Introduced some weeks ago yet just made pubic recently, Brazilian media are stating that regulatory authorities in the Dominican Republic have released an examination in to TelexFree.
Complying with suspicions by the Technology Crimes Division of the Attorney General that TelexFree is running a Ponzi scheme, TelexFree’s neighborhood tasks have been checked out for ‘regarding a month’.
John Henry Ramirez Reynoso, dealing with the Dominican Republic examination informed iG,.
(TelexFree being a Ponzi system) was the problem (we had when they) became right here.
We are (presently) doing our study: (where does TelexFree) come from? Just what do they produce? Exactly what do (they) market?
The exact variety of Dominican Republic affiliates presently in TelexFree isn’t really presently known, nevertheless monetary expert and handling companion of Betametrix, Alejandro Fernandez fixes it at “tens of many thousands”.
Fernandez was supposedly endangered by a local TelexFree affiliate for publicly calling TelexFree out on being a Ponzi system earlier this year.
Alexa presently ranks website visitors from the Dominican Republic to TelexFree’s web site as ninth overall, with TelexFree’s website rank as the 81st most seen website country wide.
The US and Brazil incorporated compose a determined 34. % of visitors to TelexFree’s internet site.
Even with being restricted by court order from sponsoring brand-new associate capitalists or paying out alreadying existing ones, TelexFree recently held a trip ship spectacular in Brazil.
Rumour has it that TelexFree owner Carlos Costa, which talked at the event, amused the groups by walking on water …
The business additionally recently launched their brand-new logo design, after it was exposed that their previous one was duped from a 2010 Badminton Championship.
The brand-new logo design hasn’t already gone survive TelexFree’s website yet, however is viewable on their Facebook page:.
TelexFree appear keen to distance themselves from the current regulatory legal mess they’re experiencing in Brazil, now referring to themselves as “TelexFree International”.
As confirmed by the MS Paint top quality annotations I frequently display on BehindMLM, I’m no graphical artist, but it plannings to me like all they did was chop the previous logo asunder, transform the colour and stick it in a circle.