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The Boston Globe


SEC freezes assets of firm, 8 people in fraud probe

TelexFree executive allegedly tried to flee with $38m in checks

As federal agents searched the Marlborough headquarters of TelexFree Inc. this week, the company’s chief financial officer tried to flee with a laptop and a bag holding cashier’s checks worth nearly $38 million, according to court records made public Thursday.

The Securities and Exchange Commission said it has frozen the assets of TelexFree and eight principals and associates, alleging the company has been running an “illegal pyramid scheme’’ that recruited victims from around the world.

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