WCM777 @ BehindMLM

The mystery behind WCM777’s abrupt cancellation of their US business operations deepens, with news today that the BBB have listed the company under the “Ponzi schemes” section of their website. Listed simply as “WCM777”, the BBB Los Angeles website reveals that a BBB file on WCM777 was “opened” on the 20th of August 2013.

On the 26th of October Columbian news network Noticias Uno (“News One), aired on the “Canal Uno” (Channel One) network), ran a story about Ponzi investment scheme WCM777 being a pyramid scheme. Noticias Uno’s report (screenshot below),

WCM777 first popped up on my radar back in June of this year. In formally reviewing and analysing the WCM777 business model and compensation plan, I discovered the company offered affiliates 100 day ROIs over five investment levels. With invested affiliate funds the only source of revenue on the MLM side of the business, quite [Continue reading…]

World Capital Market (of which WCM777 are supposedly the marketing branch) claim to be based out of the British Virgin Islands. The company launched in 2013 and held a “grand opening” on June 17th in the US. On the WCM777 website (“wcm777.com”) a “certificate of incorporation” has been uploaded, with the date 8th of May [Continue reading…]