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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
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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
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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.
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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
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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
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Re: WCM may be much WORSE than we ever suspected
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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
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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.
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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
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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
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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
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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'.
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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
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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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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
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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
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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
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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
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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
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