Trustee in TelexFree Bankruptcy Files a Lawsuit Against Gerald Nehra and the Nehra and Waak Law Firm
May 5, 2016, Massachusetts – The Trustee for the Debtor TelexFree bankruptcy filed a lawsuit against Defendants Gerald P. Nehra, Nehra and Waak law firm, alleging that they were actively involved in promoting the Ponzi scheme and duping customers. The Trustee alleged that the Defendants were retained by the Debtor in the spring of 2012 to provide advice with respect to the implementation of the Debtors’ business plan, but failed to provide the Debtors with any compensable advice during the two years of their retention by the Debtors. The Trustee has now initiated adversary proceeding to recover payments made to the Defendants within two years of the bankruptcy filings as fraudulent transfers.
Neither Intent nor Motive of the Parties is Relevant Under § 547(b).
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