BehindMLM: TelexFree’s 2013 P&L doesn’t add up?

 

TelexFree’s 2013 profit-loss doesn’t add up

Apr.10, 2014 in TelexFree Leave a Comment

telexfree-logoA profit & loss statement recently filed in the US state of Alabama provides some insight into the financials of TelexFree.

Marked as an exhibit of an “application for interexchange authority”, the statement reveals that for the year 2013, TelexFree took in $689 million USD from their affiliates.

Affiliate commissions and other expenses ran up a liability of $652 million, leaving TelexFree with a “net income” of $36 million.

On paper that sounds great… until you consider TelexFree’s business model.

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