Source: Npros.com 4/17/2014
TelexFree Headquarters Raided by Feds
Massachusetts Secretary of State William F. Galvin's office said that TelexFree targeted mainly Brazilian immigrant communities, offering annual returns of up to 250 percent. TelexFree was shut down in Brazil last year for fraud, and has been under investigation in countries around the world since last summer.
TelexFree has denied the allegations of fraud in press releases. The company's US website was taken down on Tuesday.
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