In 35 years of handling bankruptcy cases, Stephen Darr has seen plenty of ugly. He has doled out funds to creditors of an asbestos company and a machine gun maker and to victims of several Ponzi schemes.
But nothing comes close to the scale of the TelexFree Inc. bankruptcy. Never in history has a trustee been responsible for divvying up the assets of a company that prosecutors say defrauded 2.1 million people, from Boston to Uganda.
Darr, an accountant by trade and senior managing director at Mesirow Financial Consulting in Boston, is the court-appointed trustee charged with paying out claims to victims who believe they are owed more than $1 billion in the case. TelexFree was purportedly a long-distance phone company, but in reality generated most of its money by luring a stream of small investors from 2012 until it was shut down earlier this year, according to prosecutors.
Many Brazilian immigrants risked — and lost — large portions of their savings, in hopes of reaping the generous returns that were promised.
“I feel very sympathetic toward these people,’’ Darr said. “They lost a lot of money. They deserve to get it back, and it’s my job to get it back to them as
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Swiss Based Preiscoin Opens Italy And France
by Ted Nuyten • • 0 Comments
Swiss based Preiscoin expands into the French and Italian markets with it’s system available in these langauges starting today.
The world is changing rapidly. Business communication is measured by clicks and likes, not by number of hotel meetings any longer.
“The true global opportunity has to provide a way for an average person of our times to promote it from home with simple tools.
Preiscoin provides that with the complete sales funnels, squeeze pages, follow-up emails and international in–house marketing team ready to support the partners. I can’t wish more” – says Piotr Labuz, Preiscon’s top leader from Poland.
His team includes partners from US, Canada, Australia and several other countries while he doesn’t even speak English. Preiscoin has been designed and is run by experienced internet marketers who decided to give to it’s users all they have been using for years to create at least 6-figures income online.
Preiscoin Group AG is based out of Switzerland that offers the Preiscoin (PRS), an alternative digital currency based on the Bitcoin protocol.
Preiscoin uses a Forced Matrix compensation structure for affiliates to build up their customer base.
The Forced Matrix Plan is a compensation structure with a set width and depth on which distributors are compensated.
Preiscoin offers 4% residual commissions on every sale down
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4 Business 'Intelligences' to Help You Make Tough Decisions
by Successful IBO • • 0 Comments
For your company to achieve success, you first need to understand the different components of your business and how they all fit together.
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Three Ways to Boost Your Productivity With Everyday Technology
by wahanelson • • 0 Comments
By Mridu Parikh Overwhelmed by the onslaught of apps that promise to make your life more productive? You’ll learn to organize your emails, take control of your finances, streamline your grocery shopping and never miss a to-do again. But getting yourself to use the apps as intended is where you fall short. They’ll make good […]
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Oregon certifies recount results: GMO labels lost
by Successful IBO • • 0 Comments
Oregon’s secretary of state has certified recount results that show the defeat of a ballot measure to require labels on genetically modified foods.
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Keystone pipeline to top Senate agenda next year
by Successful IBO • • 0 Comments
Senate Republican Leader Mitch McConnell says approving the Keystone XL pipeline will top the Senate agenda in January.
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Metro-North gets record fine in retaliation case
by Successful IBO • • 0 Comments
The Metro-North-Railroad has been ordered to pay a record fine of more than $250,000 to an employee who faced disciplinary action after he reported getting injured on the job, the U.S. Labor Department said Tuesday.
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American Apparel names new CEO
by Successful IBO • • 0 Comments
American Apparel has named fashion veteran Paula Schneider to be its next CEO, replacing founder Dov Charney, who was ousted in June.
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Inslee wants carbon tax to fund transportation
by Successful IBO • • 0 Comments
Overlooking the State Route 520 floating bridge project, Washington Gov. Jay Inslee on Tuesday unveiled a proposal he said would address the state’s most pressing transportation needs — fixing bridges and roads and boosting the ferry system while cleaning the air and water.
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Thirty-One to Offer Artisan Jewelry Following Jewel Kade Acquisition
by mbeeman@directsellingnews.com • • 0 Comments
Thirty-One Gifts is ringing in the new year with a new addition to its family of brands. The Columbus, Ohio-based company has announced the acquisition of Utah-based direct seller Jewel Kade, an artisan jewelry brand founded in 2009. Beginning in spring 2015, Thirty-One will offer JK by Thirty-One jewelry in addition to its handbags, totes and home organization products.