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Jay Borromei, “Alleged” Key Personnel in the TelexFree Ponzi scheme, Files for Bankruptcy

California, September 13, 2016 – Two years ago, TelexFree Inc. filed for bankruptcy under Chapter 11 in the United States Bankruptcy Court for the District of Nevada and now, Jay Borromei, alleged key personnel in TelexFree Ponzi scheme, has declared personal bankruptcy. Post filing of bankruptcy, Borromei has requested for an automatic stay of the Telexfree trustee Stephen B. Darr’s April 2016 lawsuit against him and his company, Opt. 3 Solutions, Inc. for return of more than $1.8 million. Borromei was accused of aiding and abetting the TelexFree Ponzi scheme that affected hundreds and thousands of people worldwide. Borromei filed his bankruptcy petition on Sept. 13 in the U.S. Bankruptcy Court for the Central District of California


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