Have a Claim?

Click here for a confidential contact or call:


March 28, 2014

Posted  January 26, 2016

The SEC announced charges and asset freezes against three entities operating under the business names WCM and WCM777 for allegedly running a worldwide pyramid scheme targeting Asian and Latino communities in the U.S. and abroad.  According to the SEC’s complaint, WCM and WCM777 have raised more than $65M since March 2013 by, among other things, falsely promising tens of thousands of investors a return on investment of 100 percent or more in 100 days. SEC

Tagged in: Misrepresentations, Ponzi Schemes, Securities Fraud,