Monthly Archives: January 2016

TelexFree – Sann Rodriques in Jail

 
One of the top promoters in TelexFree Inc.’s alleged $3 billion pyramid scheme is being held in a Florida jail on a contempt charge, after failing to return assets including cars and cash that securities regulators had frozen.
Sanderley Rodrigues de Vasconcelos, known more widely as Sann Rodrigues, was arrested in May on visa fraud charges and has been home under electronic surveillance awaiting trial. But he was arrested Thursday and is now in custody in Tampa, according to federal officials.
A judge in the Securities and Exchange Commission’s civil case against Rodrigues in December held him in contempt for violating the terms of his release on bail.
He had been given a deadline of Jan. 15 to return $233,473 transferred out of his bank accounts, as well as proceeds from the sale of a

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Ruby Ribbon Adds Veteran Joey Carter To Advisory Team

 
Longtime direct sales executive Joey Carter is joining Ruby Ribbon’s advisory team, after participating in the shapewear company’s recent Series C funding round.
Carter is General Partner at Direct Selling Capital, the Dallas-based firm that co-led Ruby Ribbon’s $7.5 million round alongside San Francisco’s DBL Partners. Silicon Valley venture firms Trinity and Mohr Davidow also participated in the round.
Before founding Direct Selling Capital, Carter was Chairman and CEO of Home Interiors & Gifts Inc., a direct selling company founded in 1957 by his grandmother, Mary Crowley. During his tenure the business reached annual sales in excess of $600 million.
Carter also has served as Chairman of the Direct Selling Association and held a seat on the Direct Selling Education Foundation’s board. He currently is an advisor and consultant to Ambit Energy LLP.
“We are

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