TelexFree Exec Accused In $1B Scam Not A Fugitive, Atty Says
Law360, New York (May 12, 2014, 6:27 PM EDT) -- The co-owner of bankrupt TelexFree Inc., which authorities have accused of running an elaborate $1.1 billion pyramid scheme, is not a fugitive and plans to fight the criminal charge against him, his attorney said Monday.
Carlos N. Wanzeler was charged Friday along with fellow TelexFree principal James M. Merrill with one count of conspiracy to commit wire fraud, over the alleged scam they ran with their purported Internet telephone service company, which federal authorities say duped thousands of mostly immigrant victims out of millions of dollars.
While Merrill was arrested Friday and appeared in Massachusetts federal court to hear the charge...
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