$361 million in WCM777 victim claims disallowed
The WCM777 Receiver has finally finished forensic accounting on investor losses. Of the $90.8 million dollars paid in by WCM777 affiliates, $72.2 million are recorded losses and $18.6 million was paid out in ROIs. The problem? 72,253 WCM777 affiliates had filed claims totalling $412 million in losses.