Tesco trader closes website: Another pyramid scheme robs millions from unsuspecting clients

Hardly a month after TelexFree closed shop, Tesco Trader which is another Pyramid scheme has closed its website.

Users who try to access the website at the moment get the Web server default page.

Last month, TelexFREE Inc was charged with perpetrating a billion-dollar pyramid scheme on how to make money by posting ads.

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Federal agents from the FBI and Homeland Security raided the Marlborough headquarters of TelexFree Inc. in the intensifying investigation of an alleged billion-dollar scheme that has the potential to rank among the largest international financial frauds.

We will keep you updated on any developments.