Logo of the United States Federal Communications Commission, used on their website and some publications since the early 2000s. (Photo credit: Wikipedia) |
For timeline, TelexFree Brazil was shut down in June 2013 by court injunction, and has been in a limbo since. Its lawyers launched appeal after appeal to no avail, while telling affiliates that they should register with TelexFree US and get paid by TelexFree US.
It is also interesting to note the timeframe... late July is when Gerald "I see no Ponzi" Nehra said TelexFree is legal in the US, at a TelexFree event in Newport Beach, California. Presumably, that's when they started applying for the FCC license, not that there's any proof that TelexFree actually OWNS any "telecom facilities", as specified in the FCC license it had obtained. They went through "streamlined" FCC approval process where the public was given a few weeks to comment, and voila: "authority granted".
Can you BUY any TelexFree service and use it? Good question. I haven't found ANYONE that claimed to done so that is believable.
What's surprising the the other name that appeared on TelexFree's FCC license... Joe "I love then hate FHTM" Isaacs.
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What's interesting is Joe Isaacs apparently opened a consulting business called ISG Telecom Consultants in Florida, the same address he had previously used by Fortune Social and such, where he helps anybody with enough money to become a telecom company. You just need to know what papers to file with whom, basically, which is what a consultant does. And he has helped several telecom companies get off the ground...
And one of them is TelexFree... the suspect scam in Brazil, that doesn't really exist in the US (or UK), as proven before when their offices are... well, virtual.
Is this irony? Fate? Or God playing a cruel joke on everybody?