A photo of the Christ the Redeemer statue in Rio de Janeiro, Brazil, now has been used in a third recent scheme: WCM777.
The photo was displayed from the stage at a June 17 “grand opening” event for WCM777 at the Pacific Palms Hotel in City of Industry, Calif., according to a WCM777 Facebook site.
Images of the statue also have appeared in promos for TelexFree, an MLM firm under investigation in Brazil amid pyramid-scheme allegations, and Profitable Sunrise, an HYIP taken down by the SEC in April 2013. (See July 7, 2013, PP Blog brief.)
On Nov. 14, the state of Massachusetts said it halted WCM777 in the state, saying it was selling unregistered securities and that the scheme had been targeted at the Massachusetts Brazilian community.