“TelexFree is already creating MILLIONAIRES and now is YOUR turn.” So read the now defunct website of TelexFree Inc., which U.S. officials ordered to be taken down earlier this month. Massachusetts company TelexFree Inc. held itself out as a low-cost internet telephone company. In reality, its founders were allegedly running a billion dollar global
Ponzi scheme
Allen Stanford: Persistent Due Diligence Could Have Made a Difference
By Maria Matasar-Padilla on
The Allen Stanford alleged Ponzi scheme case is currently before the courts after years of delays. We are finally getting to hear from witnesses and co-conspirators about what they say were the lengths undertaken to defraud Stanford’s investors. Given the magnitude of the alleged $7 billion fraud, it would be no surprise if Stanford had…