TelexFree
Fraud / TelecommunicationsUSAClosed 2014
Total Raised
Undisclosed
Peak Valuation
Undisclosed
Employees
—
Year Collapsed
2014
Business model
Marketed as a VoIP internet phone service with a multi-level marketing recruitment structure, promising returns for recruiting new members rather than for any real product sales.
In brief
Disguised one of the largest Ponzi schemes in history as a legitimate internet telephone company, promising members returns from a multi-level recruitment structure while claiming to sell VoIP services that had minimal real revenue behind them. US and Brazilian regulators identif…
See the What Happened tab for the full account.
Key facts
- Founded
- 2012
- Closed
- 2014
- Headquarters
- Marlborough, USA
- Industry
- Fraud / Telecommunications
- Employees
- —
- Revenue
- Undisclosed