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Dec 2, 2018 · Carlos Wanzeler, one of the founders of the $20 million dollar money-laundering pyramid scheme TelexFree, left the U.S. in 2014 and is still a fugitive. He hid millions of dollars in the Boston area, which were later seized by HSI and U.S. Attorney's office.
Jun 21, 2024 · Despite efforts from the US, Brazil is doing its best to ensure TelexFree co-founder Carlos Wanzeler escapes punishment. Although he worked with accomplices, Carlos Costa in Brazil and James Merrill in the US, Wanzeler is the mastermind behind TelexFree.
- Status of The Case
- Bankruptcy Proceedings
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Restitution Order
The District Court has approved the governments request providing administration and payment of restitution to victims by the Trustee in the related Chapter 11 cases. A copy of the order can be located in the attachments. Victims should contact the Bankruptcy Trustee, https://www.kccllc.net/TelexFreeLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link.to...
Outcome of sentence
On March 22, 2017 the defendant, James Merrill received a sentence of six years of incarceration followed by three years of supervised release.
Defendant Carlos Wanzeler
The defendant Carlos Wanzeler fled to the country of Brazil upon learning of the federal charges filed against him. There is currently a federal warrant for his arrest.
The Status of the Bankruptcy Cases
UPDATE: Bankruptcy case Petition#: 14-40987: https://www.kccllc.net/TelexFreeLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. Conditionally and allowed claims as of March 2019 - https://www.kccllc.net/telexfree/document/1440987190507000000000001Links to other government and non-government sites will typically appear with the “external link” icon to...
Claims Process – How Participants Will Be Reimbursed For Their Losses
The Trustee has filed two class action complaints to recover amounts paid to Net Winners, that is, those Participants who received more money from the TelexFree scheme than they invested. Any monies recovered from Net Winners will be available to distribute to creditors who are owed money from TelexFree. Payment of claims that are filed and allowed will depend upon the availability of funds. For additional information as to the status of the bankruptcy cases or to review any documents filed i...
Carlos Wanzeler is one of the defendants charged with money laundering and wire fraud in the TelexFree scheme, which defrauded thousands of investors. He fled to Brazil and has a federal warrant for his arrest. The case is still ongoing and victims can check the status of restitution and bankruptcy proceedings.
Oct 19, 2017 · Carlos Wanzeler, one of the founders of the TelexFree pyramid scheme, left millions of dollars hidden in the U.S. and fled to Brazil in 2014. A Brazilian national pleaded guilty to conspiring to launder $20 million for Wanzeler in 2017.
Immediately after blocking operations, Telexfree tried to divert US$88 million to other parent companies in Brazil, one of them named Worldxchange Intermediação de Negócios Ltda, belongs to Telexfree founder and director Carlos Nataniel Wanzeler.
Feb 8, 2018 · Carlos Wanzeler, one of the founders of the TelexFree pyramid scheme, left millions of dollars hidden in the greater Boston area and fled to Brazil in 2014. A Brazilian national, Cleber Rene Rizerio Rocha, was sentenced for conspiring to launder $20 million in proceeds from the fraud.
Jan 5, 2017 · The arrest stemmed from an investigation into TelexFree, a Marlborough, Massachusetts-based company that sold voice-over-internet telephone service and was founded by James Merrill, a U.S....
