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Tag: Kingdom777

  • 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 for more info on WCM777.

    For starters, see: 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?’

    Here is an email received by the PP Blog today from a WCM777 participant who is deeply worried. The email was sent from a U.S. state that has a considerable Latino population. Other than the carriage returns we added and the name we withheld, the email is verbatim.

    __________________________

    As far as I know our Hispanic Team Leader said we have 3 options, 1 is change address to a different country, 2 is transfer to a different name but in a foreign country and 3rd to just wait for the USA to close it down and we can request for reimbursement for every unit we have.

    All what I know is from my team leader. I Log in under affiliate with my password but there is no answers to my questions. All we want is our money back because the money we invested is what we have save all this long past year’s and I have 4 kids, 2 teenagers that are very close to start college. I need help to find out on how we can get our money back. I herd many comments in the meeting but I talk for my myself. Please help!!

    Sincerely

    [Name Withheld by PP Blog]

  • 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

    wcm777peruletterThings 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 not say whether WCM777 would provide defense lawyers for any arrestees or subjects of investigations in Peru.

    WCM777, an arm of World Capital Market, is under investigation in multiple countries. In November 2013, the firm was accused by the state of Massachusetts of selling unregistered securities. Hotel presentations in Massachusetts allegedly were targeted at Brazilian-Americans.

    In the United States and elsewhere, claims have appeared that $14,000 sent to WCM777 returns $500,000 in a year.

    As part of a Twitter declaration of love to Peruvians, “Dr. Phil Ming Xu” noted that WCM777 “wants to united [sic] people and build a global community of trust and love.”

    And, according to the Tweet, WCM777 “has a promotion plan with a payout ratio of 130% for a limited time to sell our seven cloud products” and has stopped “our promotion plan with a payout ration [sic]  [of] about 50%.”

    The Ming Xu letter to Peruvians claimed the company “is willing to back” the 130 percent scheme, but appears to ignore the issue of offering unregistered securities.

    WCM777, now reportedly known as Kingdom777, has been targeted at people of faith in the United States and other countries.

    In a Jan. 16 Twitter post, Dr. Phil Ming Xu noted, “When 4 blood moons are on the sky in this April, people will understand what we are doing.”

    Some people believe the world will end in April. It’s unclear if Ming Xu is in the end-of-the-world camp.