WCM
PP Blog Tag archives on references to "WCM."
SEC: ViziNova ‘Program’ Was Pyramid Scheme And WCM777 Reload Scam Aimed At Asian-Americans And Hispanic-Americans
A “program” known as ViziNova was both a cross-border pyramid scheme and a reload scam aimed at victims of the WCM777 online debacle, the SEC says. VizaNova, which gathered at least $5 million, invaded the Asian-American and Hispanic-American communities and was partly focused at Brazilians, the SEC said. A PP Blog report in June 2014 […]
BULLETIN: CLAIM: Former CIA Operative Was Paid More Than $400,000 By Companies Linked To WCM Ponzi Scheme
UPDATED 9:44 P.M. EDT MARCH 14 U.S.A. How strange were things in the universe of WCM777, an MLM “program” accused by the SEC last year of pulling off an $80 million, cross-border Ponzi swindle? Would you believe that a former CIA operative with two felony convictions ended up on the payroll? Robert Sensi, the former […]
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 […]
Churches May Be At Risk From WCM777 ‘Program’; Congregants In Rialto, Calif., May Have Been Swept Into Bizarre Cross-Border Scheme; YouTube Pitchman Says Venture Will ‘Go Into Selling Shares, Pre-IPOs’; Craigslist Flags Ad In Atlanta; Siemens AG Says ‘No Form Of Cooperation Exists’ Between Itself ‘And The World Capital Market Company’
Siemens AG, the German engineering and electronics conglomerate, has taken the unusual step of issuing an “official statement” on its public website that “no form of cooperation exists between Siemens and the World Capital Market company and its affiliated businesses.” The statement appeared yesterday and was announced on Twitter, after the multibillion-dollar firm had received […]
More Pension Funds Frozen In Westridge Capital Management Case; San Diego County Was Pulling Out Of Fund As University of Pittsburgh Was Increasing Stake
Westridge Capital Management (WCM) and affiliate WG Trading appear to have been trolling for cash to sustain the deception until the bitter end. Even as one public retirement system was pulling out and demanding a return of invested funds, another one was increasing its stake. In January, just weeks before the firms were exposed as […]
BREAKING NEWS: IPERS Terminates Westridge Capital Management Contract; Says $339 Million May Be At Risk
UPDATE 5:41 P.M. EST (U.S.A.) The Iowa Public Employees’ Retirement System (IPERS) has terminated its investment-management contract with Westridge Capital Management (WCM) of Santa Barbara, Calif. IPERS’ move comes on the heels of a lawsuit filed Friday by two Pennsylvania universities that sued WCM amid concerns that they potentially had lost $114 million in an […]
Read The National Futures Association Report On Paul Greenwood And Stephen Walsh; Association Asserts Hundreds Of Millions Of Dollars Unaccounted For Amid Suspensions
We’ve previously pointed out that, in recent times, some of the actions filed against financiers and fund managers — and the findings of investigators — have read like works of fiction. On Friday, for example, Irving Picard, the trustee in the Bernard Madoff case, asserted that Madoff appears not to have purchased securities for customers […]