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Thread: WCM may be much WORSE than we ever suspected

  1. #76
    NikSam is offline AntiCon Artist
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    Re: WCM may be much WORSE than we ever suspected

    also previously unnoticed Jan 31st

    Alert from New Brunswick's FCNB

    WCM777_NB_ALERT.jpg

    URL: FINANCIAL AND CONSUMER SERVICES COMMISSION - Newsroll

  2. #77
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

    Latest chapter in the saga of Dr Phil Ming Xus' scamming ways:



    Dr Phil Ming Xu @ CNPEG on Twitter

    anybody who believes THAT will believe anything
    The only thing necessary for the triumph of evil is for good men to do nothing

  3. #78
    kschang is offline Senior Scambuster
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    Re: WCM may be much WORSE than we ever suspected

    Bet you he found a straw buyer like that kid down in LA that claims to be Kingdom 777's "President". hahaha. Voice actor. Hahahahaha.
    ---
    A MLM Skeptic (not a Cynic) covering scams, critical thinking, and psychology
    http://amlmskeptic.blogspot.com

  4. #79
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

    This notice has appeared on the WCM777 Pay website

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

  5. #80
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

    I'm thinking there won't be many people surprised the inevitable has happened:



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

  6. #81
    NikSam is offline AntiCon Artist
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    Re: WCM may be much WORSE than we ever suspected


  7. #82
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

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

  8. #83
    NikSam is offline AntiCon Artist
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    Re: WCM may be much WORSE than we ever suspected

    I told those WCM idiots not to pull Fed's leg. they did not listen, now will have to do time.

  9. #84
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

    Receiver appointed:



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

  10. #85
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

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

  11. #86
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

    For those who wonder why investigations appear to take so long and for those who question whether or not banks file Suspicious Activity Reports as required by law comes this interesting information from the SEC complaint:

    The SEC has listed 57 known banks accounts associated with WCM777, which means it has been working with banks for an extended period of time before filing the complaint:





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

  12. #87
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

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

  13. #88
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

    The receiver for World Capital Market has released her Receivers Second report

    Some highlights:



























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

  14. #89
    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

    Interesting that while 2 'kingdom' names are mentioned in her list, she has never mentioned 'kingdom777'.

  15. #90
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

    The SEC has obtained a Judgment as to Defendant Ming Xu a/k/a Phil Ming Xu

    In which Ming Xu, while neither admitting nor denying guilt (surprise, surprise) is: "permanently restrained and enjoined from violating, directly or indirectly” multiple sections of the Securities Exchange Act"

    Ming Xu will also "pay disgorgement of ill-gotten gains, prejudgment interest thereon, and a civil penalty."

    With the receiver already laying claim to much of the proceeds of the WCM777 fraud and her stated intention of identifying and recovering as many WCM777 assets as is possible, the disgorgement, interest and civil penalties will leave a sizeable hole in Ming Xus' retirement fund.

    It should be remembered the SEC can only prefer civil charges, with civil penalties i.e. fines and disgorgement.

    It cannot impose criminal charges nor sanctions, such as imprisonment.

    Whether or not another agency prefers criminal charges, with criminal penalties remains to be seen.





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

  16. #91
    kschang is offline Senior Scambuster
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    Re: WCM may be much WORSE than we ever suspected

    It gets better. Ming Xu's Chinese blog (Sina Weibo) says that he'll pay off everybody's losses by converting them all into "KingdomLoveCoins", something like a Bitcoin, but better.

    ??_??_???? (in Chinese, partial translation available at A (MLM) Skeptic: News Update 07-SEP-2014: Herbalife problem in Norway; TelexFree Brazil Exposed; Zeek, TelexFree, and WCM ponzi updates )
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  17. #92
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

    The receiver for WCM777, Krista Freitag has this week released October 1, 2014 Notice to Investors on the World Capital Market Receivership website





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

  18. #93
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

    In another bizarre twist in an already bizarre story, Ms Krista Frietag has released details of a recently filed Receiver’s Ex Parte Application for Order to Sell Additional Personal Property in which she alleges Phil Ming Xu improperly transferred money to his sister, Sue Wang.

    Some highlights:







    The complete document and accompanying declarations can be downloaded from the World Capital Receivership website
    The only thing necessary for the triumph of evil is for good men to do nothing

  19. #94
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected



    World Capital Markets receivership

    NB: Sue Wang is Xu's sister, owns MaNa Fashion, is corporate secretary of JJ Sparkles, Inc., and signed checks written on the bank accounts of JJ Sparkles and Yuanhao.

    Jianjun Wang is the president of JJ Sparkles.

    Xiaomei Deng is Xu and Sue Wang's mother.
    The only thing necessary for the triumph of evil is for good men to do nothing

  20. #95
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

    Another successful result for the receiver and creditors of the failed WCM777 ponzi:



    SEC vs WCM disgorgement notice

    Charles Messina = WCM inhouse legal counsel

    Internet Marketing Ventures (IMV) = principal Gary Messina, nephew of Charles Messina
    The only thing necessary for the triumph of evil is for good men to do nothing

  21. #96
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected



    SEC vs PMX Jewels disgorgement order

    PMX Jewels, Limited, is a rough diamond jewel merchant in Hong Kong
    The only thing necessary for the triumph of evil is for good men to do nothing

  22. #97
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

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

  23. #98
    littleroundman is offline Administrator
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    Re: WCM may be much WORSE than we ever suspected

    On August 7, 2017 the court appointed receiver, Krista Freitag released the Receivers' fourteenth interim report

    WCM777 Receiver's 14th Report.pdf

    Some highlights:






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

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