2 million from TelexFree victims. Their fraudulent activities resulted in clawback proceedings filed against them by the TelexFree Trustee over a four-year period.

What settlement amount did the Hacketts agree to pay?
The Hacketts settled with the TelexFree Trustee for $455,000. This settlement concluded clawback proceedings that had been ongoing for four years following their alleged theft from TelexFree victims.

Why did the Hacketts initially resist the Trustee's claims?
The Hacketts initially disputed the Trustee's claims, disagreeing with the recorded theft amount of $1.2 million. However

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