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Thread: WCM may be much WORSE than we ever suspected

  1. #26
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

    These guys couldn't lie straight in bed:

    From the 2010 World Badminton championships:



    the TelexFree fraudsters in 2013


    The only thing necessary for the triumph of evil is for good men to do nothing

  2. #27
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

    WCM777 is spreading its' tentacles into Peru, prompting Congressman Jaime Delgado to issue a warning to Perus' citizens and report WCM777 to the countries' authorities.

    It's via Google Translate, but gives a clear picture of Congressman Delgados' concerns:



    Connuestro Peru.com
    The only thing necessary for the triumph of evil is for good men to do nothing

  3. #28
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected



    WCM777 spindoctoring attempt

    The negotiations between our lawyers and the Massachusetts’ Office of the Secretary went well.
    Err, well, if you consider the fact that the Massachusetts Securities Division banned WCM777 from operating in Massachusetts, ordered the company to refund $300,000 to its' Mass. members and WCM777 is also prohibited from continuing business operations now or in the future in the state of Massachusetts, as "the meeting went well" I guess things really "went well" for somebody, just not for WCM777

    However, because the sale of securities failed to fully comply with laws and regulations in United States, our operations in the U.S. will be on hold until further notice;
    Translation: "the critics were right, we are a ponzi"

    WCM Limited will continue operations.
    SAY WHAT ??

    You just admitted WCM777 is a ponzi in America, why would you want to "continue operations" elsewhere ??

    Some of the distributors have exaggerated the sales performance, which has led to complaints.
    r-i-i-i-i-g-h-t, of course, how silly of me, it is the "distributors" fault, not the fact WCM777 was trying to very publicly run a ponzi scam right under the noses of the Massachusetts legislators.

    Of course.

    WCM777 has already registered in the state of California.
    WHAT ??

    California registers HYIP ponzi frauds now ??

    Also, WCM777 will hold the grand opening for Hong Kong office in Dubai this coming January.
    How logical.

    Hold the grand opening of the Hong Kong office in Dubai.

    Still, given what Chinese officials do to ponzi fraudsters, it's probably not a bad idea to stay as far away as is possible from Hong Kong
    The only thing necessary for the triumph of evil is for good men to do nothing

  4. #29
    NikSam is offline AntiCon Artist
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    Re: WCM may be much WORSE than we ever suspected

    Incorporated in California, but no any licenses or disclosures on private stock sold.


    WCM777_CA_INC.jpg

  5. #30
    kschang is offline Senior Scambuster
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    Re: WCM may be much WORSE than we ever suspected

    WCM777 Hilarity Continues. Ming Xu apparently is going to help the guy behind "Innocence of Muslims" anti-Islam film that caused riots around the world to restart his Bible TV channel!



    For those who recall that mess, Joe Nassralla is head of Media for Christ, who operates "The Way TV". Nassralla apparently wrote the checks that paid the actors in "Desert Warriors", and the film permit was issued to Media for Christ. The film of course, later redubbed and edited into "Innocense of Muslims", the anti-Islam film. Some believe that Nassralla is the real mastermind behind the film and "Sam Bassile" is the fall guy. Nassralla however, maintained that he was tricked like everybody else.

    What's even more hilarious is Ming Xu claimed he'll go to Abu Dhabi in 2014. I doubt he'll get a visa if he really supported Nassralla.
    ---
    A MLM Skeptic (not a Cynic) covering scams, critical thinking, and psychology
    http://amlmskeptic.blogspot.com

  6. #31
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

    Peru has joined the growing list of countries warning about WCM777



    Google Translate
    The only thing necessary for the triumph of evil is for good men to do nothing

  7. #32
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

    This announcement recently appeared on the WCM777 / Kingdom777 website:



    If you believe THAT, you'll believe anything

    Is James Tenorio a genuine CEO or nothing but a convenient fall guy for when the failing ponzi finally collapses ??



    The james-tenerio profile on LinkedIn
    The only thing necessary for the triumph of evil is for good men to do nothing

  8. #33
    EagleOne's Avatar
    EagleOne is offline Elite Scambuster
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    Re: WCM may be much WORSE than we ever suspected

    The only position he shows on his LinkedIn profile ended June 2010. Makes you wonder what he has been doing since then doesn't it. Not so sure he is the fall guy or just willing to be the face for this regurgitated Ponzi, as he needs the money because he can't find a real job.
    Last edited by EagleOne; 01-04-2014 at 05:46 PM.
    EagleOne
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    Author: "Robbing You With A Keyboard Instead Of A Gun - Cyber Crime How They Do It" available in soft cover and eBook at Amazon.com
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  9. #34
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

    At least if the CEO gig doesn't work out when the WCM777 / Kingdom777 HYIP ponzi self destructs, its new CEO will be able to keep its' members entertained with some cartoon voices:



    James Tenorios' page on Voices.com
    The only thing necessary for the triumph of evil is for good men to do nothing

  10. #35
    kschang is offline Senior Scambuster
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    Re: WCM may be much WORSE than we ever suspected

    I know what Mr. Tenorios can do... he can voice-act the entire office all by himself! No need to hire a staff, just hire James!
    ---
    A MLM Skeptic (not a Cynic) covering scams, critical thinking, and psychology
    http://amlmskeptic.blogspot.com

  11. #36
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

    Hot off the presses comes this January 7, Kingdom777 / WCM777 announcement



    So, there you have it.

