Carlos Costa
Associated companies: TelexFree, Ympactus
75Scam score
$0.9MDocumented losses
335Reported victims
Profile
Carlos Costa was an owner and founder of TelexFree/Ympactus, a company that operated what authorities determined to be a pyramid scheme. The company was fined nearly $1 million by Brazilian state regulators and ordered to pay back investors.
Timeline
- 2012Founded TelexFree/Ympactus
- 2013Acre state fines TelexFree $921,531 for fraudulent operations
- 2013Company ordered to pay back investors by Brazilian regulators
Frequently Asked Questions
- Who is Carlos Costa?
- Carlos Costa was an owner and founder of TelexFree/Ympactus, a company that operated what authorities determined to be a pyramid scheme. The company was fined nearly $1 million by Brazilian state regulators and ordered to pay back investors.
- What is Carlos Costa's fraud risk rating?
- Carlos Costa has a scam score of 75/100 (critical risk) based on open-source intelligence, regulatory records, and investigative reporting aggregated by ScamTelegraph.
- What companies is Carlos Costa associated with?
- Carlos Costa is associated with the following companies or entities: TelexFree, Ympactus.
- How many investigations mention Carlos Costa?
- ScamTelegraph has published 50 investigative articles mentioning Carlos Costa, including: Brazilian court orders TelexFree (Ympactus) into bankruptcy; 5 new money laundering charges against 15 TelexFree individuals; Acre fines TelexFree $921,531, orders company pay back investors.
Coverage on ScamTelegraph
- Brazilian court orders TelexFree (Ympactus) into bankruptcy
- 5 new money laundering charges against 15 TelexFree individuals
- Acre fines TelexFree $921,531, orders company pay back investors
- Dominican Republic investigating Telexfree
- TelexFree officially support starvation protest
- TelexFree’s 12th appeal denied in Superior Court
- TelexFree gives up in court, lawyer won’t comment
- TelexFree civil action case filed in Brazil
- TelexFree vows recovery in Bankruptcy Protection
- TelexFree mediation fails, sky also still blue..
- Judge rejects TelexFree’s mediation proposals
- TelexFree fined for acting in “bad faith”
- Telexfree still pushing for Ponzi restart
- TelexFree case in Brazil “resolved by mid 2014”
- TelexFree lose 2nd bankruptcy case, Costa rages
- Espirito Santo’s IRS fines TelexFree R$70 million
- TelexFree flooded with fake VOIP customers?
- Dept of Homeland Security raid TelexFree office
- SEC file “illegal pyramid scheme” case against TelexFree
- Carlos Wanzeler “will definitely stay in Brazil”
- TelexFree owner shares “investment strategy”
- Carlos Costa: “God used me” to create TelexFree
- TelexFree making selective payments in Brazil?
- SEC destroy TelexFree VOIP argument, expose lies
- TelexFree to offer Speak Asia “exit payments”?
- TelexFree communications registrations in jeopardy?
- TelexFree Trustee inches closer to Chapter 7 liquidation
- Massachusetts charge TelexFree as “billion dollar Ponzi”
- Reactions to new TelexFree compensation plan
- Labriola: TelexFree bankruptcy “the most awesome thing”
- TelexFree claim no affiliate data, fined again
- Liberty Reserve shut down for “money laundering”
- TelexFree lose injunction appeal, caught out lying
- TelexFree mislead affiliates on Brazil injunction
- CFTC moves to dismiss Fundsz after admin settlements
- Fundsz home surrendered with missing floorboards, feces & maggots
- How Brazil cocked up Carlos Wanzeler’s TelexFree prison sentence
- TelexFree class-action enters fifth amended complaint phase
- TelexFree’s Wanzeler & Costa cop 12 yrs prison in Brazil
- Mark Scott fighting disbarment over OneCoin fraud
- Pipz Review: TelexFree’s Carlos Costa fronts ecom platform
- Carlos Wanzeler & Carlos Costa arrested in Brazil
- TelexFree funds used to purchase Florida apartments
- TelexFree mattress money mule to change money laundering plea
- Carlos Wanzeler’s nephew indicted in TelexFree mattress mule case
- Brazil indicts twenty-two TelexFree scammers
- Carlos Costa facing jail time for $1.3 million dollars in tax fraud
- James Merrill to plead guilty for TelexFree Ponzi fraud on Monday
- TelexBit Review: TelexFree Ponzi rebooted with bitcoin
- Wanzeler stands trial in TelexFree VOIP criminal case (Brazil)