Patrick Pretty Reports: TelexFree Says It Seeks Bankruptcy

With pyramid-scheme probes under way in multiple Brazilian states and affiliates also filing actions against the company, TelexFree says it is seeking bankruptcy protection in Brazil. Early details are sketchy. Here’s TelexFree executive Carlos Costa making the announcement while waving the flags of Portugal and Medeira and referencing God: TelexFree operates in Brazil through Ympactus […]

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