Showing posts with label Vantone. Show all posts
Showing posts with label Vantone. Show all posts

Saturday, February 15, 2014

Scam Absurdities: Kingdom 777 (i.e. WCM777) adopts Ponzi Speak and Pyramid Selling

A blatant ponzi scheme such as WCM777 (which changed its name to Kingdom 777) that was chased out of both North and South America by various jurisdictions, decided to go Orwellian by adopting "Newspeak", which seems to be copied from existing ponzi schemes, such as Ad Surf Daily.

BehindMLM made a copy of Kingdom777's official announcement:

Kingdom777 "word usage explanation" announced 13-FEB-2014

  • Investment, purchase
  • Investor, member
  • Dividend or return , bonus

Hilarious, since this is exactly what "Andy" Bowdoin of Ad Surf Daily ponzi did. Quoting from the SEC press release:
To avoid regulatory scrutiny, Bowdoin referred to ASD’s investors as “members,” referred to the investor’s money, payment and investment principle as “ad packages,” and referred to the return on the member’s investment that ASD promised and paid as “rebates.” 
Let's compile the list...

  • investor, member
  • investment, ad packages
  • return, rebates

Yep, same thing.

But there's something else... It seems Ming Xu is simply replaying the Vantone scam, which is the same trick that Interush tried in Hong Kong, and already busted.