Hot Business News Today

Hot Business News Today

TelexFree Inches Closer To Chapter 7

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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

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Hot Business News Today

Randy And Charlene Parker Are Legal Shields’ Newest Millionaire Club Members

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Randy and Charlene are Directors and have achieved as high as Platinum Executive Director. The Parker’s are consistent Performance Club qualifiers and are recipients of the 5,000 Sales level of the Production Achievement Award. Randy and Charlene are also recipients of the $100K Ring.
Mike, Steve and Kim Melia of Encinitas, CA are Randy and Charlene’s upline Platinum Executive Directors.
LegalShield is an American corporation that sells legal service products through network marketing in the United States and Canada. The company was originally founded August 8, 1972 as the Sportsman’s Motor Club.
In 1976 it was incorporated as Pre-Paid Legal Services, Inc., and made its initial public offering in 1984. Pre-Paid Legal Services, Inc. was acquired by MidOcean Partners in 2011 and changed its name to LegalShield.
LegalShield develops and markets pre-paid legal service plans through a network of more than 50 independent provider law firms across the U.S. and Canada. The Company also markets an identity theft monitoring and restoration services through its partnership with Kroll Inc. 
The company’s service plans are sold through network marketing. Products are also sold as an employee benefit through payroll deduction. The company has legal service plans for small businesses as well advertised with NFL Hall of Fame player Fran Tarkenton as spokesman.

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