TelexFree Compensation Program

March 2016: Claims against Citizens Bank were dismissed When a complaint is dismissed without prejudice, an amended version of the complaint can be refiled. because plaintiffs inadvertently named Citizens Bank as a defendant.

September 2015: A class-action lawsuit was filed against several defendants alleging, among other things, that TelexFree operated a pyramid scheme and deceptively represented that it paid members for placing advertisements for a voice over internet protocol (VoIP) product when, in reality, members were paid to recruit other members. To learn more about the allegations, click here to read the full complaint. (Dos Santos et al v. TelexElectric, LLLP et al, Case No. 15-cv-13614, D. MA.)

For more information about other class-action lawsuits regarding pyramid schemes and TINA.org’s coverage of the issue, click here.