August 8, 2014 - Boston, MA -- In response to a civil suit filed against him by the SEC, TelexFree Inc.'s accountant, Joseph H. Craft, said he didn't assist in any wrongdoing and asked to have the charge against him dismissed.

Craft, who was not an employee of TelexFree, performed accounting services for the company from October 2012 until April 2014, when he was prevented from removing a bag containing $38 million in cashier's checks from TelexFree's offices during a raid by federal agents. Craft admitted that as of March 2014, he was aware that TelexFree appeared to be operating a Ponzi scheme. He said he served as the company's interim chief financial officer for a "few days" in April at the request of TelexFree's reorganization team but denied being the company's "actual CFO." Craft's lawyer argued that the SEC failed to show that Craft was liable for any claim, as he never promoted TelexFree's services, directed anyone to its website, signed financial statements or performed an audit.

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