TelexFree victims participating in the Trusteeship claims process are being targeted by scammers.
On September 6th the US Bankruptcy Court for Massachusetts published the following order:
The Court having recently received information indicating that fraudulent Court documents have been circulated to claimants in this case accompanied by requests for sensitive information, including bank account information, a status conference is set for September 7, 2022 at 12:30 p.m.
No specifics about the “received information” has been made public. Sounds like recovery scammers to me.
A recovery scam is where scammers pitch recovery of lost funds to victims of Ponzi schemes.
Typically this involves a website, or redirecting victims to Telegram or WhatsApp.
The scammers will ask for information and concoct a suitable story to keep the victim strung along. It might take a day of back and forth, it might take a week, it might take a month; eventually the victim will be asked to hand over money.
That’s when the scammers make off, leaving the victim effectively double-scammed.
The court’s mention of bank accounts suggests scammers might be requesting access information via fake court documents. Armed with that information, they’d then try to drain the accounts.
If you’ve participated in the TelexFree victim claims process (even if you had your claim denied), be wary of anyone promising you recovery.
The Trusteeship has all the information they need. And if you receive anything containing court documents and/or purported communication from the Trusteeship, you can always verify it with the appropriate party.
I don’t usually get involved in the victim side of things but can answer court docket questions below. I can’t speak for anything sent out (purportedly or otherwise) by the Trusteeship.
I’ll keep an eye on the docket to see if any further information comes to light later today.
🤖 Quick Answer
What is a recovery scam targeting TelexFree victims?A recovery scam is a fraudulent scheme where criminals contact victims of Ponzi schemes, offering to recover their lost funds in exchange for upfront payments or sensitive information. Scammers typically use websites, Telegram, or WhatsApp to contact victims and request banking details or personal data for alleged recovery purposes.
How are TelexFree claimants being targeted by scammers?
TelexFree victims participating in the Bankruptcy Court's claims process receive fraudulent documents impersonating the court. These fake communications request sensitive information including bank account details, exploiting victims' vulnerability and desire to recover losses from the collapsed investment scheme.
What action did the US Bankruptcy Court for Massachusetts take?
Following reports of circulating fraudulent court documents and requests for sensitive information, the US Bankruptcy Court for Massachusetts issued an order on September 6
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