SEC Says TelexFree Player Moved Assets, Should Be Jailed

By Aebra Coe (August 12, 2015, 10:16 PM EDT) -- A player in the alleged TelexFree LLC pyramid scheme that purportedly swindled investors out of hundreds of millions has flouted an asset freeze with "reckless abandon" by moving around assets in the form of cash, homes and expensive cars, the SEC said Wednesday, arguing he should be jailed until all assets are accounted for....

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