Scott Stanley, Esq. is a Staff Attorney at the Boston office of the SEC and has done some exemplary work in this case. His 4th Declaration states the following:
Mr. Huntington is a Senior Trial Counsel in the Boston regional Office of the SEC and mentions in his declaration a YouTube video posted by Defendant Faith Sloan, wherein she made the following statement:
“You post your ads. Take you a minute and a half. Three minutes. Five minutes max.”
“Place your ads, and you go about your day. You do that for seven days a week, you get paid every single week… You don’t have to build. You don’t have to sell.”
As most of you know, for some odd reason, all of the videos made or posted by Faith Sloan touting the wonders of TelexFree have been removed. But, I wonder if she knows that there are always copies cached somewhere, or the Feds already made their own copies. Nothing really every goes away once it is posted on the interwebs.
In addition to this video, Mr. Huntington also located three (3) TelexFree related websites associated to Faith Sloan. These domains were named:
Excerpts from these websites are included in the Exhibits filed with the document. Here’s a link to it: Doc 60-3
Here is a tidbit from the docket, I have uploaded these documents onto the Files website for your perusal.
|Securities and Exchange Commission v. Telexfree, Inc. et al
Assigned to: Judge Nathaniel M. Gorton
Cause: 15:78m(a) Securities Exchange Act
|Date Filed: 04/15/2014
Jury Demand: Plaintiff
Nature of Suit: 850 Securities/Commodities
Jurisdiction: U.S. Government Plaintiff
|04/30/2014||60||MOTION for Preliminary Injunction , Order Freezing Assets and Order for Other Relief as to Defendants Telexfree Inc,Telexfree, LLC, Merrill, Wanzeler, Labriola, Craft, Rodriques and Sloan and the Relief Defendants by Securities and Exchange Commission. (Attachments: # 1 Text of Proposed Order, # 2 Declaration of Janet Conforti In Support, # 3 Second Declaration of Frank Huntington In Support, # 4 Fourth Declaration of Scott Stanley in Support)(Huntington, Franklin) (Entered: 04/30/2014)|
|04/30/2014||61||MEMORANDUM in Support re 60 MOTION for Preliminary Injunction , Order Freezing Assets and Order for Other Relief as to Defendants Telexfree Inc,Telexfree, LLC, Merrill, Wanzeler, Labriola, Craft, Rodriques and Sloan and the Relief Defendants filed by Securities and Exchange Commission. (Huntington, Franklin) (Entered: 04/30/2014)|
|04/30/2014||62||Judge Nathaniel M. Gorton: ENDORSED ORDER entered granting 58 Motion for Preliminary Injunction as to Defendants De La Rosa and Crosby (Patch, Christine) (Entered: 04/30/2014)|
|04/30/2014||63||Judge Nathaniel M. Gorton: ORDER entered. PRELIMINARY INJUNCTION Order, Order Freezing Assets and Order as to other Equitable Relief as to Defendant Santiago De La Rosa.(Patch, Christine) (Entered: 04/30/2014)|
|04/30/2014||64||Judge Nathaniel M. Gorton: ORDER entered. PRELIMINARY INJUNCTION Order, Order Freezing Assets and Order as to Other Equitable Relief as to Defendant Randy Crosby.(Patch, Christine) (Entered: 04/30/2014)|
Global Unity is probably the most direct successor of the WCM777 Ponzi scheme. When the regulatory heat got too much for founder Phil Ming Xu, he put out a message saying he’d sold the business to some new owners, and that he hoped they could turn it legit.
Global Unity was far from legit though, with the owners instead opting to try to reload WCM777′s business model. Global Unity affiliates even professed the company to be safe from the SEC, largely due to the fact that it was based offshore in Hong Kong:
The team now manages the company from Hong Kong is doing so with much more professionalism than the previous team.
Total trust in the new policy according to which there has been. -Global Unity will not close, will continue its activity and will continue to pay according to the payment Plan.
SEC is only for USA. As already known the company not operating currently in USA. The rest of the world continues its activity.
That late March and after the announcement things went quiet. A week or so into April and Global Unity’s website went down, showing an “under construction” message.
Now, it seems the owners are trying to flog the same business under yet another name. [Continue reading…]