    WCM777 got the money and the affiliates get the blame.

    Any affiliate supplied promotional material is now wasted and must be removed from the 'net.

    After years of stealing money, a new "code of ethics" won't be available until January 31

    Subsection "2" is a real scream:

    2 - It is strictly prohibited to promote or be associated with the company / brand, such as the creation of domains or sub-domains (WCM777, WCM, WCM Kingdom , Kingdom777, 777, Kingdom Point, Kingdom Card, Kingdom Pay, World Capital Market, or similar), websites , blogs, chats , videos, publications in any electronic media or social network, use of images or any printed material, use of phrases that allude to getting rich quick, or images purporting luxury or wealth. In short, any form of promoting that does not abide by the new standards of communication and disclosure is prohibited. More details to be published by January 31, 2014.
    So, are Kingdom777 / WCM777 saying the past few years where affiliates were free to do any and all of the now forbidden activities are now to be simply forgotten ??

    Maybe it's just me, but that's akin to saying to regulators:

    "Listen guys, I know we have been lying, cheating, stealing, exaggerating and generally ripping off all and sundry, but we promise we will turn a new leaf after January 31 and behave ourselves from then on

    Oh, and while we're on the subject, let's forget that WCM777 has been accepting money from affiliates and promising a fixed return on their investment, making WCM777, and not the affiliates, guilty of Securities Violations

    See, we had our fingers crossed the whole time, so it doesn't count"
    The only thing necessary for the triumph of evil is for good men to do nothing

  12. #37
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

    Patrick Pretty is today reporting:

    REPORTS: Alleged Criminality At WCM777; Government Of Peru Shuts Down Office

    (click on headline to read the full story on Patrick Pretty.com

    UPDATED 6:46 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.
    The only thing necessary for the triumph of evil is for good men to do nothing

  13. #38
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

    UPDATE:

    Google translation of the article appearing inLa Republica Peru

    WCM777 decommissioned and local representatives denounce criminally

    Questioned company caught the public's money without authorization from the SBS. Affected representatives can report. After weeks of complaints, the Superintendency of Banking and Insurance (SBS) closed the premises of the company World Capital Market 777, which was presented as an international ship could return twelve times the amount invested.

    In various parts of the world, WCM 777 has been reported by a pyramidal practice . Still, with these precedents, a few months ago came to Peru with a local in the Cercado de Lima.

    This morning, the SBS closed WCM 777 environments located on Avenida Spain No. 449-453-459 because the company captured money without authorization for such activity.

    Already in place, SBS officials, in collaboration with representatives of the Public Ministry , the Judiciary and the National Police checked after the administrative investigation process, the company also questioned conducted illegal financial operations.

    He explained that World Capital Market has captured the public's money without proper legal authorization, in violation of article 11 of the General Law of the Financial System and Insurance System and Organic Law of the Superintendency of Banking and Insurance (Law No. 26702).

    It was also reported that the legal representatives of the company have been charged with crimes.

    The superintendent reported that people who have been captured by WCM777 can report the company to the National Police of Peru and / or prosecutors.

    Individuals may also file complaints to the SBS, 0-800-10840 by calling (toll free nationwide) or 01-200-1930, or via email informalidad@sbs.gob.pe .
    The only thing necessary for the triumph of evil is for good men to do nothing

  14. #39
    Whip's Avatar
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    Re: WCM may be much WORSE than we ever suspected

    Odd they haven't picked up on the kingdom link. Or so it seems from the lack of mentions

  15. #40
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

    The State of California has issued its' own Cease and Desist order against WCM777 which contains some interesting insights into the inner workings of a HYIP ponzi fraud:



    State of California Cease and Desist order



    California Department of Oversight Investor Alert
    The only thing necessary for the triumph of evil is for good men to do nothing

  16. #41
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

    The Patrick Pretty blog is reporting:


    UPDATE: Dallas Group May Be Trying To Port WCM777 Members To Lucrazon


    By PatrickPretty.com 6:36 pm Jan 25, 2014


    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 similar to kingdom777,”
    a source told the Blog. “In other words they see us as uneducated people who have excavated money from underground or group of dumb people who will trust them again. Believe me that amount of people who invested are already falling for it.”
    Read the full story on Patrick Pretty Blog
    The only thing necessary for the triumph of evil is for good men to do nothing

  17. #42
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

    For anyone wondering as to the identity of the previously unmentioned "Harold Zapata" in the above Cease and Desist letter:

    Harold Zapata

    1526 W. Claridge Court
    Hanford, California 9323
    At all relevant times, Harold Zapata is a Director and affiliate of WCM777. Zapata is one of WCM777’s primary salespersons on YouTube. On his LinkedIn resume, Zapata also identifies himself as “CEO at WCM777 Global Stars,” where he says that “I Help People Make Money!”







