Group Represents TelexFREE Victims
9/18/2014
September 19, 2014 -- An ad hoc committee made up of approximately 100 former TelexFREE representatives and claiming to represent all victims of the company has urged the court to prevent the legal payments of millions of the nearly $300 million prosecutors estimate the company took in over that last two years.
According to bankruptcy court records, three law firms have asked the court to release funds for legal counsel provided to TelexFREE when it filed for bankruptcy in April. A letter filed by a lawyer representing the victims' committee asked the court to either disallow the firms' applications for payment or postpone a decision on them until an official committee to represent TelexFREE's creditors has been created by the bankruptcy trustee.