Kingdom777

PP Blog Tag archives on references to "Kingdom777."

URGENT >> BULLETIN >> MOVING: SEC Takes Down WCM777; Says Purported Opportunity Is ‘Worldwide Pyramid Scheme,’ Ponzi And Offering Fraud; Federal Judge Signs Asset Freeze

URGENT >> BULLETIN >> MOVING: SEC Takes Down WCM777; Says Purported Opportunity Is 'Worldwide Pyramid Scheme,' Ponzi And Offering Fraud; Federal Judge Signs Asset Freeze

URGENT >> BULLETIN >> MOVING: (16th update 5:42 p.m. EDT U.S.A.) The SEC has gone to federal court in Los Angeles, alleging that the WCM777 “program” is a “worldwide” pyramid scheme, a Ponzi scheme and an offering fraud that targeted Asian and Latino communities and gathered more than $65 million. A federal judge has granted […]

Quebec Issues Investor Alert On WCM777

Quebec Issues Investor Alert On WCM777

UPDATED 6:42 P.M. EDT (U.S.A.) The Autorité des marchés financiers (AMF) has issued an Investor Alert on the WCM777 MLM “program.” Quebec’s securities regulator now joins at least nine other jurisdictions issuing Investor Alerts or filing actions against WCM777, also known as World Capital Market, Kingdom777 and Global-Unity. Global-Unity recently used a photo of a […]

Alaska Issues Alert On WCM777; State Asks Local Investors To Contact Division Of Banking And Securities

The WCM777 “program,” also known as Kingdom777 and Global-Unity, is now the subject of an Investor Alert in Alaska. Alaska’s move brings the unofficial total of jurisdictions or regulatory agencies filing actions or issuing Investor Alerts against WCM777 to eight: The country of Peru, the state of Massachusetts, the state of California, the state of […]

MORE FROM MLM LA-LA LAND: Is It A Taunt? Purported Successor Firm To WCM777/Kingdom777 Uses Image Of Golden Pyramid

MORE FROM MLM LA-LA LAND: Is It A Taunt? Purported Successor Firm To WCM777/Kingdom777 Uses Image Of Golden Pyramid

Updated 6:24 p.m ET (U.S.A.) Members of the WCM777 scam, which morphed into Kingdom777 after regulatory actions were filed, have been informed by a “program” upline that the venture now is operating as Global-Unity, a source told the PP Blog today. Parts of the Global-Unity website appear to be under construction. The “News” tab, for […]

Why California’s WCM777 Action May Spell Trouble For HYIP Promoters On You Tube

Why California's WCM777 Action May Spell Trouble For HYIP Promoters On You Tube

Still using social-media sites to promote massive fraud schemes — even after the AdSurfDaily, Zeek Rewards and Profitable Sunrise debacles? Thanks to his presence on social media, Harold Zapata, a WCM777 YouTube pitchman named a respondent in a Desist and Refrain order announced last month by California’s Department of Business Oversight, may be trapped between […]

BULLETIN: California Asks Residents Who Bought Into WCM777 To Contact Department Of Business Oversight ‘Immediately'; State Says Thousands Of Locals Bought Into Scam

BULLETIN: California Asks Residents Who Bought Into WCM777 To Contact Department Of Business Oversight 'Immediately'; State Says Thousands Of Locals Bought Into Scam

BULLETIN: (UPDATED 6:38 P.M. ET U.S.A.) The state of California, which last month issued a Desist and Refrain order against the WCM777 MLM “program” and called it an “investment scam,” now is asking residents who invested in WCM777 to contact the Department of Business Oversight “immediately.” At least 5,500 Californians plowed money into the scheme, […]

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 . . . _______________________________ 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 […]

BULLETIN: California Calls WCM777 A ‘Scam,’ Issues Desist And Refrain Order That Names Executives And YouTube Pitchman

BULLETIN: California Calls WCM777 A 'Scam,' Issues Desist And Refrain Order That Names Executives And YouTube Pitchman

BULLETIN: (Updated 10:36 a.m. ET U.S.A.) The state of California has called the WCM777 MLM “program” a “scam” and issued a Desist and Refrain Order that bans the enterprise in the state. The Department of Business Oversight (DBO) has issued a companion Consumer Alert and is “strongly” encouraging California investors to file a formal complaint. […]

UPDATE: Dallas Group May Be Trying To Port WCM777 Members To Lucrazon

UPDATE: Dallas Group May Be Trying To Port WCM777 Members To Lucrazon

The PP Blog has received information that suggests a WCM777 group in Greater Dallas may be trying to port members to Lucrazon, a purported revenue-sharing “program.” WCM777 now is known as Kingdom777. “Same team leaders want to encourage us to invest $8000.00 and we can get 15 units and they said that it will be […]

Email From A Concerned WCM777 Participant Raises Prospect That Worries Are Being Ignored

EDITOR’S NOTE: UPDATED 6:15 P.M. ET U.S.A. WCM777, now known as Kingdom777, is an outrageous fraud scheme operating over the Internet that has penetrated multiple countries, including the United States. Some affiliates claim a payment of $14,000 returns $500,000 in a year. The purported head is “Dr. Phil Ming Xu.” Please use the Blog’s search function […]

UPDATE: In Aftermath Of Police Raid On WCM777 Venue In Peru, ‘Dr. Phil Ming Xu’ Declares Love For The People — On Letterhead Of Suspended California Company

UPDATE: In Aftermath Of Police Raid On WCM777 Venue In Peru, 'Dr. Phil Ming Xu' Declares Love For The People -- On Letterhead Of Suspended California Company

Things are getting stranger at WCM777: After a police raid this week on the “program” in Peru, the purported head of WCM777 has declared his love for the Peruvian people — on the letterhead of World Capital Market, a California corporation listed as “suspended.” The letter, which is dated today and appears on Twitter, did […]