Yesterday saw a hearing for TelexFree Trustee Stephen Darr’s request for permission to subpoena several companies associated with TelexFree. Darr had also requested permission to conduct depositions with individuals from said companies, with the court granting him permission to proceed.
Five such motions were filed by Darr, with three of them granted as proposed. Alvares and Marsal (financial consultants to TelexFree) objected only to having to share emails between the firm and its legal counsel.
Darr agreed to this on condition that he reserves the right to request the emails, if needed, at a later date. A & M consented on condition they retain the right to appeal any such requests.
At the time of publication, no order has been made public regarding Darr’s request to subpoena TelexFree’s law firm Greenberg Traurig, however news reports suggest permission was granted on all five subpoena requests.
Speaking to the Worcester Telegram about why he had to file the requests, Darr remarked
There are no employees left. There’s no insurance. There never was insurance.
I have no money to start up the business. I just don’t know if there ever was a business. I’m hampered by a lack of records.
Following a raid on TelexFree’s headquarters, HSI and FBI agents seized a host of TelexFree’s onsite