Warning Issued Against iFreex, Possible Offshoot of TelexFree

September 30, 2014, Worcester, MA -- Massachusetts Secretary of State William F.Galvin is concerned that a new phone service app is an offshoot of TelexFree and is warning people to be wary of investing in iFreex. Complaints have been made against Sanderley Rodrigues de Vasoncelos (AKA Sann Rodrigues), who was once a top rep to TelexFree and has said on his Facebook page that iFreex "would be the new TelexFree", a news release from the secretary of state's office said. Mr. Rodrigues has been charged by the SEC in the TelexFree case and was charged in a similar scheme in 2006.

"iFreex appears to have many of the same characteristics as other pyramid schemes the Securities Division has recently brought actions against, including Wings, TelexFREE and WCM777," the news release said.