BehindMLM: WCM777 offshoot, “Global Unity”
Global Unity is probably the most direct successor of the WCM777 Ponzi scheme. When the regulatory heat got too much for founder Phil Ming Xu, he put out a message saying he’d sold the business to some new owners, and that he hoped they could turn it legit.
Global Unity was far from legit though, with the owners instead opting to try to reload WCM777′s business model. Global Unity affiliates even professed the company to be safe from the SEC, largely due to the fact that it was based offshore in Hong Kong:
The team now manages the company from Hong Kong is doing so with much more professionalism than the previous team.
Total trust in the new policy according to which there has been. -Global Unity will not close, will continue its activity and will continue to pay according to the payment Plan.
SEC is only for USA. As already known the company not operating currently in USA. The rest of the world continues its activity.
That late March and after the announcement things went quiet. A week or so into April and Global Unity’s website went down, showing an “under construction” message.
Now, it seems the owners are trying to flog the same business under yet another name. [Continue reading…]
BehindMLM: Global Unity affiliates claim safety from SEC
When Phil Ming Xu became aware that the SEC was investigating his WCM777 Ponzi empire, he began to divert deposits made by investors to Hong Kong.
As noted by the SEC in their complaint against Xu,
Around October 2013, at the same time that state regulators began investigating the WCM777 offering, (WCM777) stopped depositing investor funds into their United States bank accounts, although the WCM777 offering continued.
Since October 2013, Defendants have raised more than $37 million from investors which has been deposited into their Hong Kong bank account.
Whether or not the appointed Receivership in the case will be able to recover the funds from Hong Kong is unclear, but that hasn’t stopped affiliates in Global Unity from proclaiming their opportunity is safe from US regulation.
BehindMLM: Global Unity: Kingdom777 rebooted (again)
It’s getting rather difficult to keep up with the continuous changes Phillip Ming Xu keeps making to his global Ponzi empire. After regulators around the world began to target Xu and his WCM777 Ponzi scheme late last year, he changed its name to Kingdom777 and hid behind the skirt of newly appointed CEO, James Tenorio.
What became of Tenorio remains unclear. He published one update on the Kingdom777 website in January, after which rumors claiming he’d abandoned the post began to surface. I was never able to confirm this information, however it seems Tenorio has since gone into hiding as there has been no communication from him since.
That left Ming Xu back in charge, and with Kingdom777 barely over a month old, it appears he’s gone and changed the name of his scheme yet again.
Suspicions were raised when Kingdom777 and its associated sites went offline roughly twenty-four hours ago. Dutra’s The Paper observed that
As of early this morning the websites for Kingdom777 are down. This includes kingdom777.com, kingdomtrade.org and kingdom777.hk. Social media is stating the outage will be for 48 hours and they are making upgrades and changes to the site.
It is unknown how unity.pe plays into this yet, however the domain is listed as repossessed by godaddy.com, the preferred domain seller of Kingdom777 owner Xu Ming.
Further initial investigations into this outage show that many of the sites are moving services to new providers and net blocks.
Worldcapitalmarket.com has relocated onto Google Cloud Services, 1and300.com has moved to a net block assigned to seizuretimegaming, Kingdom777.com has moved to Yahoo hosting, kingdomtrade.org remains at liquidweb, where many of the sites related to this scam have been since the start of the scheme.
A few hours ago emails began to trickle in with information on one of Kingdom777′s top Ponzi pimps trying to covertly shift over his downline to a “new” scheme, named “Global Unity”.
Renato Rodriguez, one of the top leaders in wcm777 might be switching all of people to “his” new company. He said “no information must be shared”.
The Global Unity website domain, “global-unity.net” was only registered just yesterday on February 24th, with much of the site still in development:
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