Searching over 5,500,000 cases.


searching
Buy This Entire Record For $7.95

Download the entire decision to receive the complete text, official citation,
docket number, dissents and concurrences, and footnotes for this case.

Learn more about what you receive with purchase of this case.

Securities and Exchange Commission v. Telexfree, Inc.

United States District Court, D. Massachusetts

October 8, 2014

SECURITIES AND EXCHANGE COMMISSION, Plaintiff,
v.
TELEXFREE, INC., TELEXFREE, LLC, JAMES M. MERRILL, CARLOS N. WANZELER, STEVEN M. LABRIOLA, JOSEPH H. CRAFT, SANDERLEY RODRIGUES DE VASCONCELOS, SANTIAGO DE LA ROSA, RANDY N. CROSBY and FAITH R. SLOAN, Defendants

For Securities and Exchange Commission, Plaintiff: Deena R. Bernstein, LEAD ATTORNEY, Scott R. Stanley, U.S. Securities & Exchange Commission, Boston, MA; Franklin C. Huntington, IV, James M. Fay, LEAD ATTORNEYS, Securities and Exchange Commission, Boston, MA; Kevin M. Kelcourse, LEAD ATTORNEY, Securities and Exchange Commission - MA, Boston, MA.

For Cory Flashner, Plaintiff: Cory S. Flashner, United States Attorney's Office, Worcester, MA.

Telexfree, Inc., Defendant, Pro se.

Telexfree, LLC, Defendant, Pro se.

For James M. Merrill, Defendant: Robert M. Goldstein, Boston, MA.

For Carlos N. Wanzeler, Defendant: John J. Commisso, Paul V. Kelly, Jackson Lewis PC, Boston, MA.

For Steven M. Labriola, Defendant: Denis M. King, LEAD ATTORNEY, Goulston & Storrs, PC, Boston, MA.

For Joseph H. Craft, Defendant: Edward T. Dangel, III, Dangel, Donlan and Fine, Boston, MA.

For Sanderley Rodrigues De Vasconcelos, Defendant: Erica Petkov, LEAD ATTORNEY, Perez Gardini, LLC, Boston, MA; Ludovino P. Gardini, LEAD ATTORNEY, Perez Gardini LLC - Attorneys, Boston, MA.

For Santiago De La Rosa, Defendant: Allison M. O'Neil, Scott R. Magee, Stephen G. Huggard, Edwards Wildman Palmer LLP - MA, Boston, MA.

For Randy N. Crosby, Defendant: Allison D. Burroughs, Benjamin L. Mack, LEAD ATTORNEYS, Jonathan R. Allen, Nutter, McClennen & Fish, LLP, Boston, MA.

For Faith R. Sloan, Defendant: C. Peter R. Gossels, Weston, Patrick, Willard & Redding, Boston, MA.

Telefree Financial, Inc., Relief Defendant, Defendant, Pro se.

For Stephen B. Darr as Trustee of the Chapter 11 Estates of TelexFree, Inc. and TelexFree, LLC, Interested Party: Charles R. Bennett, Jr., LEAD ATTORNEY, Michael K. O'Neil, Murphy & King, PC, Boston, MA.

For United States of America, Intervenor: Andrew E. Lelling, LEAD ATTORNEY, United States Attorney's Office MA, Boston, MA.

Page 350

MEMORANDUM & ORDER

Nathaniel M. Gorton, United States District Judge.

This is a civil enforcement action brought by the Securities and Exchange Commission (" SEC" ) against TelexFree, Inc. and TelexFree, LLC (collectively, " TelexFree" ) and eight individual defendants (who, together with TelexFree, are collectively, " defendants" ) for allegedly operating and promoting an illegal pyramid and Ponzi scheme. Pending before the Court is the motion of the Department of Justice (" the ...


Buy This Entire Record For $7.95

Download the entire decision to receive the complete text, official citation,
docket number, dissents and concurrences, and footnotes for this case.

Learn more about what you receive with purchase of this case.