Dear Telexfree LLC Clients:
This e-mail will serve as your first acknowledgement of your representation in the Telexfree LLC Bankruptcy and Adversary Actions. If you are receiving this e-mail your claim has been received by our office, processed and assigned by our office a Claim Number. Most of your claims have been filed with the Claims Administrator for the US Bankruptcy Court District of Massachusetts.
Please when contacting this office in the future use this e-mail address and if you know your claim number refer to it in your correspondence. We will be periodically updating you on the case as appropriate.
The current status of the case is as follows: A Bankruptcy Case was filed in the US Bankruptcy Court District of Nevada. That case has been transferred back to Massachusetts. The US Bankruptcy Court District of Massachusetts appointed a “Trustee” to investigate and collect back funds to be paid to those parties with losses. This investigation is ongoing.
There were three adversary actions filed against the banks, pay companies, lawyers and accountants for their participation in TelexFree LLC. These actions are on hold until the Trustee completes his investigation.
The US Securities and Exchange Commission has filed criminal complaints against the principals. The served a search warrant and seized the computers and assets of the company. Included in the assets was somewhere around $28,000,000.00 in checks. Additional monies are also being frozen.
At this time all further activity is on hold until the Trustee completes his investigation.
Again thank you for your business and we will update you again soon.
Walter
Law Offices of Walter W. Jabs
91 Main Street, Suite 205
Marlborough, MA 01752
Ph. 508-229-0909 Fax 508-485-8037
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