Katia Wanzeler has reached a settlement with the TelexFree Trustee.
TelexFree was a $3 billion MLM Ponzi that collapsed in 2014.
In an try and get in entrance of pending US civil and legal enforcement actions, TelexFree filed for chapter in April 2014.
As a part of TelexFree’s chapter proceedings, a Trustee was appointed to take over the enterprise. Since then, the Trustee has been coordinating the return of stolen funds to TelexFree victims.
A part of the Trustee’s duties is clawing again ill-gotten positive aspects from TelexFree insiders. This brings us to Katia Wanzeler.
Katia Wanzeler is the estranged spouse of TelexFree co-founder and needed fugitive, Carlos Wanzeler (proper with Katia).
As per the “background” part of the Trustee’s December nineteenth movement in search of approval of a settlement with Katia Wanzeler;
On June 22, 2022, the Courtroom entered judgment in favor of the Trustee in opposition to Carlos Wanzeler within the quantity of $3,785,192 plus curiosity.
In furtherance of assortment on that judgment, the Trustee commenced an investigation into transfers made by Carlos Wanzeler to or for the good thing about his estranged partner, Katia Wanzeler, or belongings held by Katia Wanzeler through which Carlos Wanzeler might need an curiosity.
On March 24, 2024, the Trustee carried out a deposition of Nicholas Wanzeler, the grownup youngster of Carlos and Katia Wanzeler.
On July 2, 2024, the Trustee carried out a deposition of Katia Wanzeler.
On account of these depositions, a assessment of paperwork on file with the registry of deeds, and paperwork produced by the deponents, the Trustee decided that Carlos Wanzeler was previously the proprietor in payment of the next residential actual properties.
The submitting lists three properties, two in Worcester, Massachusetts and the opposite in Coconut Creek, Florida. Katia Wanzeler and her son reside in one of many Worcester properties.
The Trustee alleges that in 2018 and 2019, properly after TelexFree filed for chapter, Carlos Wanzeler transferred his possession curiosity within the properties to FNR Belief and Diamond Realty LLC.
Nicholas Wanzeler is the appointed trustee of FNR Belief. Katia Wanzeler is the only real proprietor of Diamond Realty LLC.
The Trustee has asserted that the transfers of the Actual Properties by Carlos Wanzeler to the FNR Belief and Endlessly Diamond Realty could represent fraudulent transfers and/or that the transferees holds the Actual Properties in constructive or ensuing belief for the good thing about Carlos Wanzeler.
Katia Wanzeler, the FNR Belief, and Endlessly Diamond Realty dispute these allegations.
The Events have engaged in negotiations in an effort to resolve the disputes pending within the Chapter Courtroom.
After a number of months of negotiations, considering the claims, defenses thereto, and potential claims by different events in opposition to Ms. Wanzeler and her associates, the Events have been capable of attain settlement within the type of the connected Stipulation.
As per the settlement stipulation, Endlessly Diamond LLC will switch its curiosity within the Florida property to the TelexFree Trustee.
The Wanzelers will retain possession of the 2 Worcester properties.
At time of publication the stipulated settlement awaits court docket approval.