Trying to do business with clients of TelexFree
They offer assistance in procedures
Mariela Mejía
SD. The Dominican authorities estimated last year that more than 150,000 persons in this country were cheated by the Telex Free pyramid scheme. The endless wait for the return of the money is used as a way to do business with eventual earnings.
A firm called AF Consultores (Consulting) promotes itself on Facebook as a team of professionals that help those affected by the pyramid scheme carry out their claims process to the government of the United States. They have offices in Santo Domingo, La Romana, San Pedro de Macoris and in Higüey.
In spite of the fact that the company stresses that the claims process is free, it does make clear that in case the client contracts their service they will collect 10% of the amount recovered.
Diario Libre contacted Miguel A. Llenas, the person indicated as the contact and Director of AF Consultores. He made it clear that for a year he has been providing the service and that he works with four lawyers. He identified himself as an economist who was cheated by TelexFree. First he opened two accounts and obtained a profit. This motivated him to invest some US$15,000 in 11 more accounts, but he was only able to recover the money of three of these which he paid for with a credit card.
This was not his first scam. He was the victim of another one called Zeek Rewards which he assured the reporters that he recovered his investment.
"There is a government form (in English) that has to be filled out and sent to the court in order for you to register the debts that TelexFree has with you, then from the money they have seized they liquidate this debt," explains Llenas regarding the process that his service is offering.
He indicated that last year the first repayment was made to persons that paid their accounts with Visa or MasterCard credit cards, and of this group he helped the young woman from Higüey who invested US$15,800, earning the firm 10%.
Financial advisor Alejandro Fernandez, who has been following the case of TelexFree, councils those who are interested in assistance with the claim process, to look into the previous experience of the person offering this service regarding the handling of legal processes or bureaucracy in the United States, and whether he has some type of advice or legal assistance supporting him.
"If the person is capable of filling out a form by himself (if he understands it and the language) it might not be necessary to pay a 10% fee for the processes. In any case, there is no reason to have many expectations that they will be able to get a return of an important percentage of your "initial investments," he states.
Brazilian executive arrested
Last Monday, the foreign press reported the arrest of Sanderley Rodriguez Vasconcelos, who was under investigation for the TelexFree case. He was arrested in Boston at the request of the Brazilian authorities.
The company, which declared bankruptcy in April 2014, had their principal offices in Marlborough, Massachusetts, and defrauded thousands of Brazilians and Hispanics in the United States, Brazil, the Dominican Republic and other countries of Latin America. Rodriguez and other executives are being investigated for fraud and conspiracy against more than 700,000 investors who lost more than US $1.0 billion.
A firm called AF Consultores (Consulting) promotes itself on Facebook as a team of professionals that help those affected by the pyramid scheme carry out their claims process to the government of the United States. They have offices in Santo Domingo, La Romana, San Pedro de Macoris and in Higüey.
In spite of the fact that the company stresses that the claims process is free, it does make clear that in case the client contracts their service they will collect 10% of the amount recovered.
Diario Libre contacted Miguel A. Llenas, the person indicated as the contact and Director of AF Consultores. He made it clear that for a year he has been providing the service and that he works with four lawyers. He identified himself as an economist who was cheated by TelexFree. First he opened two accounts and obtained a profit. This motivated him to invest some US$15,000 in 11 more accounts, but he was only able to recover the money of three of these which he paid for with a credit card.
This was not his first scam. He was the victim of another one called Zeek Rewards which he assured the reporters that he recovered his investment.
"There is a government form (in English) that has to be filled out and sent to the court in order for you to register the debts that TelexFree has with you, then from the money they have seized they liquidate this debt," explains Llenas regarding the process that his service is offering.
He indicated that last year the first repayment was made to persons that paid their accounts with Visa or MasterCard credit cards, and of this group he helped the young woman from Higüey who invested US$15,800, earning the firm 10%.
Financial advisor Alejandro Fernandez, who has been following the case of TelexFree, councils those who are interested in assistance with the claim process, to look into the previous experience of the person offering this service regarding the handling of legal processes or bureaucracy in the United States, and whether he has some type of advice or legal assistance supporting him.
"If the person is capable of filling out a form by himself (if he understands it and the language) it might not be necessary to pay a 10% fee for the processes. In any case, there is no reason to have many expectations that they will be able to get a return of an important percentage of your "initial investments," he states.
Brazilian executive arrested
Last Monday, the foreign press reported the arrest of Sanderley Rodriguez Vasconcelos, who was under investigation for the TelexFree case. He was arrested in Boston at the request of the Brazilian authorities.
The company, which declared bankruptcy in April 2014, had their principal offices in Marlborough, Massachusetts, and defrauded thousands of Brazilians and Hispanics in the United States, Brazil, the Dominican Republic and other countries of Latin America. Rodriguez and other executives are being investigated for fraud and conspiracy against more than 700,000 investors who lost more than US $1.0 billion.
Mariela Mejía
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