With criminal proceedings against TelexFree’s James Merrill
completed
, the SEC filed for a lift on the stay that
froze their civil case
back in 2014.

That motion was granted on September 12th, which will see the SEC resume proceedings against TelexFree, Carlos Wanzeler, Santiago De La Rosa, Randy Crosby and Faith Sloan.

James Merrill
,
Steven Labriola
, Joseph Craft and
Sann Rodrigues
were also included in the initial complaint but have since settled.

Whereas Carlos Wanzeler, Randy Crosby and Santiago De La Rosa have kept relatively low profiles since the TelexFree bust, Faith Sloan dubbed herself “CryptoQueen” and has been promoting cryptocurrency trading.

Since getting involved in cryptocurrency Sloan has become highly secretive, conducting business only through her “Cryptocurrency – BlockChain: QueenWiki” closed Facebook group.

Under the alias “Market Disruption”, Sloan is currently promoting the
USI-Tech
Ponzi scheme.

On the same day Judge Gorton lifted the stay on TelexFree civil proceedings, the SEC filed a motion to amend their original complaint.

The second proposed amendment adds Santiago De La Rosa, Randy Crosby and Faith Sloan to the third claim for relief.

It also explicitly requests Carlos Wanzeler be permanently barred from serving as an officer or director of a public company.

The motion is currently before the court awaiting approval. I don’t see why it wouldn’t be granted, after which an update on current proceedings is expected.

Update 5th October 2017 – 
The SEC’s request to amend their complaint was granted on September 28th.

The SEC filed their second amended complaint later the same day.

🤖 Quick Answer

What is the current status of the SEC's civil case against TelexFree?
The SEC's civil case against TelexFree resumed in September following the completion of criminal proceedings against James Merrill. The court granted the SEC's motion to lift the stay that had frozen proceedings since 2014, allowing the agency to continue legal action against the remaining defendants.

Who are the defendants in the ongoing SEC civil proceedings?
The active defendants include Carlos Wanzeler, Santiago De La Rosa, Randy Crosby, and Faith Sloan. Four other individuals—James Merrill, Steven Labriola, Joseph Craft, and Sann Rodrigues—were originally named but have since settled their cases with the SEC.

What activities has Faith Sloan pursued after TelexFree?
Following the TelexFree collapse, Faith Sloan rebranded herself as "Cryp

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