Cases / Investment funds & advisory
TelexFree Inc, Common Cents Communications Inc
James Merrill, Carlos N. Wanzeler, Sanderley R. De Vasconcelos (aka Sann Rodrigues)
This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.
- Company / entity
- TelexFree Inc, Common Cents Communications Inc
- Industry
- Internet phone (VoIP) service / ad-posting MLM (pyramid scheme)
- How investors were recruited
- Word of mouth in Brazilian immigrant communities around Boston, churches and home visits; spread to Europe, Australia, South Africa
- Pitch & red flags
- annual returns "as high as 250 percent"; $1,375 would yield "$3,675" via weekly $100 payments; "$100 payment" per recruit
Pitch phrases from this case
Source
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