Legal Opinion
Securities & Exchange Commission v. Telexfree, Inc.
District Court, D. Massachusetts
Decided October 8, 2014No. Civil Action No. 14-11858-NMGPublishedCited by 5 opinions
1Opinion of the Court
MEMORANDUM & ORDER
GORTON, District Judge.
This is a civil enforcement action brought by the Securities and Exchange Commission (“SEC”) against TelexFree, Inc. and TelexFree, LLC (collectively, “TelexFree”) and eight individual defendants (who, together -with TelexFree, are collectively, “defendants”) for allegedly operating and promoting an illegal pyramid and Ponzi scheme. Pending before the Court is the motion of the Department of Justice (“the government”) for leave to intervene and to stay discovery pending *351resolution of parallel criminal proceedings. After careful review of the…
2Cases cited7 opinions
- Serge Marquis v. Federal Deposit Insurance Corporation, as Liquidating Agent of Hillsborough Bank & Trust Company, Eltrex International Corporation v. Federal Deposit Insurance Corporation, as Liquidating Agent of Hillsborough Bank & Trust Company, Michael M. Mills v. Federal Deposit Insurance Corporation, as Receiver for Nashua Trust Company, James P. Goodrich v. Federal Deposit Insurance Corporation, as Receiver for Dartmouth BankCourt of Appeals for the First Circuit · 1992
- Microfinancial, Inc. v. Premier Holidays International, Inc.Court of Appeals for the First Circuit · 2004
- International Paper Company v. The Inhabitants of the Town of Jay, Maine, Appeal of State of MaineCourt of Appeals for the First Circuit · 1989
- Securities and Exchange Commission v. Robert Chestman, United States of America, Intervenor-AppelleeCourt of Appeals for the Second Circuit · 1988
- United States v. Private Sanitation Industry Ass'n of Nassau/Suffolk, Inc.District Court, E.D. New York · 1992
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3Cited by5 opinions
- Green v. CosbyDistrict Court, D. Massachusetts · 2016
- Cook v. Lynn & William, Inc.District Court, D. Massachusetts · 2023
- New England Sports Network, L.P. v. Alley Interactive LLC (CT)District Court, D. Massachusetts · 2023
- R v. BigdaDistrict Court, D. Massachusetts · 2021
- SECURITIES AND EXCHANGE COMMISSION v. LIBERTYDistrict Court, D. Maine · 2019