Tag: Dr. Phil Ming Xu
-
WCM777/’Joseph Global Institute’: More Strange Turns Potentially Involving More Colleges And A Push Toward Offshore ‘Cryptocurrency’
UPDATED 4:06 P.M. ET U.S.A. Campus police departments at Southwestern University, Eastern Connecticut State University, the University of Wisconsin-Madison and Texas Tech University had no immediate comment today on a developing story that may be flowing from the bizarre WCM777 Ponzi scheme allegedly operated by SEC defendant Phil Ming Xu, also known as Dr. Phil…
-
BULLETIN: Receiver For WCM777 MLM ‘Program’ Says California Lobbying Firm Received $750,000
BULLETIN: (7th update 6:59 p.m. EDT U.S.A.) The court-appointed receiver in the SEC’s WCM777 pyramid- and Ponzi-scheme case says she is seeking court approval to pursue claims against a California lobbying firm that allegedly received $750,000 from accused scammer Ming Xu and performed no work. Some WCM777 MLM affiliates claimed $14,000 sent to the “program”…
-
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…
-
UPDATES: (1) Colorado Boots WCM777; (2) California Didn’t Have To Look Far To Find ‘Program’: State Has Office In Same Building From Which Alleged Multimillion-Dollar Securities Scam Operated
UPDATED 6:33 P.M. ET (U.S.A.) The state of Colorado has issued a cease-and-desist order against the WCM777 “program,” saying the Ming Xu-led enterprise was selling unregistered securities. Ming Xu also is known as Dr. Phil Ming Xu, according to WCM777 promoters. In issuing the C&D, Colorado now has joined at least two other U.S. states…
-
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.…
-
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
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…
-
SPECIAL REPORT: WCM777 Says Its U.S. Operations ‘Will Be On Hold Until Further Notice’ Because Its Securities Sales ‘Failed To Fully Comply With Laws And Regulations In United States’ — But Will The ‘WCM 777 Boston’ Band Play On In Houston? And What About The Highly Curious ‘Joseph Global Institute?’
EDITOR’S NOTE: This story covers highly curious events associated with WCM777 and related entities or people. In this post you’ll find: News on yesterday’s announcement by WCM that it had mothballed its U.S. operation that sells securities. Questions about whether a WCM777 event scheduled over the next two days in Houston would occur or whether…
-
URGENT >> BULLETIN >> MOVING: Massachusetts Halts WCM777, Says It Was Selling Unregistered Securities And Targeting Brazilian Community
URGENT >> BULLETIN >> MOVING: (10th Update 9:28 p.m. ET U.S.A.) Massachusetts has halted the WCM777 multilevel marketing scheme, saying it was associated with entities in Hong Kong, the British Virgin Islands and the United States and selling unregistered securities. In Massachusetts, the state said, the scheme was targeting the Brazilian community. In a filing…