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SEC Files Charges Against TelexFree, Alleging It is a Pyramid Scheme

April 17, 2014
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The Securities and Exchange Commission has filed charges against TelexFree alleging that it is a Ponzi and pyramid scheme. TelexFree sold telecommunications and advertising services via a network marketing plan. Critics have long contended something illegal was amiss with the business, and the government has finally stepped up.

It’s heartening to see governmental agencies are stepping up to the plate to stop these shady businesses from taking advantage of consumers around the US and world. You can take action by filing a complaint to the Federal Trade Commission.

5 Comments leave one →
  1. April 21, 2014 8:54 am

    I greatly enjoy what you are doing AMTHRAX and your steadfast faith that eventually your hard work will be rewarded is inspiring!! In my own small way I take many of these posts and alert all my facebook friends about them (so 620+ people become aware). BECAUSE they are aware, some of them ask me questions and if/when they ask about LIFE/TEAM or whatever they call themselves these days, I point them directly to you. AGAIN…. SUPER WORK – whoever you really are.

  2. Vogel permalink
    April 21, 2014 1:41 pm

    I couldn’t agree more Mike. Amthrax’s efforts are nothing short of heroic. He has done the world a great service by making this forum available for all to share information.

  3. Melanie Morgan permalink
    April 21, 2014 6:08 pm

    And all the people say Amen!

    I too could not agree more with you both! I could never say thank you enough or show my gratitude enough for what Amthrax has done!

    Thank You again, Amthrax for your bravery, efforts, time, and especially, your heart & genuine caring!!!

    And Thank You to ALL!

  4. freedomhaha permalink
    April 22, 2014 6:36 am

    Melanie- Amthrax saved my life. Who knows what I would be doing now?? Not something as great as I am that is for sure!! Can’t thank you enough.

Trackbacks

  1. SEC Describes TelexFree as Having a “Disturbingly Cult-Like Quality” | AMTHRAX

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