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U.S. - Massachusetts regulator says phone-service firm runs pyramid scheme

Massachusetts' top securities regulator on Tuesday charged a company that marketed online telephone services with running a $1 billion pyramid scheme that targeted minorities, including Brazilian-Americans.

William Galvin, Massachusetts' secretary of state, said that TelexFREE Inc offered fraudulent and unregistered securities in the state while making false promises to potential participants that they could get rich quickly.

"Pyramid schemes are nothing new, nor are schemes that target a specific group, but modern communications gives them instant world-wide scope," Galvin said in a statement.

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New treaty allows children to complain about rights violations directly to the UN

United Nations child rights experts on Monday praised the new Optional Protocol to the Convention on the Rights of the Child on a Communications Procedure, which grants children access to international human rights protections by allowing minors to complain directly to the UN Committee on the Rights of the Child (CRD) about the violation of their rights.

The Protocol permits children or their representatives to submit formal complaints, upon which the CRD must review the allegations and decide whether to take action.

If a rights violation is found to have the proper grounds, the CRD must then recommend to the nation at issue specific and mandatory procedures to remedy the violations. According to the UN, the Protocol effectively places children on equal legal footing with adults with respect to several international treaties.

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Migalhas International is a subsidiary of Migalhas and publishes legal and business news with a view on Brazil. Our core purpose is to deliver quality publications and services, and provide value to readers and sponsors. If you have questions or comments, you're invited to contact Michael Ghilissen, the editor, at michael@migalhas.com