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TelexFree, Brazilians and Bankruptcy

Many of our Brazilian clients have been stung by the actions of TelexFree, an “investment” firm that looks more like a Ponzi scheme. Shut down in Brazil last year, TelexFree has somehow been allowed to collect significant dollars in the United States, much of them from innocent Brazilians in Massachusetts who are simply trying to get ahead in a tough economy. Many may have to file for bankruptcy as they are out tens of thousands of dollars; monies they were counting on to pay their bills. Read more