The TelexFree Receiver has sent out an email detailing a second distribution to valid claim holders.
As per the email,
shared on BehindMLM by a reader
, valid claim holders will receive a second distribution payment of 4.5 cents on the dollar.
I believe this is calculated on the total allowed claim value, irrespective of the first distribution payment amount.
E.g. if your allowed claim was for $1000, you can expect a $45 second distribution payment.
Valid claim holders have until September 23rd to make any changes to their payment method in the official payment portal.
Note that these payments will go out automatically. Anyone asking for payment information or anything else related to the second distribution is trying to scam you.
Also, and this should go without saying, if you don’t have a valid claim there have been no changes. You will not receive a distribution payment.
Anyone telling you otherwise is trying to scam you.
The TelexFree Receiver advises second distribution payments will go out on September 30th. I’ll leave an update below confirming the payments have been received.
As of April 2020, TelexFree victims with approved claims had
recovered ~40% of their losses
. The second distribution payment would appear to increase that amount to roughly 44% to 45%.
🤖 Quick Answer
What is the TelexFree Receiver's second distribution payment amount?Valid claim holders will receive a second distribution payment of 4.5 cents per dollar of their total allowed claim value. For example, a claim of $1,000 results in a $45 payment. Claim holders must update payment method preferences by September 23rd through the official portal.
Until when can TelexFree claim holders modify their payment details?
Valid claim holders have until September 23rd to make changes to their payment method in the official payment portal. Modifications must be completed before this deadline to ensure proper payment processing for the second distribution.
What warning does the TelexFree Receiver issue regarding payment requests?
The Receiver warns that anyone requesting payment information or details related to the second distribution is attempting fraud. Legitimate payments are processed automatically, and no personal or financial information should be provided to unauthorized parties requesting
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