Unity Club: Global Unity Ponzi scheme refuses to die
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.
The Unity Club website domain (“unityclub.biz”) was registered on 21st of April and lists “Utf CN” as the domain owner. A “ZhiQiang Peng” is the named admin contact for the domain, and shares the same Hong Kong based address as UTF CN.
Unfortunately I wasn’t able to dig up any further information on any of the details provided. Still, it’s a step up from Global Unity, who provided absolutely no information on who was running the Hong Kong backbone of the business.
For now Unity Club’s website appears to be little more than a placeholder for affiliate logins, with the website displaying similar diagnostic information as that of Global Unity.
Both sites appear to be running the same back-end script, which presumably mean little to nothing has changed other than the company’s name.
At this point you’ve got to think the owners are running out of generic-sounding “unity” derivatives, so perhaps this time they’ll actually make a go of it. Otherwise I suppose they’ll be back in a few weeks again with a new name.
This time…
Does anyone speak Mandarin here?
If I remember it correctly, Oz had some plans learning Mandarin a few years ago. 🙂
The video is from August 2013, used to promote WCM777. I looked at it back then, but I tried mostly to identify the “TV station” rather than the content of the video. Ming Xu had contact with several different religious “TV channels”, e.g. “Manna TV”, something about “Freedom In His Kingdom” and other names I don’t remember.
It’s a promotional video, made to look like a news story, used to build up some false credibility about the investments. “Phil” Ming Xu is playing himself in the role as the “wealthy Chinese industrialist, philantropist and … eh … bicyclist” (H.E. Pennypacker).
I do. (speak Chinese, both Mandarin and Cantonese)
The broadcast is one of those “press release” segments out of “Phoenix TV” out of Hong Kong, probably their 24-hours “infonews” channel as filler material.
http://en.wikipedia.org/wiki/Phoenix_Television
It’s “real” news, but they basically repeated press release material and footage supplied by Ming Xu and Tiger Li.
Note that out of 5 microphones shoved in front of them, there seem to be only two hands (i.e.it’s a single guy). And some of them are radio stations.
In the video, Ming Xu is basically showing off his WCM “discount shopping card”, and claimed that Walmart accepts it, and some Chinese restaurants accepts it, and claimed to have 400K users. Then you have Tiger Liu repeated some fluff about cloud services, then claimed they will have business services launching soon.
I was just looking through the TV stations supposedly covering the report. From left to right:
G&E — Global & Eastern Satellite Channel, based in LA
Phoenix Satellite — technically based in Hong Kong, but also has LA office
TSTV — probably Taishan TV, also based in LA
CTI — CTI-TV, technically out of Taiwan, but obviously, have LA office
and finally, that last microphone is hard to read, but that’s probably 570 AM KCFJ, which has SOME Chinese programs.
570 AM is owned by EDI Media, which is Chinese.
In other words, given Ming Xu’s prior media contacts (mainly by paying money to events, but also his work with Chinese Radio International) he probably filmed this filler material as press release for these TV stations to be inserted when nobody’s watching, so he can use the footage for his own purposes.
What else would you expect?
They got put on the backburner, BehindMLM has been crazy this last twelve months.
This year alone it’s been hard to keep up with the regulatory action, and we’re only in March!
Thanks for the translation K. Chang. I had hopes it would be a “true” news-break in China
I beileve that the company should back because there are too much people that suffered for this situation who’s had lost lot money and believed in this platform.
I am sure and wait with faith in God that they are get on work again because we need know what is happened. The attitude is everything.
The business model is what you should be worrying about, god is neither here nor there.
But by all means, continue to wait. Might want to grab a really long book.
that Kchang dig too dip about Dr. Phil ming xu. and said alot of bad thing about Phil ming xu, but the problem is not about him, but it’s about the US SEC regulation.
all members who join the company got paid and very happy and he never left anyone behind.but the law here’s too tough they want everyone go broke and homeless so everyone can go on 4 welfare.
no wonder all wealthy peoples get out and do bussiness at other country. very soon everyone in america will have no job, hunger and homeless.
Of course the problem was Ming Xu, he was running a bloody Ponzi scheme.
US regulation makes Ponzi schemes illegal, for good reason.
Absolute bullshit. You and your buddies who got in early might have been paid, but mathematically you stole from those who invested after you who had no hope of getting paid.
All Ponzi schemes collapse because you can’t pay out more than you bring in.