ViziNova using abandoned WCM777 e-wallet?
As part of their twenty-four page Ponzi lawsuit issued against WCM777, the SEC claim that the company
facilitated a “secondary market” in the points they award to investors, and Defendants estimate that $890 million of the points have traded on this market.
(WCM777) claim(s) that more than $890 million of points have been traded in the secondary market platform operated by Defendants.
The points acquired by investors provide the investor with the right to receive stock, or convert the points to stock, in any of the companies that Defendants represent they are bringing to the market.
In a nutshell, WCM777 affiliate investors converted real money on the company’s Kingdom Trade market for virtual points. The $890 million figure doesn’t represent real money (WCM777 only took in $65 million), but monopoly money being continuously compounded through the company’s Ponzi investment scheme.
Whereas WCM777 had the means to track real money being converted into “Kingdom Points”, it appears the planned method to permit investors to withdraw “Kingdom Coins” into real money was never put in place.
Xu had initially contracted EuroWallet to provide e-wallet services to his Kingdom Trade exchange under the branding “Kingdom Coin”, however as the regulatory noose around Xu’s neck tightened he then left the payment processor high and dry.
Left completely in the dark, EuroWallet felt they had no other option but to shut down Kingdom Trade altogether. EuroWallet CEO Emanuel Martins published the following message on the Kingdom Coin website a fortnight ago:
At Eurowallet, we see ourselves responsible for the operation of KingdomPay. With that said, we work hard to make sure that the businesses that integrate with our platform run consistently smoothly and with as few problems as possible.
Yet, sometimes, we face challenges beyond our control that have nothing to do with our technology or our professional IT personnel.
Unfortunately, this is the case with Global Unity(Kingdom777). Although we have tried by every means possible to speak with the staff at Global Unity(Kingdom777), for whom this platform was designed for, customized and traded for 100% ownership of them by providing us the very simple yet necessary tools we need to fulfill our responsibilities and duties.
They have failed to meet their responsibility to us time and time again.
Just recently we met at the highest level with the Global Unity(Kingdom777) key personnel and management and urged them to implement the payout system that has been on their hands for over 5 months.
They agreed to. They didn’t!
The payout system is what all Global Unity(Kingdom777) users use to receive their bonuses and commissions. Our purpose and desire has always been to have this payout system available.
Unfortunately, and with heavy hearts on our part, due to Global Unity’s (Kingdom777) unwillingness or inability to keep their part of the agreement, we have no choice but to shut-down the operation of the KingdomPay platform until further notice.
Respectfully Yours, Emanuel Martins C.E.O. Eurowallet.
Now at this point you’re probably asking yourself, “well alright Oz, so what does any of this have to do with ViziNova then?”
Well, swap out the “kingdom” in Kingdom Coin and replace it with “vizinova” to get “Vizinova Coin”. Over at “vizicoin.net”, you then have the ewallet website of the recently launched ViziNova business opportunity.
Check out the link in the footer of the website:
So uh… guess who’s providing ViziNova with their e-wallet services?
Of course it should come as no surprise that ViziNova are completely compatible with a ” platform (that) was designed for (and) customized” for WCM777. Not only is ViziNova the brain child of several of WCM777’s top affiliate investors, but if you swap out WCM777’s cloud-services facade with ViziNova’s app-based advertising facade, their respective business models are pretty much identical.
WCM777 ViziNova affiliates convert real money into KingdomCoins ViziCoins, purchase investment positions and then get paid a daily weekly ROI, funded by newly invested affiliate money and paid out as KingdomCoins ViziCoins.
But remember folks, ViziNova
has nothing to do with Phillip Ming Xu. Vizinova is a clien-based (sic) mlm company. There is NOT ROI AT ALL.
There is not shared profit. People might earn publicity profit which is not guaranteed and if you read disclosures if clearly stipulates “The average yearly earnings”.
People are NOT encourage to invest waiting for ROI.