WCM777

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 […]

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: (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. […]

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 […]

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 […]

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 […]

UPDATED 11:39 P.M. ET U.S.A. There are reports today in Peruvian media that the government of Peru has shut down an office of the purported WCM777 “opportunity” and that criminality occurred. It is unclear from early reports whether arrests were made. See story in Spanish at LaRepublica.pe. See English translation by Google Translate. The regulatory […]

UPDATED 11:23 A.M. ET (U.S.A.) The November/December issue of Home Business Advertiser carries a puff piece on TelexFree promoter Scott Miller. The one-page article, described by the publication as a “totally wild cover story,” does not reference TelexFree by name. Nor does the piece mention that TelexFree is the subject of a pyramid-scheme probe in […]

EDITOR’S NOTE ADDED AT 4:59 P.M. DEC. 14 AND UPDATED 8:39 A.M. ET (DEC. 16, U.S.A.): The URLs below now should be clickable. If not, they can be copied and pasted into the location bar of your browser. We apologize for the earlier formatting errors. Original story below . . . BULLETIN: The government of […]

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 […]

These are screen shots from three different promotional videos or news releases for WCM777 online. The first reflects a claim that people who send $14,000 to WCM777 in a poor economy will fetch back $500,000, 35 times-plus the amount they sent in. This will be accomplished in 52 weeks through the rollover of earnings in […]