District Court in Boston on Wednesday.Īfter implementing the asset freeze, the SEC lifted the seal on the charges on Thursday. The SEC said it had filed its charges on Tuesday but kept them under seal in connection with the commission's request for an immediate freeze of TelexFREE's assets, which was granted by the U.S. Five days ago, on Sunday, TelexFREE filed for Chapter 11 protection in U.S. The commission's announcement came two days after the Massachusetts Secretary of State's office filed its own complaint against the company, which is facing accusations of being a billion-dollar, international pyramid scheme, and federal investigators raided its Cedar Hill Street offices. The Securities and Exchange Commission on Thursday revealed it has filed charges against the Marlborough-based telecommunications and multi-level marketing firm TelexFREE, adding to the company's week of woes.
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