TelexFree Trustee goes on clawback rampage

Dating back to early March, the TelexFree Trustee has filed no less than thirteen clawback lawsuits against non-investors who profited from
TelexFree
.

Under counts of fraudulent transfer filed in adversary proceedings, the parties the TelexFree Trustree is suing are as follows:

TelexFree’s owners, their families and manual credit net-winners

Providing some insight into the behind-the-scenes operation of a billion dollar Ponzi scheme, the Trustee has filed a lawsuit against TelexFree’s owners and members of their respective families.

TelexFree was a money-making machine for its Principals and the defendants.

The Principals and their associates reaped great rewards from involvement in the scheme, to the detriment of the vast majority of participants who were net losers.

In December 2013, the Principals collectively withdrew $10,000,000 from TelexFree.

The Principals additionally bilked money out of TelexFree in at least two other ways – by having related parties acquire membership plans and become Net Winners who recovered more from he scheme than they invested, and by having TelexFree issue so-called “manual credits” to relatives and associates of the Principals that could be sold for cash to other Participants.

The Principals enlisted relatives and other associates int heir implementation of the massive TelexFree fraud.

Certain Participants who were relatives or surrogates of the Principals received net winnings from their involvement in the scheme and used these net winnings to benefit themselves and the Principals.

The Principals also caused TelexFree to issue large amounts of “manual credits” – that is, credits unrelated to those credits generated from advertising and recruitment activity – to certain other individuals who were relatives or surrogates of the Principals.

These manual credits were then sold to other Participants for the benefit of the Principals and the Manual Credit Recipients.

Wheeling and dealing between a Ponzi scheme’s owners and their families? Just another day in the shady MLM underbelly…

Carlos Wanzeler (Co-owner, Treasurer and Director of TelexFree)

Fabio Wanzeler is the brother of Wanzeler. Fabio Wanzeler had Net Winner Payments from participation in TelexFre totaling $511,828.

Lyvia Mara Campista Wanzeler is the daughter of Wanzeler. Lyvia Mara Campista Wanzeler had Net Winner Payments from participation in TelexFree totaling $97,515.

Maria Eduarda Wanzeler de Almeida e Souza is related to Wanzler. Maria Eduarda Wanzeler de Almerida e Souza had Net Winner payments from participation in TelexFree totaling $18,884.

Drucila Wanzeler is related to Wanzeler. Drucila Wanzeler had Net Winner payments from participation in TelexFree totaling $15,678.

Marisa Machado Wanzeler Salgado is related to Wanzeler. Marisa Machado Wanzeler Salgado had Net Winner payments from participation in TelexFree totaling $10,161

In total, Carlos Wanzeler’s family stole $654,066 from TelexFree victims.

Carlos Wanzeler himself

🤖 Quick Answer

What legal actions has the TelexFree Trustee initiated since March?

Who are the primary defendants in the Trustee's clawback litigation?
The defendants include TelexFree's principals, their family members, and associates who accumulated substantial profits from the scheme. These parties are accused of fraudulent transfers under bankruptcy law, having benefited disproportionately while the majority of participants suffered net losses.

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