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Fabio Wanzeleer’s House To Be Locked Down Until The Conclusion of His Criminal Trial.
After suspicion that Fabio Wanzeler’s Florida house had been acquired with stolen TelexFree Ponzi funds, last December the DOJ requested a restraining order against the property.
The DOJ was concerned that if James Merrill and Carlos Wanzeler were convicted, steps might be taken to sell or transfer the property to obscure links to TelexFree.
Telexfree News – DOJ
Based on evidence submitted by the DOJ, a restraining order was issued against the property.
The restraining order bans Carlos Wanzeler and his family from ‘removing, transferring, dissipating, alienating, encumbering or otherwise disposing’ of the Palm Beach property:
“There is reasonable cause for entry of this order. The (DOJ) have established probable cause that the Cape Delabra Court Property sought to be restrained would be subject to forfeiture to the United States upon the Defendant’s convictions. The Court further concludes that a Restraining Order is necessary to preserve the available of the Cape Delabra Court Property for forfeiture in the event of the Defendants’ convictions.”
Needless to say, 2017 has not been a good year for Carlos Wanzeler thus far. The arrest of one of his collaborators last month had him lose over $20 million dollars.
Millions more remains unaccounted for but are believed to still be in the United States. It is undoubtedly only a matter of time before the DOJ lock down those funds too.
James Merrill, Wanzeler’s co-conspirator in the Telexfree Ponzi scheme, is up for sentencing on March 2nd.
I’ll keep you informed.