Like Profitable Sunrise And TelexFree Schemes, WCM777 Used Photo Of Christ The Redeemer Statue
Christ the Redeemer on the stage at a June 17 WCM777 event in California. Source: Facebook
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.
One of the sad realities of the increase in ‘net based crime is that, to fraudsters, the religious and the elderly make prime targets.
They are considered to be “better” targets, easier to con, unaware of just how far fraudsters will go, more trusting and less inclined to complain to the authorities.
[…] declaration comes on the back of fellow Ponzi schemer Phil Ming Xu using Christ the Redeemer imagery to pimp WCM777 back in June. The extent religion plays in Xu’s “Christian appeal” marketing […]