A pair of Porsches and nearly a million dollars in illicit gains. That's what Randy and Sonya Crosby are giving back after getting caught up in the TelexFree fraud scheme.

The Crosbys have settled with the TelexFree Trustee following settlement negotiations with the SEC that began late last year. A stipulated settlement filed on March 21st covers both spouses and has already been signed off by the SEC.

The numbers tell the story. Randy Crosby pulled $487,620 from his TelexFree accounts. His wife Sonya extracted $541,450. Combined, they took nearly $1.03 million through the scheme.

Under the settlement, they're surrendering the goods. Two bank accounts come first: $50,000 sitting in an SMC Management account and an unspecified amount in a SunTrust Bank account. The trustee isn't saying how much sits in that second account, though the omission suggests it's substantial.

Then come the cars. A 2014 Porsche Cayenne Diesel SUV and a 2014 Porsche Panamera S Hybrid. Two luxury vehicles purchased with money that belonged to other victims.

The deal comes with a condition. Once the Crosbys comply with every term of the settlement, all claims against them from the Trustee are released. They also face separate terms from the SEC settlement, though those details remained sealed at the time of publication.

Judge Hoffman approved the settlement on April 19th, clearing the final hurdle.

🤖 Quick Answer

What settlement did Randy Crosby reach regarding the TelexFree fraud scheme?
Randy Crosby and his wife Sonya settled with the TelexFree Trustee following SEC negotiations. They agreed to surrender approximately $1.03 million in illicit gains extracted through fraudulent accounts, including two Porsches and bank funds totaling at least $50,000, with additional amounts from SunTrust Bank.

How much money did the Crosby couple extract from TelexFree accounts?
Randy Crosby withdrew $487,620 from his TelexFree accounts, while his wife Sonya extracted $541,450, totaling nearly $1.03 million in combined illicit gains obtained through their participation in the fraudulent scheme.

What assets are the Crosbys surrendering under the settlement agreement?
The Crosbys are forfeiting

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