Telexfree was one of the largest pyramids in Brazil, causing an estimated loss in the billions of customers of about 2 million. The financial pyramid has also operated in other countries, including Portugal.
After 7 years of investigations, the Portuguese courts decided that there were no culprits in the Telexfree case, as the victims were aware of the nature of the scheme.
According to the Dnotícias website, the decision was taken by the Lisbon Department of Investigation and Penal Action (DIAP). The entity decided to close the investigation concerning Telexfree, claiming that, according to the investigations, it was determined that the plaintiffs (victims of the scam) were not deceived because they knew they were engaging in an illegal activity and with a high probability of losing money.
The decision is linked only to the jurisdiction of Portugal and therefore has no bearing on the situation of the company and the defendants here in Brazil, since the investigation and proceedings against Telexfree on national territory are still pending.
This is not the only time that justice determines that the victims of such a coup are not exactly victims.
In January 2020, the courts ruled that people should be ashamed to say that they fell for the tale of the Unick Forex vicar.
At the time, the judge said customers should be wary of the Unick scheme, and even claimed that the lawsuit against the company would force the state to legalize the illegal offer of the company accused of pyramid.
Telexfree still ’not guilty‘ in Brazil
Carlos Wanzeler, creator of TelexFree
Carlos Wanzeler, the creator of Telexfree is awaiting trial. A few months ago the Second Class of the Supreme Court decided to extradite Wanzeler to the USA, where he is also being prosecuted for the Ponzi scheme.
Wanzeler even lost his Brazilian citizenship in order to make extradition to the US possible.
In the USA, one of Wanzeler’s associates has already been sentenced to 6 years in prison, which would probably be the same sentence as the creator of Telexfree.
The problem is that shortly after, Minister Marco Aurélio suspended the extradition of the accused, making the trial take longer.