    Harold Zapata

    President at Mexicola Food & Beverage Inc.
    Greater Los Angeles Area International Trade and Development
    Join LinkedIn and access Harold Zapata’s full profile. It's free!

    As a LinkedIn member, you'll join 250 million other professionals who are sharing connections, ideas, and opportunities.

    • See who you and Harold Zapata know in common
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    View Harold's full profile

    Harold Zapata's Overview

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    • President at Mexicola Food & Beverage Inc.
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    Harold Zapata's Experience

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    Mexicola Food & Beverage Inc.

    November 2013 – Present (3 months) Greater Los Angeles Area
    Imagine the same taste as Coke but healthy! Vitamin C, fiber, 0 sugars, 12 calories, patented technology that will soon earn the approval of the Diabetic Association.

    Pre-IPO going on right now. April 2014 we are going public.

    Let's talk!

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    Harold assists homeowners in Fresno/Clovis/Madera sell their homes via traditional and short sale methods, and homebuyers purchase first-time, secondary and investment properties. Harold also assists farmers in the listing and purchase of agricultural farms and ranches.
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    The only thing necessary for the triumph of evil is for good men to do nothing

  18. #43
    JustTooMuchTime is offline Senior Scambuster
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  19. #44
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

    The State of Colorado has now joined the other states by issuing a Stipulation for consent cease and desist order to which WCM777 and Ming Xu have Consented



    Named in the Order are World Capital Markets, Inc., WCM777, Inc., and their founder and chairman, Ming Xu, all of Pasadena, California.

    The Staff of the Division of Securities (the “Staff”) alleged that World Capital sought Colorado investors through websites, webinars, and live presentations to purchase packages that allow the purchaser to access World Capital’s cloud media services and earn commissions or profits with advertised returns of more than 90%. The program operated much like a multi-level marketing program where purchasers received bonuses for referrals, purchase of stock options, and other bonuses based on how many referrals obtained by a purchaser.
    The Staff alleged that World Capital failed to register either security offering and, by offering the investment opportunity to the public at large by soliciting on the internet, World Capital violated the registration provisions under the Act.
    The only thing necessary for the triumph of evil is for good men to do nothing

  20. #45
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

    The State of New Hampshire has issued a Bureau of Securities Investor Alert regarding WCM777



    The only thing necessary for the triumph of evil is for good men to do nothing

  21. #46
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

    WCM777 / Kingdom777 is now officially dead in the USA, not that it wasn't already dead in practical terms:



    Kingdom777.com

    One would think James Tenerio now appreciates why observers identify him as being Phil Ming Xu’s "STOOGE"

    stooge

    stuːdʒ/

    noun


    noun: stooge; plural noun: stooges
    1.
    derogatory
    a subordinate used by another to do unpleasant routine work.
    "party stooges put there to do a job on behalf of central office"
    The only thing necessary for the triumph of evil is for good men to do nothing

  22. #47
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected



    New Brunswick Financial and Consumer Services Commission investor warning
    The only thing necessary for the triumph of evil is for good men to do nothing

  23. #48
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

    www.kingdom777.com returns:

    The connection was interrupted

    The connection to www.kingdom777.com was interrupted while the page was loading.

    The site could be temporarily unavailable or too busy. Try again in a few moments.
    If you are unable to load any pages, check your computer's network connection.
    If your computer or network is protected by a firewall or proxy, make sure that Firefox is permitted to access the Web.
    wcm777.hk returns:

    Service Unavailable

    The service is temporarily unavailable. Please try again later.
    The only thing necessary for the triumph of evil is for good men to do nothing

  24. #49
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

    For joy, for joy, it's finally arrived:



    WCM777 / Kingdom Trade announcement

    If anyone can make head or tail of the Trade Platform, please let us all in on the secret code necessary to decipher it.



    Kingdom Trade UserGuide
    The only thing necessary for the triumph of evil is for good men to do nothing

  25. #50
    Whip's Avatar
    Whip is offline Anonymous. As are you all
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    Re: WCM may be much WORSE than we ever suspected

    seems all they are trading is one name for another.

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