Websites For WCM777 And Kingdom777 ‘Unavailable’
UPDATED 12:08 P.M. ET (U.S.A.) The WCM777 and Kingdom777 websites appear to be back online. Our earlier story is below . . .
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Websites linked to WCM777 and Kingdom777 are showing a “Service Unavailable” message this morning. The precise reason why is unclear.
WCM777 now operates as Kingdom777. California securities regulators have called WCM777 an “investment scam” that gathered at least $20 million. California, Colorado and Massachusetts have banned the “program.” Louisiana and New Hampshire have issued Investor Alerts.
The province of New Brunswick in Canada also has issued an Investor Alert.
Ming Xu has been identified in securities actions as the operator of WCM777. Some promoters have called him Dr. Phil Ming Xu and Dr. Philip Ming — or just plain Dr. Phil. At a business event in California last year, Ming Xu was photographed alongside former U.S. Vice President Al Gore and Apple co-founder Steve Wozniak.
Some MLM scams try to gain a head of steam by associating themselves with famous politicians, famous people and famous businesses. Promos for WCM777 have sought to tie to firm to several famous companies.
A Twitter account in the name of Dr. Phil Ming Xu says this this morning: “You have not shut me up into the hand of the enemy. You have set my feet in a large place.”
A Jan. 27 Tweet said this: “Though an army should encamp against me, my heart shall not fear. Though war should rise against me, even then I will be confident.”
Meanwhile, a Jan. 25 Tweet said this: “Confidence in someone unfaithful in time of trouble is like a bad tooth, or a lame foot.”
Based on promos that have appeared online, it is possible that individual WCM777 sponsors were accepting wire transfers from their recruits and then somehow forwarding the money to WCM777, which reportedly has a presence in Hong Kong and the British Virgin Islands.
Circuitous flow of cash is a key marker of scams and may signal money-laundering or other crimes are occurring.
Please use the PP Blog’s search function near the upper-right corner to find more information on WCM777.
The province of New Brunswick (Canada) has just issued an Investor Alert on WCM777:
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Financial and Consumer Services Commission
Investor alert / World Capital Market, WCM777 investment
31 January 2014
Media Contact(s)
Michelle Robichaud, communications, Financial and Consumer Services Commission, 506-643-7045, [michelle.robichaudATfcnb.ca.]
SAINT JOHN (GNB) – The Financial and Consumer Services Commission has issued an alert to advise New Brunswickers of a potential investment scheme originating in California. The California regulator has issued a Desist and Refrain Order alleging that World Capital Market, also known as WCM777 on social media, has been illegally marketing membership units in its purported online cloud service.
The companies have been placed on the Financial and Consumer Services Commission’s online Caution List. The alert follows cease trade orders issued in Massachusetts and California.
“The California investigation highlighted several important red flags that investors should consider before making any investment,” said Jake van der Laan, director of enforcement at the commission. “The company appears to have no other business than selling these marketing units and investors have been promised returns of 140 per cent in under a year.”
New Brunswickers who have been approached by this company or other companies with similar schemes are encouraged to contact the commission immediately. No investment from New Brunswick has been reported to date.
The Financial and Consumer Services Commission provides protection to consumers and investors from unfair, improper or fraudulent practices. The commission brings together regulatory authorities for securities, insurance, pensions, consumer affairs, co-operatives, credit unions, caisses populaires, and loan and trust companies. It is an arm’s-length Crown corporation self-funded by the fees and assessments paid by the regulated sectors.
Source: http://www2.gnb.ca/content/gnb/en/news/news_release.2014.01.0104.html
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Patrick
CBCNews in Canada Tweets the Alert:
Patrick
Unfortunately kingdom777 seems to work for me. This is the link that works for me:
https://www.kingdom777.com/member/login.asp?lange=EN
Works for you because you see in their system that you are being paid back?
Yes. Seems have have come back online around noon ET today in the United States.
Patrick
Actually, I think that Tony is saying that it’s unfortunate the site is back up because the scam could live another day to rip off even more people globally.
Patrick
It came back after they implement the US accounts blocking by IP. This mean to me the have a very cheap and inexperienced technical. Unable to manage testing unit and do smooth software updates.
Am getting the “Service Unavailable” message again the Kingdom777 website.
Patrick
Kingdom777 appears to be back online.
Patrick
I have made $34 000. 00 in sixty days how can someone come to tel me that this dont work .
All successful Ponzi schemes “work” — until they stop “working,” that is.
Zeek Rewards “worked.” So did the Bernard Madoff Ponzi scheme.
Patrick